Staff reporter

Weekend sales of new homes in Hong Kong sizzled ahead of the annual budget address on Wednesday, with Hava in Yuen Long selling all 250 flats on the same day of its launch.

Hava's developer Kerry Properties (0683) had received more than 14,000 subscriptions for the 250 flats on offer, making them 56 times oversubscribed.

They were priced from HK$2.65 million to HK$5.06 million or HK$8,898 to HK$13,558 per square foot after discounts.