Mad rush for flats at Henley III

The first batch of flats at The Henley III in Kai Tak was 7.5 times oversubscribed as of 3 pm yesterday with Henderson Land Development (0012) receiving 850 checks for the 100 units offered on Saturday.

Thomas Lam Tat-man, general manager of the sales department at Henderson Land, said is confident of receiving 1,000 checks before the deadline of 8 pm tonight because of the low price of this batch - there are 83 units with a discounted price of less than HK$10 million - and the developer may launch the second round of sales next week.

The Holborn in Quarry Bay, also developed by Henderson Land Development, uploaded its sales brochure yesterday and will release the price list next week at the earliest.

Located at 1 Shau Kei Wan Road, The Holborn will offer 420 units ranging from studios to three bedrooms, measuring from 200 square feet to 571 square feet, according to its sales brochure.

The first batch of 84 flats will mainly provide studio to one-bedroom units. It plans to open sales at the end of this month and will take reference from the prices of new properties in the same area of Hong Kong Island and projects along the Hong Kong Island railway.

It is expected to open three show flats next week, including a one-bedroom modified demonstration unit, a one-bedroom standard unit, and a two-bedroom standard unit.

Meanwhile, Sun Hung Kai Properties' (0016) Wetland Seasons Bay in Tin Shui Wai has received 5,000 checks for the 300 units offered on Saturday, or at 15.6 times of oversubscription.

Among the 300 units, 285 units will be sold in the form of price list which covers from studio to three-bedroom units with a price increase of 1 percent to 9 percent in some units, and the remaining 15 units through tendering.

Codeveloped by Kerry Properties (0683), Sino Land (0083), and MTR Corporation (0066), La Marina in Wong Chuk Hang was 19 times oversubscribed with 3,750 checks received for the 200 units offered also on Saturday.