Owing to both low savings rates and mortgage interest rates, more users are interested in the project atop the Wu Kai Sha MTR station, according to Salenda Lau, Sino's general manager of sales and marketing.

The property developer has received more than 6,000 inquiries so far.

Lau said the project has attracted interest from all over Hong Kong, with 61 percent of visitors coming from nearby areas and 39 percent from Kowloon and Hong Kong Island.

For the first 50 buyers, Bank of East Asia (0023) will fix a mortgage rate of 1.7 percent for the first year.

Sino said previously that it intends to sell flats at HK$6,000 per square foot.

An older project in Ma On Shan, Monte Vista, is selling at around HK$3,500 psf on average.

Sino Land is expected to release the first price list of Lake Silver shortly.

Separately, Henderson Land (0012) said it has sold nearly 130 homes at a new project, 8 Royal Green, in Sheung Shui since its Friday launch. They were sold at an average of HK$3,700 psf, according to sales general manager Thomas Lam Tat-man. The company has recorded HK$4,400 psf as the highest price so far.

It has generated HK$330 million in revenue from the flats sold.

It plans to raise prices by 5 percent this week. Lam said Henderson Land will halt sales when half of the total of 362 units are sold. The company will lift prices by 15 percent when the project is relaunched.

The flats in the first batch were offered at an average of HK$3,593 psf, starting from HK$3,398 psf.

There were 48 deals in the 10 largest housing estates over the weekend, down 19 percent from the previous weekend, according to Midland Realty.

The agent attributed the fall to the bad weather and attention shifting to the primary residential market.