24 May '16, 12pm

Despite a strong turnout at their $10M showflat, Stars of Kovan saw weak sales.

Large crowds turned up at the Stars of Kovan showflat over the weekend, but this didn’t translate into strong sales. (Photo: Cheung Kong Property) Hong Kong developer Cheung Kong Property sold 15 percent, or 60 of the 395 residential units at its much talked about Stars of Kovan mixed-use development over a two-day VIP pre-sale event last weekend. The one- to three-bedroom units, which range in size from approximately 506 sq ft to 1,023 sq ft, were sold from $666,400 to $1.41 million. The 99-year leasehold project has an average price of $1,408 psf. These figures include a five percent early-bird discount and up to $20,000 off the price list, which was only made available on both days. But it may be extended depending on demand. “We may revisit the offer and discontinue it at any time as we see fit,” said Francis Wong, Director of Property Enterprises Development, an arm o...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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