After the Easter holidays, the pace of sales for new developments in the urban focus has resumed.

KOKO MARE, a new development in Lam Tin by Wheelock Properties, is set to sell 98 units in a second round this Saturday (April 15) at a discounted price of $5,898,000, following the launch of 58 units in price list No. 4 during Easter.

Mr Wong Kwong-yiu, Vice Chairman and Managing Director of the company, said that KOKO MARE has been selling well since its launch, with 106 units sold so far, accounting for 77% of the available units and a total of about $890 million in cash.

The 98 units in KOKO MARE are located in Blocks 8 and 9, of which Block 9 is the first sale. The units range in size from 310 to 529 square feet and are all one-bedroom and two-bedroom units with a discounted price of $5.898 million to $11.097 million and a discounted average price of $17,708 to $23,965 per square foot. The total value is approximately $780 million.

The entry unit is a 1-bedroom flat on the 5th floor of Block 9 with a saleable area of 310 square feet at a discounted price of $5,898,000 per square foot and a discounted price of $19,026 per square foot.

The flat with the lowest price per square foot is Flat G on 7/F, Block 9, a 2-bedroom flat with a saleable area of 500 sq ft at a discounted price of $8,854,000, or $17,708 per square foot.

The most affordable two-bedroom unit is Room K on 8/F, Block 9, with a saleable area of 416 sq ft at a discounted price of $7,616,000, or $18,308 per square foot.