Checks roll in for Henley Park

Henderson Land (0012) says Henley Park in Kai Tak received about 4,000 checks for 228 units, 16.5 times oversubscribed.

The first round of sales will start on Saturday.

This batch comprises open-style homes and apartments with one to three bedrooms, and the salable areas range from 250 to 649 square feet.

The cheapest unit costs HK$5.18 million.

Henley Park provides 740 units in total and they are completed.

In Wong Chuk Hang, La Montagne uploaded its prospectus yesterday and will provide 432 units in Phase 4A.

The project is co-developed by Kerry Properties (0683), Sino Land (0083), Swire Properties (1972) and the MTR Corporation (0066).

Kerry said the prices of this batch would refer to other luxury projects in South Island and the homes above MTR stations.

The show flats would be open to the public soon, said Kerry.

Kerry expected home prices to rise 5 percent this year as the market had digested the interest rate rises.

La Montagne comprises two phases, 4A and 4B, and will provide 800 units in total.

Phase 4A covers one-to-three-bedroom units, with the two-bedroom flats accounting for 63 percent. The sizes range from 351 to 1,847 square feet.

Sixteen special apartments will be sold by tender.

The project is close to Deep Water Bay, Repulse Bay and Shouson Hill, where traditional luxury projects are located.