Last Friday, Cheung Sha Wan's CADENZA, a subsidiary of Cheung Kong and the Urban Renewal Authority (URA), reduced the price of 10 units by more than 10%. Yesterday, it was announced that the last 22 units to be sold this Friday would be increased from 10 to 18 by way of a price list, extending the reduction to 18% for individual units, which is nearly $3 million.

Since the announcement of the price cut, the show flats of the existing Bel-Air building have been attracting a large number of prospective buyers over the past few days.

Cheung Kong's Senior Sales Manager Mr. C.H. Leung said the new price list is a response to the market's need for greater clarity and convenience, as the response to the weekend viewing was positive.

This Friday, 18 units of split-level units and 4 units of rooftop units will be offered for sale on the price list.

The units to be sold on the price list range from $11.79 million to $13.465 million in saleable area and $15,000 to $17,464 per square foot in discounted price.

The most drastically reduced unit is a 3-bedroom flat with sea view on 39/F, Block 5, with a saleable area of 771 sq ft, originally at a discounted price of $16.235 million, but the latest discounted price is $13.266 million, a reduction of about $2.97 million and a price of $17,206 per square foot.

Oasis consists of four residential towers at 201, 203 and 218 Hoi Tan Street, offering a total of 876 units, mainly two-bedroom units, with the smallest units starting from 473 square feet.

The project is conveniently located just 6 minutes away from the Sham Shui Po MTR station and is surrounded by a wide range of amenities.

Although the property market has turned robust and first-hand transactions have rebounded, some developers have continued to reduce prices to boost sales of their last units, which has become the focus of the market.

Last Friday, Cheung Sha Wan's CADENZA, a subsidiary of Cheung Kong and the Urban Renewal Authority (URA), reduced the price of 10 units by more than 10%. Yesterday, it was announced that the last 22 units to be sold this Friday would be increased from 10 to 18 by way of a price list, extending the reduction to 18% for individual units, which is nearly $3 million.

Since the announcement of the price cut, the show flats of the existing Bel-Air building have been attracting a large number of prospective buyers over the past few days.

Cheung Kong's Senior Sales Manager Mr. C.H. Leung said the new price list is a response to the market's need for greater clarity and convenience, as the response to the weekend viewing was positive.

This Friday, 18 units of split-level units and 4 units of rooftop units will be offered for sale on the price list.

The units to be sold on the price list range from $11.79 million to $13.465 million in saleable area and $15,000 to $17,464 per square foot in discounted price.

The most drastically reduced unit is a 3-bedroom flat with sea view on 39/F, Block 5, with a saleable area of 771 sq ft, originally at a discounted price of $16.235 million, but the latest discounted price is $13.266 million, a reduction of about $2.97 million and a price of $17,206 per square foot.

Oasis consists of four residential towers at 201, 203 and 218 Hoi Tan Street, offering a total of 876 units, mainly two-bedroom units, with the smallest units starting from 473 square feet.

The project is conveniently located just 6 minutes away from the Sham Shui Po MTR station and is surrounded by a wide range of amenities.