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The 180 apartments have a combined floor location of almost 245,000 sq ft. So renting a flat on 25 floor is not some thing unusual for China. The brokerage had been expecting a ten per cent decline by the end of next year but has now revised downwards to 15 per cent for 2015, given the boost in US Treasury bond yields and the Hong Kong government's choice to bring forward the presale of units due for completion next year.

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Replying to a question from MP for Sembawang GRC Lee Wee Kiak in Parliament on Monday, Ms Fu mentioned that in the second quarter of this year,