A second price list of flats at Koko Rosso in Lam Tin, developed by Wheelock Properties, is expected to released as early as today after the first list of 88 flats was 22 times oversubscribed with 2,000 checks received over the weekend.

The number of flats in the second list will be 10 percent more than the first and prices may also increase by as much as 10 percent, said managing director Ricky Wong Kwong-yiu.

He added that at least 20 customers have enquired about the special units with rooftops.

Details of the tender for these top-floor flats might be revealed when sales are launched at the end of this month.

The third phase of Wheelock's Koko Hills project, Koko Rosso offers a total of 392 flats with areas ranging from 300 to 988 square feet.

The first batch featured mostly smaller flats ranging from 300 sq ft to 497 sq ft.

The selling price of the first batch was about 10 percent lower than those sold at Koko Hills in 2020, with the cheapest unit priced at HK$5.54 million.

As 70 percent of the checks received were from first-time home buyers, Wong said that the developer might offer special payment plans for this group.

Meanwhile, in the secondary market, 15 transactions were recorded at 10 major housing estates over the weekend according to Centaline Properties.

It was the ninth week of double-digit transactions although the number shrank 37 percent from last week's 24 deals.

Louis Chan Wing-kit, Asia-Pacific vice-chairman of the residential division at Centaline, said buyers were attracted to the busy primary market, and it was difficult for them to find good deals in the secondary market with owners reluctant to cut prices amid the buoyant market sentiment.

However, there was an unusual loss-making deal at Taikoo Shing over the weekend when a 715-sq-ft three-bedroom flat changed hands at about HK$13 million or HK$18,182 per sq ft with the seller, who had bought the flat for HK$14.65 million six years ago, suffering a HK$1.65 million or 11 percent loss on his initial investment.

The 88 flats were 22 times oversubscribed. SING TAO

Koko Rosso flats in hot demand, more on way