ABOUT half of Lai Sun Development's remaining units at Blessings Garden in Mid-Levels have finally come on the market after a delay of five months. To promote sales and attract buyers, the long-awaited public launch has been sweetened with lower pricing and the provision of better mortgage and payment arrangements. The average price of the 32 units on public offer, which will go on sale on a first-come, first-served basis on Saturday, is $6,046 per square foot, on lump-sum payment. In June, the company envisaged selling the flats at about $6,500 per sq ft. Analysts said the current offer price was 36.4 per cent lower than the developer's last sale at about $9,500 per sq ft in March last year. Swire Properties recently sold the remaining units of nearby Robinson Place at about $6,700 per sq ft while Henderson Land raised prices of its Fairview Height to $6,500 per sq ft. Estate agents therefore expected to see an enthusiastic response to Lai Sun's sale of Blessings Garden due to attractive pricing and payment arrangements. Raymond Chan, sales manager at the Robinson Road branch of Midland Realty, said Lai Sun had spent more than $10 million on renovating the main lobby and external wall of the building. He expected buyers to snap up most of the units on the first day of sale, after which the developers might release more units. Lai Sun is still holding back about 50 flats. Lai Sun director and senior vice-president Julius Lau said the company had allocated 16 units for internal sale and more than 10 units were reserved. He said it offered a 20 per cent interest-free, top-up mortgage loan for buyers who would not be required to make repayment on the top-up loan for two years. Buyers using the top-up loan facility will pay a seven per cent premium on the price. On the staggered payment scheme, buyers are allowed to complete purchase within six months but they will pay a four per cent premium for this. Blessings Garden comprises two 29-storey residential towers. Phase one, owned by Lai Sun, contains 174 units of 1,031 to 1,106 sq ft and 156 car parking spaces. The other tower is owned by New World Development. Lai Sun repossessed about 40 units from buyers who defaulted on their payments after purchasing the units at peak prices last year. With a price of about $6,000 per sq ft for the latest Blessings Garden sale, analysts said Lai Sun would still make a profit on the project, subject to the selling price of the remaining units and car-parking spaces. In the latest sale, there is a large price gap between low-level and high-level units. The cheapest units, on the first floor, are selling at about $4,306 per sq ft. The most expensive units, on the top floor with a 782 sq ft roof area, are being offered at up to $8,466 per sq ft. DEVELOPMENT: Blessings Garden phase one, No 95 Robinson Road, Mid-Levels DEVELOPER: Lai Sun Development UNITS ON SALE: 32 SIZE OF FLATS: 1,031 to 1,106 sq ft AVERAGE PRICE: $6,046 per sq ft on lump sum payment DATE OF OFFICIAL SALE: Saturday TOTAL NUMBER OF FLATS: 174 OCCUPATION DATE: October 1995 SALES AGENT: Lai Sun Real Estate Agency FACILITIES: Podium garden, children's play area, outdoor swimming pools and six-storey car park. PAYMENT SCHEMES: Initial deposit $400,000. Lump sum payment: 20 per cent down within seven days, with balance due within one month. Top-up mortgage scheme: 10 per cent down within seven days, with balance due within one month - 70 per cent from banks and 20 per cent five-year interest-free loan from the developer. Staggered payment: 15 per cent down within seven days, five per cent within two months, further five per cent within four months, balance due within six months.