Henderson Land Development (0012) will launch 50 apartments at Arbour in Jordan as soon as Saturday, with an average price of HK$23,928 per sq ft.
The cheapest flat, measuring 256 sq ft, is priced at nearly HK$5.75 million, or HK$22,453 per sq ft, after discounts.
Mark Hahn, General Manager of Sales (2) Department at Henderson Land Development, said the first batch was close to the market price, a discount of about 2 to 3 percent
The show flat in Tsim Sha Tsui is available to the public at 4 pm and the project kicks off subscriptions on Saturday.
In other news, Sun Hung Kai Properties (0016) plans to release new price lists of Cullinan West III on top of Nam Cheong MTR Station today, involving 217 units.
Meanwhile, Minmetals Land (0230) uploaded the sales brochure of Montego Bay in Yau Tong, offering 688 flats with a minimum size of 237 sq ft.
The developer will release the price list of at least 138 flats at Montego Bay in Yau Tong as soon as today.
The project has 688 flats with salable areas ranging from 237 to 2,000 sq ft. Units with three bedrooms or more account for 40 percent.
Allen Fong, sales and marketing director at Minmetals Land, expects the project will be on sale as early as within a month.
As for the price, Fong said the company will take the market price in the same district as a reference - about HK$25,000 to HK$26,000 per sq ft.
A show flat opens today for viewing between 11 am and 8 pm every day.