Cheung Kong to raise prices of Caribbean Coast development

Cheung Kong (Holdings) Ltd (0066) executive director Justin Chiu said the company plans to raise the asking prices of units in its Caribbean Coast residential development following recent positive market responses. Chiu said Chueng Kong will have to consult co-developer MTR Corp before deciding on any price hike. Cheung Kong has priced the development at an average of about 2,190 hkd per square foot. Chiu said Cheung Kong has so far sold more than 300 Caribbean Coast units, bringing in about 1.03 bln hkd in cash.

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