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Site in Tai Po triggered for auction

    The Lands Department today (August 23) announced that a site in Tai Po - Tai Po Town Lot No. 186 at Pak Shek Kok Development Area, Phase 1, Site B - had been successfully triggered for sale under the Application List System.

     The lot will be offered for sale at this financial yearˇ¦s fifth Government land auction on September 17 at the Hong Kong Cultural Centre.

     A Lands Department spokesman said the Government had accepted the applicantˇ¦s minimum guaranteed bid of $3.08 billion for the lot.  This will be the opening bid at the auction subject to the reserve price of the lot.

     Tai Po Town Lot No. 186 has a site area of about 22,126 square metres and is designated for private residential purposes.  A minimum gross floor area of 39,827 square metres must be completed.

     The final Conditions of Sale for the lot will be available for distribution and uploaded onto the Lands Departmentˇ¦s website ( by September 7 when the particulars of the land auction will also be gazetted.

Ends/Thursday, August 23, 2007
Issued at HKT 16:05


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