Cheung Kong (Holdings) is relaunching sales of remaining homes at Banyan Garden and Sky Tower in Kowloon at original prices and with preferential terms. Sales manager Francis Wong said the company had not raised prices at Banyan Garden in Cheung Sha Wan because it wanted to sell the remaining 95 units in phases one and two as soon as possible. Cheung Kong would release 12 units at an average of HK$2,658 per square foot on Saturday. In an apparent attempt to push buyers to make an early purchase, Mr Wong said the sale of Banyan Garden units would be suspended from the middle of next week. Cheung Kong would then shift manpower resources to focus on the sale of Sky Tower in To Kwa Wan, he said. 'I am not trying to create short-term demand. If buyers do not purchase in the latest Banyan Garden offer, they will have to wait for future launches because the sale will be suspended from next week,' he said. 'When the project is relaunched in future, the prices and preferential terms will not be as attractive.' Mr Wong said the sale of another 760 units in the last phase of Banyan Garden was scheduled for early next year. He said there was room for a price increase of 4 to 5 per cent. About 1,650 units in the first two phases of Banyan Garden had been sold and had generated HK$3.8 billion, he said. Senior sales manager Patrick Ho said Sky Tower units would be released at about HK$3,100 per square foot. Cheung Kong and partner New World Development would give details next week. Mr Ho said a new 25 per cent second mortgage scheme allowing repayments to start in the fifth year was introduced to relieve buyers' initial financial burden. About 350 Sky Tower units have been sold since the launch early this year, generating HK$600 million, he said. Along with the relaunches, Cheung Kong went on the offensive to lessen the attractiveness of rival projects in Tseung Kwan O. Sun Hung Kai Properties will soon launch sales of its Park Central joint venture in the area. Mr Wong said Tseung Kwan O residents paid more to commute to urban areas and had an inferior living environment, because the area was dominated by high-density public-housing estates.