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The Lands Department announced today (September 3) that a site at No. 3 and 5 Ede Road, Kowloon Tong, New Kowloon Inland Lot No. 6423, had been successfully triggered for sale under the Application List System.
The lot will be offered for sale at this financial year's eighth government land auction to be held at Queen Elizabeth Stadium, Wan Chai, on October 12, 2010.
A Lands Department spokesman said that the Government had accepted the applicant's minimum guaranteed bid of $1,053 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. 6423 has a site area of about 2,808 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 5,054 square metres and 8,424 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 September 24, 2010, when the particulars of the land auction will also be gazetted.
Ends/Friday, September 3, 2010
Issued at HKT 17:01
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