Hang Lung Development is offering a package of sweeteners to attract buyers for the re-launch of its Harvest Garden residential project in Tuen Mun. Suspended from sales for about two years, the three-block development is back on the market with furnished units on offer. Hang Lung will first release 40 units at an average price of about $2,800 per square foot, for sale on a first-come, first-served basis on Saturday. To promote sales, the company has offered to pay legal fees and stamp duty charges, which estate agents said made up for the fact that the price was at the high end of market levels. Harvest Garden consists of 408 units in three 17-storey blocks, measuring 593 to 815 sq ft. In 1994, the first 96 units were put on sale at a cost of about $2,700 per sq ft, but buyers' response was slow as the market was then headed for a correction. Sales have been on hold since then. The project was originally an equal joint venture with Nan Fung Development, but Hang Lung bought out Nan Fung's interest to become the sole owner. It now offers car parking spaces at a discounted price of $180,000 each, compared with the regular cost of $280,000. Agents said although the official launch date was Saturday, Nan Fung had already started selling the project's other units to interested buyers. Louis Ng, senior manager of Centaline Property Agency's Tuen Mun district, said buyers would be more interested in smaller units. Estate agents said the new price of Harvest Garden units was higher than the average of secondary market prices in the area. Harvest Garden buyers are required to pay a deposit of $80,000 on purchase and 10 per cent of the price within three days. The 90 per cent balance has to be paid by October 1. Hang Lung will provide 20 per cent top-up mortgage loans to buyers with 70 per cent mortgages from banks. The developer will be responsible for 10 per cent of the first year's monthly instalments on the mortgage, leaving buyers to repay just 60 per cent of the mortgage that year. Buyers will make repayment on 70 per cent of the mortgage in the second year, 80 per cent in the third year and 90 per cent from the fourth year onwards. A price premium of 5 per cent will be charged on the scheme.