K Wah International Holdings tells LuxeHomes it plans to price its new luxury property, Chantilly, in Stubbs Road 'with reference' to the Nicholson Hill Road site which was sold in a government auction in July. The Nicholson Hill Road site fetched HK$32,014 per square foot. K Wah is reportedly looking for an average of about HK$40,000 per square foot. The property offers 24 apartments, one on each floor, with the 3,600 sqft units sharing a clubhouse with a swimming pool. K Wah says the design concept is inspired by Chateau de Chantilly in France. The most recent new luxury property development in Happy Valley was Hopewell Holdings' Broadwood Twelve, which launched in June. Homes in the project, with 78 apartments on 45 floors, have been selling at more than HK$20,000 per square foot.