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The Lands Department announced today (September 30) that a site at Inverness Road, Kowloon Tong, New Kowloon Inland Lot No.6493, had been successfully triggered for sale under the Application List System.
The lot will be offered for sale at this financial year's ninth government land auction to be held at Queen Elizabeth Stadium, Wan Chai, on November 3, 2010.
A Lands Department spokesman said that the Government had accepted the applicant's minimum guaranteed bid of $1,716 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.6493 has a site area of about 7,046 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 12,683 square metres and 21,138 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 October 22, 2010, when the particulars of the land auction will also be gazetted.
Ends/Thursday, September 30, 2010
Issued at HKT 17:02
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