The Lands Department announced today (June 9) that a site at the junction of Hung Luen Road and Kin Wan Street, Hung Hom Bay Reclamation, Kowloon, Kowloon Inland Lot No. 11111, 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 $2,139 million for the lot. The tender invitation for Kowloon Inland Lot No. 11111 will commence on June 30, 2011, and close on July 29, 2011. The Government does not bind itself to accept the highest or any tender.
Kowloon Inland Lot No. 11111 has a site area of about 13 703 square metres and is designated for non-industrial (excluding residential, godown, hotel and petrol filling station) purposes. The minimum gross floor area and the maximum gross floor area are 32 887 square metres and 54 812 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 30, when the particulars of the tender will also be gazetted.
Ends/Thursday, June 9, 2011
Issued at HKT 17:06
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