Sun Hung Kai Properties (SHKP) has released 23 flats at its Hillview Court development in Clearwater Bay Road, Sai Kung, at about $4,960 per square foot for cash payment. SHKP sales manager Alfred So Chung-keung said the response had been positive with some units sold already, but he would not disclose exact numbers. He said additional units would be offered for sale in view of the good response. Hillview Court comprises 115 units in six five-storey blocks. Units on sale measure 1,089 to 1,570 sq ft. Units are priced from $4.94 million to $8.27 million. Mr So said the project was aimed at drawing buyers and the price was slightly below market prices. SHKP also offered preferential payment terms as sweeteners, providing buyers with a top-up mortgage of up to 15 per cent. Buyers using the extra mortgage needed to pay a 5 per cent premium. On staggered payment, buyers would be allowed to pay deposits in stages and complete the purchase upon occupation next year. They could also choose to delay completion for 12 months provided they paid interest for the balance of the flat's value during the period. Buyers using this scheme needed to pay an 8 per cent premium.