CHEUNG Kong (Holdings) is releasing more flats at its Kingswood Villas for sale, taking advantage of favourable sentiment following last weekend's immediate sell-out of about 1,000 units at the Tin Shui Wai project.
The developer will sell 128 units at Block 14 of Kenswood Court, the phase seven development of Kingswood Villas.
The average selling price is $2,164 per square foot on staggered payment, which is 2.5 per cent up compared with the average of $2,115 per sq ft for last weekend's offering.
A Cheung Kong spokesman said the price was increased because the flats at Block 14 commanded better views than the units sold in the previous batch.
On lump sum payment, the selling price for the latest batch is $2,034 per sq ft, while buyers using a co-finance payment scheme have to pay a premium of about five per cent.
The units at Block 14, scheduled for occupation in December, will not be available on a first-come, first-serve basis, but will be offered under a pre-sale consent scheme.