A Sun Hung Kai Properties (SHKP) led consortium has had a strong response to its residential project Park Central in Tseung Kwan O with more than 600 units taken in a week.
Property agents said the sales tended to confirm the belief that the beleaguered residential market could be close to bottom.
This was considered particularly so since the project was not cheap - averaging HK$3,200 per square foot.
An estimated 1,800 prospective buyers were registered.
There have also been good responses to other large-scale projects launched recently, including Villa by the Park in Yuen Long and Caribbean Coast in Tung Chung.
An SHKP official said more than 300 Park Central units were sold during yesterday's public sale. A further 100, mainly 900 sq ft units, were almost fully taken at yesterday's internal sale.