The developers said Wednesday market response to the waterfront project has been phenomenal.

Since the public launch last weekend, more than 500 units have been sold. Together with the 127 units sold in two previous block deals with separate institutional investors, about 630 units have been transacted, representing nearly 80 percent of total 796 units available.

"The units were sold within a period of one month since the first block deal," said Daisy Ho Chiu-fung, deputy managing director of Shun Tak.

ADVERTISEMENT

"Not only is this an impressive record in Macau property sales, but it also bears testimony to the enclave's development potential."

The apartments range from 654 square feet to 3,006 square feet, and prices from HK$3,536 per square foot to HK$5,061 psf, with an average of HK$4,360 psf.

Located in the Nape district, where a majority of the new casino-hotels are situated, One Central Residences has attracted interest from international investors and the general public since its inception. Two entire block sales were concluded in November for a total of HK$1.46 billion.

Sjova-Almennar tryggingar, Iceland's largest insurance provider, purchased all 68 units in Tower Four, followed by the Macau Property Opportunities Fund, a closed-end investment firm listed on the Alternative Investment Market of the London Stock Exchange, buying 59 units in Tower Six.

Prior to last weekend's public launch, the developers received more than 500 cashier orders through real estate agents or directly from prospective buyers, and all 72 units offered on the first day of the launch were snapped up in the first three hours.

The developers have since been releasing additional units to meet market demand.