Two small residential sites in Stanley and Sai Kung have attracted strong interest, with 14 bids lodged by the close of the tender period yesterday.
A spokeswoman for the Development Bureau said nine bidding documents were received for the site in Stanley, while the Sai Kung site attracted five bids.
Representatives of developers Emperor International and First Group Holdings were seen submitted bids for the Stanley site yesterday.
Surveyors expect the government to get between HK$69.1 million and HK$150 million for the sale of the Stanley site, while the Sai Kung site could bring in between HK$25 million and HK$75 million.
The 6,622 square foot site at Hoi Fung Path, Stanley, can provide a total gross floor area of 4,966 sq ft with a plot ratio of 0.75 times.
'The location is very good because it's close to the town centre and it's only two minutes away from the Stanley market. It enjoys convenient transport links. Also, Stanley is a prime luxury residential area and the site offers sea views,' said Joe Fok Wai-leung, a director of First Group. Fok said if First Group won the bidding it planned to build two to three four-storey villas on the land parcel, with a total investment of between HK$180 million and HK$200 million. It would be the company's first residential project.