The two-day sale of 19 units of Fanling ONE INNOVALE-Cabanna (0012), with a total of nearly $90 million, was completed on the 7th floor of Block D, room 11, with an area of 318 square feet, at a price of $4,517,000, or $14,204 per square foot.

As for Kau Kin (0034), 10 transactions were recorded at Hoi Yin Estate in Tseung Kwan O, including a 280 sq ft flat on the 10th floor of Block 2 at $5,396,000 and $19,271 per square foot.

The turnaround in the market has also attracted luxury buyers, with Kerry (0683)'s Penge Hill luxury property, Tee Shan, selling a 1,699 sq ft, 3-bedroom, 3-bedroom flat on the second floor of Block 2, with a car parking space, for $70,928,000 at $41,376 per square foot in a tender yesterday.

The project has sold 41 units so far, accounting for more than 90% of the total development, with over $6.5 billion in cash and an average transaction price of over $60,000 per square foot, leaving 4 standard strata units for sale.

Cheung Kong (1113) announced a price cut of up to 16% to promote the end of Oi Hoi Son in Sham Shui Po, and opened the show flats in the existing building since last Saturday.

According to Cheung Kong's Head of Sales Department, Mr. Kwok Chi-wai, the response on Saturday and Sunday was not bad, with an estimated total of about 300 visitors on both days.

More than 50% of the visitors were from the Kowloon area, 35% were from the West Rail and 15% were from Hong Kong Island.

Oi Hoi Son will offer the last 22 units on a first-come-first-served basis and by tender this Friday (10th) as originally planned.