Cheung Kong (Holdings) says it has not slashed prices at its Deerhill Bay project in Tai Po by a further 10 per cent, following reports buyers were able to negotiate their own deals. 'We are sticking to our price list,' Gerald Ma Lai-chee, the group's sales manager, said. He said the group was considering offers from about 13 buyers who had submitted bids for some of the remaining 80 units in the development at prices 'slightly' below list prices. He said buyers had signed a provisional sales and purchase agreement and had put down a cheque. The developer had not signed its part of the documents and was still considering them, he said. Property agents in the Tai Po area said they knew of deals that had been concluded at prices as much as 10 per cent below the market price of about $8,300 to $9,000 per square foot. 'There are definitely people who have bought at around 10 per cent less,' a Tai Po property agent said. Agents said the developer was not keen to advertise a cut in prices, after having backtracked on a vow last year not to reduce prices at its luxury development. Cheung Kong slashed prices at the development by 20 per cent, due to weak market sentiment. The developer also denied it had appointed agents to help it sell units because of the sluggish market. According to Mr Ma, some buyers had been accompanied to the sales office by local property agents in an effort to negotiate a better deal. He said the company had not appointed any agents to help it sell the units.