Sino Land, the Hong Kong builder controlled by the family of billionaire Ng Teng Fong, will raise prices at its Lake Silver development by as much as 5% tomorrow after selling more than 1,600 apartments since 27 May.

The average selling price so far is about HK$5,500 ($710) per square foot, Helen Ip of Sino’s sales and marketing said today by phone, citing General Manager Salenda Lau. The Standard newspaper reported the sales numbers and price increase earlier., South China Morning Post