Swire Properties has sold 40 units at StarCrest in Wan Chai at an average of $7,600 per square foot.

Senior Sales and marketing manager Wendy Gan said the sales response was encouraging and most buyers were end-users.

Prices achieved yesterday were higher than the previous sale of about $7,000 per square foot last year.

She said the development still had 150 unsold units and that the company was not in a hurry to put them on sale as the supply in the urban area remained tight.

The schedule for the next release was not yet finalised, she said, adding the company would review the prices for the remaining units later.

Yesterday, a 1,158 sq ft apartment with harbour view went for $10,611 per square foot or $12.28 million while another 1,130 sq ft unit with a mountain view sold for $10.39 million or $9,200 per square foot.

Swire offered another 14 units after the first batch of 26 units were snapped up in the morning. Units were offered on a first-come, first-served basis.

StarCrest, at 9 Star Street, is a twin-tower development with 325 apartments of 729 to 1,172 sq ft. It also has four duplexes of 1,902 sq ft.