A Cheung Chau site has been triggered for sale under the application list system, and will be put up for auction on March 27 with an opening bid of $39 million.

Cheung Chau Lot No 1848 at Shui Hang in Sai Wan will be offered for sale at this financial year's sixth Government land auction, at the Cultural Centre.

Designated for private residential purposes, the site area spans about 10,382 square metres and a minimum gross floor area of 2,491 square metres must be completed.

The final conditions of sale for the lot will be uploaded onto the Lands Department's website by March 9.