Hong Kong property developer, Cheung Kong Property Holdings, has managed to sell 60 of its 390 condominium units at Stars of Kovan at an average price of $1,408 psf. The units were sold during its two-day VIP pre-sale event held over the May 21 and 22 weekend.

The developer has decided to extend the VIP discount of 5% until the weekend of May 28 and 29. Cheung Kong say it may revisit or discontinue the offer anytime without prior notice.

Located at the junction of Tampines Road and Upper Serangoon Road, Stars of Kovan will have 390 condominium units, five strata houses and a single-storey commercial block with 46 strata shop units. The 99-year leasehold project is scheduled for completion in 2020.