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The Site 2 Development in Kai Tak Area 4C has been officially named as The Knightsbridge.
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The residential project at 22 Shing Fung Road offers 566 flats and is being jointly developed by Henderson Land (0012), China Overseas Land & Investment (0688), New World Development (0017), Wheelock Properties, Chinachem and Empire Group.
The project's sales brochure will be uploaded after the Easter holidays, and about 70 percent of the flats will be sold by tender.
It comprises seven towers and one low-rise building, offering 566 one, three and four-bedroom apartments ranging in size from 351 to 1,942 square feet.
In the luxury market, Wheelock will launch five houses at No 1 Plantation Road on The Peak in the third or fourth quarter. Each will have an area of about 5,000 to 6,000 sq ft.
And Villa Lucca, a luxury development in Tai Po and jointly developed by Hysan Development (0014) and HKR International (0480), has sold 18 units for a total of HK$460 million.
The developers have also unveiled show units for the detached homes.
In other news, Chinachem chief executive Donald Choi Wun-hing maintained the company's forecast that home prices will rise 10 percent in Hong Kong this year, but will take time to recover to the 2018 level.
Unveiling the name are, from left, Empire Group executive director Albert Yiu, Henderson Land general manager of sales (2) department Mark Hahn, China Overseas Property director and general manager Tony Yau, Wheelock vice chairman and managing direct
