WHEELOCK Properties sold all 54 flats on offer at its Bailey Garden in Hunghom yesterday.
Estate agents attributed the strong buyer response to attractive pricing and generous mortgage terms, and expected the developer would raise prices for future offers.
The 54 units, measuring 486-639 square feet, were offered at an average price of $4,306 per square foot, down 31.7 per cent from the previous sale in April last year.
More than 100 potential buyers queued overnight for yesterday's sale, some having waited since Tuesday.
Wheelock managing director Ray Tse Chee-on said the enthusiastic response reflected underlying demand for quality flats in urban areas.
Wheelock was considering the release of more units to meet demand and had registered another 60 prospective buyers who missed out yesterday, he said.