New developments in the New Territories are selling like hotcakes, while urban developments are taking advantage of the situation. KOKO MARE, Phase 3B of WPL's KOKO HILLS series in Lam Tin, launched an additional 45 units at a discount of $6.668 million on Saturday.

The units in Block 9, comprising 3 one-bedroom units and 42 two-bedroom units with saleable areas ranging from 316 to 500 square feet, are priced from $7,577,000 to $11,683,000 at $19,712 to $27,044 per square foot, with an average price of $22,006 per square foot; after deducting the 12% discount, the discounted prices range from $6,668,000 to $10,282,000 at $17,348 to $23,801 per square foot. The discounted selling price ranges from $6,668,000 to $10,282,000, at a discounted price of $17,348 to $23,801 per square foot.

A total of 98 units will be sold on a first-come-first-served basis on Wednesday (31), together with some of the units on the previously announced price list, with the admission of Unit F on Level 3 of Block 9, a one-bedroom unit with a saleable area of 310 square feet at a discounted price of $5,878,000. The price per square foot is $17,028.

KOKO MARE is a rare urban development with sea view. 192 units have been sold since its launch last month, accounting for 81% of the available units and generating $1.59 billion in cash. Together with KOKO ROSSO Phase 3A, 500 units have been sold in just three months, generating a total of $4.04 billion.