With a cumulative total of 9,957 votes, the second round of sales of 171 units in Phase 2B of SHKP's Siu Hong NOVO LAND in Tuen Mun took place yesterday afternoon, with news that 164 units were sold, representing a sales rate of about 96%. The property sold 516 units in just 5 days.

The development started accepting registrations yesterday. On the spot, over 100 prospective buyers and agents lined up at the lobby on the 3rd floor from 4pm to register and then go up to the sales office and pick the floor, with the queue extending from the 3rd floor to the Sky100 ticketing lobby downstairs.

The sale of 171 units, with saleable area ranging from 277 to 678 square feet, including one to three partitions, at a discounted price of $4,232,000 to $9,366,100.

The sale featured three Group A blocks of 50 units available for sale, followed by a Group B block, with five units sold in the Group A block.

Midland's Chief Executive Officer (Hong Kong and Macau), Mr Bo Siu Ming, said that a large buyer paid $12,874,000 for two two-bedroom units.

=The sale of a 4-bedroom, 2,140 sq ft, two-bedroom apartment on the 19th floor of Block 1, ST. GEORGE'S MANSIONS, a joint venture between Sino Land and CLP Ho Man Tin, was sold yesterday for $119 million, at a price of $55,607 per square foot.

Longwood Group's Providence Peak sold a 2,567 sq.ft. duplex unit on the ground floor and 1st floor of Mansion B with 1,271 sq.ft. garden, 4 bedrooms and 3 suites with storage room, at a price of $49,603 per sq.ft. through tender for $125 million.

Other new developments also took advantage of the market's boom to accelerate the pace of sales. The first batch of at least 80 units, nearly 60 per cent of which are one-bedroom units, including Block 5 with a sea view towards Sunny Bay, will be launched with a "quantity first" strategy, priced close to the market price, and is scheduled to be launched within a month, said Yeung Kwai-ling, Assistant Principal Manager, Sales Department of Cheung Kong Holdings.

Chinachem Group's Sales Director Helen Fung said the sales brochure for Phase IB of The Opposite House at Ho Man Tin Station, which is being developed in partnership with MTR, has been uploaded, offering 183 units, with prices to start next week at the earliest.

She said that Phase IB of The Opposite House consists of one residential block with a range of one-bedroom to four-bedroom units with a usable area of 336 to 1,234 square feet.

Mr Wong Kwong-yiu, Vice Chairman and Managing Director of Wheelock Properties, said that a total of 306 units were sold in the first two sales rounds of KOKO ROSSO, generating $2.43 billion in cash, with the majority of the remaining units being sea view units, which will be reserved for the sale of the existing flats next year.

KOKO HILLS Phase 3B has just been approved for sale, and the Group will take advantage of the situation to speed up the pace of sales, with naming the project next week at the earliest and expecting to implement sales arrangements within March.

KOKO HILLS Phase 3B offers 444 units, over 99% of which are one- and two-bedroom units with a usable area of 300 to 490 square feet. Over 60% of the units enjoy sea views of Victoria Harbour and Lei Yue Mun, which is expected to attract car buyers and small families.

Mr Wong also said that the Group had achieved good sales results this year and together with its joint venture projects, it had sold 418 units so far, generating $4.75 billion in cash, which is already half of last year's total.