The Lands Department announced today (May 31) that a site at Tui Min Hoi, Sai Kung, Lot No. 1176 in Demarcation District No. 215, had been successfully triggered for sale under the Application List System and will be disposed of by public tender.
A Lands Department spokesman said that the Government had accepted the applicant's minimum guaranteed bid of $29.8 million for the lot. The tender invitation for Lot No. 1176 in Demarcation District No. 215 will commence on June 17, 2011, and close on July 8, 2011. The Government does not bind itself to accept the highest or any tender.
Lot No. 1176 in Demarcation District No. 215 has a site area of about 1 659.4 square metres and is designated for non-industrial (excluding residential, hotel, godown and petrol filling station) purposes. The minimum gross floor area and the maximum gross floor area are 746.7 square metres and 1 244.5 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 June 17, 2011, when the particulars of the tender will also be gazetted.
Ends/Tuesday, May 31, 2011
Issued at HKT 17:01