Site in Sai Kung triggered for auction
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    The Lands Department announced today (April 14) that a site in Pak Sha Wan, Sai Kung, Lot No. 1200 in Demarcation District No. 217, had been successfully triggered for sale under the Application List System.

    The lot will be offered for sale in the 2008-2009 financial year's first Government land auction to be held at 3pm on May 9 at the auditorium of Tsuen Wan Town Hall.

    A Lands Department spokesman said that the Government had accepted the applicant's minimum guaranteed bid of $10 million for the lot.  This will be the opening bid at the auction subject to the reserve price of the lot.

    Lot No. 1200 in Demarcation District No. 217 has a site area of about 191.4 square metres and is designated for private residential purposes.  A minimum gross floor area of 68.9 square metres must be completed.

    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 April 25, 2008, when the particulars of the land auction will also be gazetted.

Ends/Monday, April 14, 2008
Issued at HKT 16:35

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