The second round of 191 units in University Hill Phase 2A at Pak Shek Kok, Tai Po, was put up for sale yesterday, with another 25 units put up for tender, and sources said that the units were sold out by 5.30pm yesterday.

The developer then uploaded the sales brochure for University Hill Phase 2B in the evening, and is expected to open prices today at the earliest.

SHKP deputy managing director Lui Ting said he believes most buyers now confirm that the US interest rate will soon peak, in other words, the pressure on the property market is relatively small.

He also said that the recent positive economic data and the sell-off of University Hill yesterday, which saw a sell-off of 10,000 people, continued to strengthen people's confidence in home ownership.

Daniel, who lives in Sha Tin, bought a two-bedroom flat for his own use at a cost of $8 million.

He said he was not too worried about the impact on his mortgage payment as he was expecting another interest rate hike from local banks.

Another first-round EAST buyer, Miss Shao, who lives nearby, also said she had considered the interest rate hike before buying the property and felt that the price of the project was reasonable and she could afford it and wanted to live in a new building, so she entered the market.

However, Mr Ho, a young buyer who is also a first-time buyer, said that the interest rate hike would have a big impact on his mortgage payment burden, but he had already done the maths, and with his wife making the mortgage payment together, he believed he could cope with it and bought a three-bedroom flat for self-occupation, opting for the building term.

As for why he chose the property, he said that on the one hand, his family lives in Tai Po and on the other hand, he is optimistic about the prospect of having the MTR station next to him in the future.

With good sales, SHKP then uploaded the sales brochure for University Hill Phase 2B yesterday evening, offering 688 units ranging from 218 to 936 square feet, some with rooftops or gardens.

In other new property transactions, EIGHT STAR STREET in Wanchai, a subsidiary of Swire Properties, sold unit 21A at $43.5 million for 913 sq ft at $47,645 per square foot through tender.

In addition, Kowloon Development's Hoi Yin Estate in Tseung Kwan O recorded two sales of units on the podium by tender yesterday, namely Unit B1 on Level 2, Block 1, with 266 sq ft at $5,492,000 and a price of $20,647 per square foot, and Unit C6 on Level 1, Block 2, with 259 sq ft at $5,710,000 and a price of $22,046 per square foot.