Kerry Properties (0683) yesterday priced two of its special units at Lions Rise, Wong Tai Sin, at more than HK$22,000 per square foot.
The two of 24 special units are sized at 1,790 square feet and 1,625 sq ft and priced at HK$27,933 psf and HK$22,646 psf respectively. They also include a 1,300 sq ft balcony.
"At least three of the special units will be priced at more than HK$30,000 psf," Semy Ng Mai-shan, general manager for marketing at Kerry Properties, said.
If units priced above HK$30,000 psf are sold, they will set a new record for the West Kowloon district.
Eighty percent of the flats, or 780 units have been sold so far, generating HK$7 billion.
Another HK$2 billion is expected to come from sales of the remaining 180 flats.
Also yesterday, Henderson Land (0012) released 44 units at its Double Cove project in Wu Kai Sha. They are expected to be put on the market Sunday.
Of the 44 flats, 32 two-bedroom units are priced 2.5percent higher at HK$8,797 psf from the previous batch.
Another 12 special units are priced at HK$9,281 psf to HK$11,123 psf. Currently, a total of 370 units have been sold.
Separately, Sun Hung Kai Properties (0016) priced another 85 units at its Century Gateway project in Tuen Mun at an average HK$8,514 psf, up 3.6percent from the previous batch.
Approximately 170 units have been sold so far.
Speaking about the home market, Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung said he does not think the latest round of quantitative easing in the United States will have any impact on the local property sector.
"Capital from the States is unlikely to flow into the market as property purchase is a local investment." Chan said.