OPEN SPACE A PRIORITY IN ROYAL BAY

Emperor Investment is preparing to bring to market the Royal Bay development in Chung Hom Kok, on the south side of Hong Kong Island. Royal Bay consists of five three-storey detached houses, ranging from 2,859 square feet to 4,688 sq ft, with four or five bedrooms. Ricky Poon, executive director of the project's sales agent Colliers International Agency, said that, since the outbreak of Sars in February, open space had become a priority for home buyers. There were 50 transactions of luxury residences last month, among them 28 valued at more than HK$10 million.