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The Lands Department announced today (July 23) that a site at No.1 Ede Road, Kowloon Tong, New Kowloon Inland Lot No.6306, had been successfully triggered for sale under the Application List System.
The lot will be offered for sale at this financial year's sixth government land auction to be held at 3pm on August 31, 2010, at Tsuen Wan Town Hall.
A Lands Department spokesman said that the Government had accepted the applicant's minimum guaranteed bid of $659 million for the lot. This will be the opening bid at the auction subject to the reserve price of the lot.
New Kowloon Inland Lot No.6306 has a site area of about 2,399 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 4,319 square metres and 7,197 square metres respectively.
The final Conditions of Sale for the lot will be available for distribution and uploaded onto the Lands Department's website (www.landsd.gov.hk) by August 13, 2010, when the particulars of the land auction will also be gazetted.
Ends/Friday, July 23, 2010
Issued at HKT 17:03
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