HENDERSON Land Development Co and Swire Properties are raising prices for their residential property projects after noting the improved sentiment in the market. Henderson is offering flats at its Fairview Height development in Mid-Levels at a higher-than-expected price of $5,982 per square foot next week. It has raised prices by four to six per cent in two other projects - Lagoon Court in Tai Po and Flora Plaza in Fanling. Swire will offer 21 units at Robinson Place in Mid-Levels on Monday at an average of $6,993 per square foot, 5.4 per cent higher than last Friday's sale of 24 units. Analysts said the higher prices could signal an end to the price war among developers. They said housing prices were apparently stabilising after falling 30 per cent. Last Sunday, Wheelock Properties sold all 238 units at its joint venture Parc Royale in Sha Tin, despite raising prices about nine per cent. Henderson senior property manager Donald Cheung said market sentiment had improved recently and activity in the secondary market had picked up in the past few weeks. He said Henderson would sell 36 units of Fairview Height, measuring 470 to 681 sq ft, on Tuesday on a first-come, first-served basis. Estate agents said the market had originally expected a price as low as $5,000 or so for the project, but improved market sentiment had encouraged the developer to become more aggressive in its pricing. For Lagoon Court, Mr Cheung said the initial offer of 40 units at $3,470 per square foot was oversubscribed by buyers, so it would release 16 more units for sale. He said the prices of the extra units would be about four per cent higher. Registration for buyers was to end today, and the units would go on sale on Sunday. Henderson is to launch the sale of 128 units at Flora Plaza, a joint venture with Chinachem Group, on November 12. The average price is $3,030 per square foot, about six per cent higher than the last sale earlier this month. Registration for prospective buyers is set down for between November 3 and 10. Mr Cheung said Henderson had sold more than 800 units at Flora Plaza, a 2,710-unit development. In the latest offering, buyers could secure up to 90 per cent mortgages under a new finance scheme, where the developers would provide 20 per cent top-up mortgages and borrowers would not need to make repayments in the first three years for it, he said. He said this special mortgage lending scheme was used because it proved to be successful and helpful to home-buyers. Buyers taking up the top-up option would have to pay a 6.5 per cent premium in price.