THE sale of Cheung Kong Holdings' second batch of flats in Laguna City is turning out to be just as big a hit with buyers as its first sale. After the first day of registration, estate agents believe Cheung Kong has received about 100 applications from prospective buyers for the 104 apartments available. The total is expected to swell today and tomorrow, when registration closes, further buoying confidence in the Hong Kong property market following after recent declines. A computerised ballot to decide which applicants will be alloted flats is expected to take place tomorrow night, enabling sales to begin at the weekend. The first batch of 128 flats was sold out in a day on Saturday after being 5.5 times oversubscribed. Cheung Kong has raised its average asking price by 4.4 per cent this week to $6,270 per square foot. However, investors seem undeterred. The latest batch of flats is in a slightly better location, but Cheung Kong says it is trying to establish how far prices will climb. The success of last week's Laguna City sale has done much to increase confidence in Hong Kong's otherwise depressed residential property market. Estate agents have reported resurgent interest in home buying over the past few days on the secondary market, as fears of a possible crash in prices seem to fade.