3 residential sites set for auction

Auction for residential sites on Stubbs Road, Begonia Road and in Ngau Tam Mei to take place on May 12 at Queen Elizabeth Stadium.

Secretary for Development Carrie Lam said on Wednesday three residential sites will be put up for auction next month - the former Lingnan College on Stubbs Road, a Begonia Road site in Kowloon Tong and an Ngau Tam Mei site in Yuen Long.

“This will be followed by the auction of two residential sites in June, one at Borrett Road and the other at Ping Shan, Yuen Long. We also plan to put up for tender a site with flat-size restrictions in Tung Chung in June,” she said, adding the residential sites for sale from April to June will provide at least 2,650 units, according to a government report.

Apart from residential sites, the Government will invite tenders for the sale of three specified sites for commercial-business and hotel use.

Two sites, one on Wai Yip Street, Kwun Tong, for business use and the other on Queen’s Road East for hotel use, will invite tenders next month. A commercial site located at the junction of Kai Cheung and Wang Kwong Roads in Kowloon Bay will invite tenders in June.

The Lands Department said the three residential sites on Stubbs Road, Begonia Road and in Ngau Tam Mei will be auctioned on May 12 at Queen Elizabeth Stadium. The Stubbs Road site is 14,700 square metres, with a gross floor area of up to 16,800 square metres. The Begonia Road site is 2,810 square metres, with a gross floor area of up to 3,417 square metres. The Ngau Tam Mei site is 23,480 square metres, with a gross floor area of up to 9,392 square metres.

The final conditions of sale for these sites will be available on the Lands Department’s website by April 21.

The commercial site at the Junction of Wai Yip Street, Shun Yip Street and Hoi Bun Road in Kwun Tong, and the hotel site at 373 Queen’s Road East, will be tendered. The tender invitation for both lots will start May 20 and close June 24.

The Kwun Tong site is 7,083 square metres with a gross floor area of up to 84,996 square metres. The Queen’s Road East site is 717 square metres with a gross floor area of up to 10,755 square metres.

The final conditions of sale for the sites will be available by May 20 and particulars of the tender will be gazetted.