Private developer Wincome Group will test sentiment in the luxury market with the release of two townhouses on The Peak at asking prices of more than $12,000 per square foot.
Wincome sold three houses in the same 10-unit development, at 74 Mount Kellett Road, late last year for about $9,000 per square foot.
Financial controller Herman Wong said the two were being released at higher prices because of improved sentiment.
Mr Wong expected buyers to submit lower bids but there was a limit to how flexible the developer would be.
He said: 'I doubt that we would sell the units for much lower than we are asking. We anticipate we will get $12,000 per square foot.
'Swire was able to sell one of their duplexes in StarCrest in Wan Chai for over $10,000 per square foot.