Henderson Land Development (0012) has received more than 8,000 checks for 185 units at One Innovale-Archway in Fan Ling, making the batch nearly 43 times oversubscribed yesterday.
The second-round sales of 185 flats start tomorrow including 182 units to be sold at fixed prices.
Three other garden units will be open for bids.
Thomas Lam Tat-man, a general manager of sales at Henderson Land, said the earlier first round of sales saw 317 flats sold for a total of HK$1.52 billion.
The average price of the flats in the first round was HK$4.78 million with a HK$14,537 average price per square foot.
The remaining 101 flats in the project will be launched next week in the third round of sales.
Lam said it is possible to deliver the flats in October, judging by construction progress, and the presale consent for phase 2 of the project is expected to be approved in August.
Meanwhile, Sun Hung Kai Properties (0016) received at least 15,331 checks for the third-round sales of 140 units at Novo Land, making the batch 109 times oversubscribed.
This came as SHKP and CK Asset (1113) launched the sixth price list of Grand Jete in Tuen Mun yesterday. The list includes 47 flats with an average price of HK$15,138 per sq ft after a 15 percent discount.
Meanwhile, Chinachem and MTR Corporation (0066) named their jointly developed project in Ho Man Tin as In One. The project will be divided into three phases, with the first phase providing 447 flats.
In other news, the one-month Hong Kong interbank offered rate, a benchmark used for pricing mortgages, rose for the fourth consecutive day to 1.50804 percent yesterday, the highest in two-and-a-half years.
Buyers for One Innovale-Archway. Sing Tao
