Cheung Kong will be the first to offer its residential project in Tseung Kwan O for sale following the government's recently announced regulations on property sales disclosures.

The developer yesterday unveiled the price list for 33 units at Le Prime, the second phase of the Le Prestige development, which is being offered at HK$4,659 to HK$5,351 per sq ft of gross floor area.

To comply with the new regulations, Cheung Kong also provided a list of prices based on the saleable area (the internal flat area plus the balcony and utility platform) that ranged from HK$6,131 to HK$7,067 per sq ft. That is about 30% higher than the price per square foot of gross floor area that includes common areas.

South China Morning Post