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Developers savour Christmas cheer

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Yesterday saw several hundred units in four new residential projects change hands as buyers flocked to Christmas Day sales.

The bulk of sales were recorded by Henderson Land and Hong Kong Ferry's Metro Harbour View development in Tai Kok Tsui.

More than 300 units in Metro Harbour View were sold by early afternoon, Henderson Land general manager of sales Donald Cheung Ping-keung said.

He estimated the end of the day would see 600 units sold, generating about HK$1.5 billion.

The first 28 units for public sale went immediately at an average price of about HK$3,000 per square foot. The price went up for additional units. They were sold at an average price of HK$3,300 per square foot.

Centaline senior associate director Sandia Lau Ying-lam said Metro Harbour View had received a good market response.

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