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The Lands Department announced today (January 26) that two sites in Tai Po, Tai Po Town Lot No. 195 at Plover Cove Road and Tai Po Town Lot No. 188 at Pak Shek Kok, Site C, had been successfully triggered for sale under the Application List System.
The two lots will be offered for sale at this financial year's fifth Government land auction to be held on March 13, 2007 at the Queen Elizabeth Stadium, Wan Chai.
A Lands Department spokesman said that the Government had accepted the applicants' minimum guaranteed bids of $326 million for Tai Po Town Lot No. 195 and $2,100 million for Tai Po Town Lot No. 188. These will be the opening bids at the auction subject to the reserve prices of these two lots.
Tai Po Town Lot No. 195 has a site area of about 2,750 square metres and is designated for non-industrial (excluding godown and petrol filling station) purposes. A minimum gross floor area of 9,600 square metres must be completed.
Tai Po Town Lot No. 188 has a site area of about 19,902 square metres and is designated for private residential purposes. A minimum gross floor area of 41,795 square metres must be completed.
The final Conditions of Sale for the two lots will be available for distribution and uploaded onto the Lands Department's website (http://www.landsd.gov.hk) by February 23, 2007 when the particulars of the land auction will also be gazetted.
Ends/Friday, January 26, 2007
Issued at HKT 17:29
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