A residential site at 1 Broadcast Drive, Kowloon Tong, will be auctioned on November 28. The Government has accepted the applicant's minimum guaranteed bid of $1.1 billion for the lot. This will be the starting price for the auction.

The lot has a site area of about 6,088 square metres and a minimum gross floor area of 10,958 square metres needs to be completed. The site is designated for private residential purposes. 

The auction will be held at the Cultural Centre. Sale conditions will be uploaded to the Lands Department's website by November 10, when the particulars of the land auction will be gazetted.