Kerry Properties will sell the final residential block of its Central Residences in Shanghai later this month, aiming to tap growing property-buying interest in China.
It expects to receive sale proceeds of HK$460 million if the entire building is sold.
Fanny Leung, marketing director of Kerry Properties Development Management (Shanghai), said between 20 and 30 units at Tower Five of the project would be offered for internal sale at the end of this month with an average price of US$2,000 per square metre.
Ms Leung said about 50 prospective buyers had expressed interest, most of them expatriates.
She said a public sale would be held in Hong Kong and Shanghai next month, where 50 units to 80 units would be released.
Central Residences Tower Five has 203 units of 137 square metres to 153 sq metres. It is expected to be complete in June next year.