Henderson Land Development (0012) will open show flats of The Baker Circle Dover in Hung Hom this weekend.
The sales brochure may be unveiled today and the first price list with at least 65 units may be released within the week, said Thomas Lam Tat-man, a general manager of Henderson's sales department.
The tower offers 324 flats, including 84 studios, 194 one-bedroom, 42 two-bedroom, and four special units, with sizes ranging from 200 square feet to 570 sq ft.
The Baker Circle redevelopment project consists of nine blocks which will be built in three phases, providing a total of 2,800 flats.
In Tai Po, Sun Hung Kai Properties (0016) has raked in more than HK$63.8 million after selling five homes via tender.
Meanwhile, real estate agency Midland Realty expects overall property market sentiment to further improve in the second half of this year as the economy is set to pick up and Covid subsides.
Sammy Po Siu-ming, chief executive of the residential division, estimates new home sales will jump 91 percent to 10,500 in the second half from a projection of 5,500 in the first half.
Secondary home sales will also soar 36 percent to about 30,000 in the second half from about 22,000 in the first half, Po said.
The property agency plans to open 30 additional branches and recruit 1,000 more employees in the six months from July.
Separately, Secretary for Development Michael Wong Wai-lun said the government plans to consult a Legislative Council panel on the "new land first" proposal in the fourth quarter of this year.
The proposal is to enable early implementation of the title registration system on newly granted land first, which will enable industry practitioners and the public to benefit from the new system as early as possible, Wong wrote in a reply to LegCo.
Compared to the present deeds registration system, which gives no guarantee to title, the title registration system will provide greater assurance and certainty of property titles, he said, adding that all key stakeholders have expressed support in principle for the "new land first" proposal.
