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(From South China Morning Post)
Byline: Sophia Wong and Kenneth Ko
Cheung Kong (Holdings) sold 420 units of its Banyan Garden phase two in Cheung Sha Wan within three hours last night, shrugging off concerns over cautious market sentiment.
It marked another encouraging property sale following Sun Hung Kai Properties' sell-out of 2,569 units at Park Island, Ma Wan, last month.
Cheung Kong said prices of the 420 units sold at yesterday's public sale averaged HK$3,250 per square foot, with high-level sea-view units fetching HK$3,800 per square foot. This compared with HK$2,718 per square foot for the initial 20 units on offer.