University Hill Phase 2B in Pak Shek Kok, Tai Po under SHKP (016) is a hot new property in the New Territories. SHKP's Acting General Manager, Mr. Jacky Wu, said the project has just uploaded the sales arrangement and the first round of sale of 183 units is scheduled for this Saturday (13th), of which 160 units will be sold on a price list basis.

The 160 units will be sold at a discounted price of $3,325,000 to $10,704,000 for open-plan to three-bedroom units at a discounted price of $13,112 to $19,117 per square foot, with a discounted average price of $15,989 for the entire batch. The market value of the units in this batch is approximately $1.15 billion at the fixed price.

The entry unit is Unit A6 on Level 1, Block 2, Yau King Court, with a saleable area of 218 square feet and open partition, at a discounted price of $3,325,500, or $15,255 per square foot.

The sale will follow the 2A phase sale format, with a Block A block for buyers of 2 to 4 units, followed by a block of 3 units, and a Block B block for buyers of 1 to 2 units.

In addition, 23 units with saleable areas ranging from 290 to 936 square feet were put up for tender on Saturday, of which 16 units were garden or rooftop units. Mr Wu added that University Hill has sold more than 350 units so far, generating nearly $2.5 billion in cash.