The Sino Group has established a relatively bullish sentiment towards the current launch of its luxury residential joint venture The Regalia in King's Park Rise, near Tsim Sha Tsui.
Despite being released at a premium price of about $10,000 per square foot or more, the first batch of 36 units on offer is expected to draw a respectable buying response.
More than 20,000 people visited the project's show flats over the weekend.
On offer are 34 standard units of 995 to 1,323 sq ft at $9,859 per sq ft and two penthouse units of 1,965 and 2,205 sq ft at $11,841 per sq ft.
The Regalia comprises a total of 302 units in four 20-storey towers. Registration of prospective buyers started on Monday and continues until tomorrow. The first 36 units will go on sale on Saturday.
Although the selling prices are above the secondary market prices for older flats in the neighbouring Ho Man Tin area, estate agents said the prices were still at reasonable levels.
