Phase 4A of La Montagne in Wong Chuk Hang, jointly developed by Kerry Properties (0683), Sino Land (0083), Swire Properties (1972), and MTR Corporation (0066), may unveil the first price list today, providing at least 87 flats, the developers said.
The price will be set with reference to La Marina in the same area and other luxury projects in the southern part of Hong Kong Island, they said, adding that the first batch will be a "surprise" in pricing and they will adjust the price according to the market response in subsequent batches.
The first price list is expected to include flats with one to three bedrooms.
In Yuen Long, Asia Standard International (0129) has released the sales brochure of High Park I and may unveil the first price list of 125 units this week at the earliest.
The first price list will mainly cover one and two-bedroom units, the developer said. Showrooms will open to the public soon and the sales may take place this month, it added.
The project provides 623 units in total, of which, nearly 70 percent are two-bedroom flats.
This came as Henderson Land Development (0012) said the 82 flats in the third batch of Henley Park in Kai Tak were 84 times oversubscribed after receiving 7,000 checks. The second round of sales may be launched at the weekend, Henderson said. It had raised the price by 1 percent in the latest batch which involves 82 flats from 250 to 649 square feet.
The flats in the third batch are priced at an average of HK$22,163 per sq ft after discounts. That compares to HK$22,148 for the second batch and HK$21,088 for the first.
The completed project offers 740 flats from 250 to 1,558 sq ft with up to three bedrooms.
Executives from Kerry Properties reveal a show flat for La Montagne phase 4A.
