The Grand Mayfair II in Yuen Long sold at least 249 of the 288 flats on offer in the second round of sales yesterday.

The 288 homes comprise 59 one-bedroom, 188 two-bedroom, 34 three-bedroom, and 7 four-bedroom flats, priced from HK$6.52 million to HK$18.47 million after discounts, or from HK$17,132 to HK$20,463 per square foot.

The 805-flat project is phase 1B of a 2,200-flat mega development that is being jointly developed by Sino Land (0083), K Wah International (0173), and China Overseas Land and Investment (0688).

Also in the same area, The Yoho Hub developed by Sun Hung Kai Properties (0016) has released the fifth price list, offering 103 homes at an average per sq ft price of HK$21,232 after discounts.

In Cheung Sha Wan, Henderson Land Development (0012) said the first price list of The Symphonie may be unveiled as early as next week.

The project provides 262 units ranging from 261 to 573 sq ft and 85 percent of them have one or two bedrooms, said Thomas Lam Tat-man, a general manager of Henderson's sales department.

Lam added that showrooms may also open to the public next week and the developer has sold 254 flats at The Harmonie also in the same area.

Henderson's other project Caine Hill in Sheung Wan will put seven more flats on the market on Sunday. On offer are five one-bedroom and two studio units, with prices from HK$6 million to HK$8.86 million after discounts.

The builder has raked in around HK$750 million with 100 units sold at the project.

In Lam Tin, Wheelock Properties said its Koko Hills phase 3 could be launched as soon as the end of next month. The project will be developed in two phases, and the first one - phase 3A - offers over 390 homes mainly comprising one- and two-bedroom ones.

In other news, The Hong Kong Institute of Surveyors is proposing to lower the application threshold for compulsory sale to below 80 percent. It said the specific threshold has not yet been finalized but the proposal will need to balance the interests of small property owners and developers.

The HKIS added it plans to submit the suggestions to Development Bureau next month.

The proposal came as two developers applied for the compulsory sale of two industrial buildings in Wong Chuk Hang and Kwun Tong respectively, which combined have a market valuation of around HK$1.2 billion.

A total of 288 flats are on offer in the second round of sales. SING TAO

Grand Mayfair II's second round nearly sold out