Henderson Land Development (0012) opened its first price list for The Henley III at Kai Tak, offering 81 units at an average price of HK$28,200 a square foot after discounts.

The first batch price per square foot is the most expensive ever at Kai Tak.

The units cover studio flats to three-bedroom flats, ranging from 238 square feet to 778 square feet. Henderson Land set the price at between HK$6.583 million and HK$26.31 million and the price per square foot at between HK$26,545 and HK$34,189.

The developer offers up to 5 percent discounts.

The price after discounts is from HK$6.25 to HK$25 million. The price per square foot is from HK$25,218 to HK$32,479 after discounts.

The developer said there is about 5 percent room for a price rise.

The Henley III's first batch focuses on studio flats, accounting for 36 units. There are only five two-bedroom units.

Only 16 flats have sea views and most of the others have hillside and garden views. The developer said that as the Kai Tak Sports Park is still under construction, it is expected that the sea-view units will be launched after the landscape in this direction is confirmed.

The price of the first batch referred to other first-hand properties in the Kai Tak area.

The second price list may be launched tomorrow.

The residential project offers 404 units in total. It is expected to complete in April next year.

In Tin Shui Wai, Wetland Seasons Bay of Sun Hung Kai Properties (0016) received more than 8,000 checks.

The project will open the second round of sales tomorrow, offering 300 units. It was oversubscribed 25.7 times.

The 300 units cover one-bedroom flats to three-bedroom flats. The price after the discount is HK$4.72 million to HK$9.87 million. The price per square foot is from HK$12,913 to HK$18,932 after discounts.

The residential project offers 1,224 units in total, ranging from 268 sq ft to and 1,158 sq ft. It is expected to be completed by the end of June next year.

Meanwhile, there were two forfeited deals at The Pavilia Farm III in Tai Wai. The potential buyers canceled the transaction of 509-sq-ft flats and 359-sq-ft flats on August 24.

From early July, there was 15 forfeited deals in total.

The Henley III goes up at Kai Tak. sing tao

First price list opens for Henderson's Henley lll