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The Lands Department announced today (July 25) that a site at the junction of Pak Shek Wo San Tsuen Road and Clear Water Bay Road, Sai Kung, Lot No. 1282 in Demarcation District No. 253, has been successfully triggered for sale under the Application List System.
The lot will be offered for sale at this financial year's fifth government land auction to be held at Queen Elizabeth Stadium, Wan Chai, on September 6.
A Lands Department spokesman said that the Government had accepted the applicant's minimum guaranteed bid of $86 million for the lot. This will be the opening bid at the auction subject to the reserve price of the lot.
Lot No. 1282 in Demarcation District No. 253 has a site area of about 2,400 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 676 square metres and 1,124.8 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 12, when the particulars of the land auction will also be gazetted.
Ends/Monday, July 25, 2011
Issued at HKT 17:01
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