CHEUNG Kong Holdings has attracted strong initial response from home-buyers for flats at its University Heights in west Mid-Levels despite depressed market sentiment. The company said the public offer of 60 units in the residential development has received a subscription of almost three times after the first day of registration. More applications were expected in next few days. Registration began yesterday and ends on Thursday. Sales begin on Saturday. The developer did not say whether it planned to put more flats on sale in the light of the good response. Cheung Kong executive director Katherine Hung Siu-lin had earlier said more flats would be put on the market if market response were good. Prices for the first 60 units were pitched at an average of $4,911 per square foot. Cash buyers would get a 10 per cent discount. Estate agents said the sale would probably be well received as the asking price was below that of the secondary market. They predicted the offer would be more than 10 times oversubscribed and said they expected the developer to put more flats on the market. University Heights, which was jointly developed with Hongkong Bank, comprises 444 units in two towers at Pokfield Road in west Mid-Levels. If the project were to be sold out, Cheung Kong could expect to generate about $1.8 billion. Meanwhile, Sino Group said more than 30,000 people visited the show flats at Classical Garden last weekend.