Sun Hung Kai Properties sold 64 flats in the sixth and final-phase release of its Park Island development over the weekend, generating sales revenue of about HK$800 million. Selling prices for the flats in the AnaCapri complex ranged from HK$7,068 per square foot to HK$13,300 per square foot. The developer earlier had unveiled the target price of HK$10,000 per square foot for standard units in the development. However, the HK$7,068 price tag was still about 28 per cent above the HK$5,500 average transaction price realised in the secondary market in Park Island, agents said. About 50 per cent of buyers already owned flats at Park Island, 30 per cent were tenants in the complex, and the remaining 20 per cent were end-users mostly living on Hong Kong island, according to Victor Lui Ting, an executive director at Sun Hung Kai Real Estate Agency. AnaCapri comprises 65 flats in three seven-storey blocks, including 11 ground-floor homes with garden areas ranging from 689 square feet to 4,393 sq ft. Six of the ground-floor units also come with private pools. The project is due to be completed early next year. Lui said that the last unit would be sold when the development was completed. The first batch of units in the Park Island complex was sold in 2002 at HK$2,255 per square foot. Cheung Kong also sold more than 20 flats in its Festival City development in Tai Wai on Saturday, with prices averaging more than HK$9,000 per square foot. In the secondary market, 62 flats were sold at 10 selected major housing estates over the weekend, down 6.1 per cent compared with the same period a week ago, according to property agent Midland Realty. Midland Realty director Sammy Po said the decline was partly prompted by increased asking prices from owners. Po said some flat owners were seeking to take advantage of improved buying sentiment by raising prices above the level that many buyers were willing to pay. Sales in the secondary market picked up last month, with 3,428 transactions lodged with the Land Registry, up 26 per cent from January's 2,721.