Home buyers ignored higher interest rates and new anti-speculation measures yesterday, snapping up all 1,008 units on sale at Discovery Park phase two, Tsuen Wan, in record time. New World Development and HKR International said the units in their joint venture project were sold out by 7pm last night. A developer's spokesman said another 112 units allocated for internal sale also sold out before the public sale, raising $4.5 billion in revenue for New World and HKR International. Estate agents said the strong sales indicated buyers were not daunted by yesterday's 0.25 percentage point rise in lending rates. They said banks fought to lure home buyers with attractive mortgage packages. 'Home buyers were swamped by banks' staff instead of property agents in the sales office,' Centaline Property Agency (Tsuen Wan District) assistant sales manager Cheung Mei-kuen said. There were 16 banks offering mortgages at rates as low as the prime rate to home buyers of Discovery Park. Miss Cheung said property speculators had been turned away by the developers' new sales method of giving individual buyers priority. Only 10 per cent of prospective buyers were registered in company name. Prices rose from the first 98 units' average of $6,075 per square foot to $6,987 per square foot for the last batch of 312 units offered.