Tai Cheung (Holdings) plans to finalise the pre-sale schedule of its two residential developments in Tuen Mun after the movement of interest rates becomes clearer. Executive director Simon Li Wing-san said Tai Cheung would monitor today's meeting of the Hong Kong Association of Banks to see whether interest rates would be raised. The company earlier said it would release two residential developments - wholly owned Parkview Court and 20 per cent-owned Nerine Cove - for pre-sale in the second half of the year to generate an estimated revenue of $1.3 billion. Nerine Cove, providing 1,264 units, could be released anytime as it already secured pre-sale consent from the Government. The company preferred to launch the developments after the removal of market uncertainties, Mr Li said, adding home-buying interest would return after the summer holiday, traditionally a low season. He expected leading banks were likely to raise interest rates by 25 basis points following the trend in the United States. An interest rate rise would not adversely affect the market but it could have a psychological impact on home buyers, he said. Home buyers' interest expenses would not significantly increase even if banks raised interest rates by 25 basis points, he said. He said prices of the two developments had yet to be finalised but expected they would be launched at about $3,000 per square foot to $4,000 per square foot, subject to market sentiment.