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Cheung K scrolling light box ong offers 5% discount on units in Celestial Heights
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Cheung Kong offers 5% discount on units in Celestial HeightsPublished: 16 Sep 2009 01:29:33 PST

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Sep. 16, 2009 (China Knowledge) - Cheung Kong (Holdings) Ltd<0001>, which is a major property developer in Hong Kong and is owned by business tycoon Li Ka-shing, intends to sell apartments in Celestial Heights Phase Two at a 5% discount on Sep. 19, bringing its lowest sales price to HK$15 million per unit or HK$10,000 per square foot of floor area, sources reported.

Francis Wong See Chung, director of the Hong Kong-listed company, said that the 1,491-sq ft apartments on the ninth floor will be priced at HK$15 million after the discount, or about HK$10,000 per sq ft.

He added that the company will sell some highly in-demand three-bedroom units that have sizes ranging from 1,200 sq ft to 1,400 sq ft.

Tomorrow, Cheung Kong will begin accepting pre-subscriptions from buyers who would like to acquire more than three units for a total of HK$87 million at least.

Celestial Heights, which is located in Ho Man Tin, Kowloon, Hong Kong, has 439 flats in total. The real estate developer plans to offer about 100 units in the project for sale this year. The remaining 300 flats will be put on sale in the first half of 2010 or in 2011.



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