Swire Properties has appointed agents to sell 15 of 90 remaining flats in Island Place at about $6,200 per square foot, down about 40 per cent on the previous sale in June last year.
The company has brought in Midland Realty and Centaline Property Agency to help re-launch the remaining units of the development in North Point.
Property agents said the average price of the 15 units on the 19th and 25th floors of Island Place was $6,115 per square foot.
They said the sharp adjustment in pricing from last year's $10,593 per sq ft was within expectations and in line with overall market correction.
Midland's Island Place assistant sales manager Gary Lee said the price was at market rates and should attract genuine buyers.
However, he said the response would not be strong as market sentiment remained weak.