The Local Property Market: Cheung Kong's 'BLUE COAST' in Wong Chuk Hang focuses on three-bedroom units, set to go on sale as early as this month.
Cheung Kong Property Holdings is collaborating with MTR Corporation to develop the "BLUE COAST" project on the south coast of Hong Kong Island, with plans to launch sales and start selling units in the short term. The project will offer 642 residential units, with a focus on three-bedroom layouts. Units A, B, C, and D in Block 1A are the "penthouse" units, totaling 118 units, featuring large three and four-bedroom layouts. The market's reasonable price per square foot is around HKD 40,000, and buyers of adjacent distinctive units will be given priority. A director at Cheung Kong mentioned that the current trend in the Hong Kong property market is stable, and short-term speculators are not expected in the near future.
CK ASSET (01113.HK) and MTR CORPORATION (00066.HK) are collaborating to develop the "BLUE COAST" Phase 3B project on the south coast of Hong Kong Island. The project consists of two buildings, namely Blocks 1A, 1B, and Blocks 2A, 2B, offering a total of 642 units. They plan to launch the sales brochure and open show flats in the short term, with a sales target in March.
Yang Guiling, Assistant Chief Manager of the Yangtze Real Estate Sales Department, mentioned that the residential units in this development range from two to four bedrooms, with a focus on three-bedroom layouts. Among them, there are 110 two-bedroom units with a practical area ranging from 452 to 538 square feet; 474 three-bedroom units with a practical area between 728 and 1,006 square feet; and 58 four-bedroom units with a practical area ranging from 1,226 to 1,267 square feet.
Zhao Guoxiong, Executive Director of CK ASSET, noted that Units A, B, C, and D in Block 1A are the "penthouse" units, totaling 118 units with large three and four-bedroom layouts, which will be sold through a tender process. He mentioned that the market's reasonable price per square foot is around HKD 40,000. If buyers purchase adjacent distinctive units, they will also be given priority consideration by the developer.
Zhao Guoxiong pointed out that the property market in Hong Kong is currently in a consolidation phase, with recent buyers mainly being end-users. He believes that short-term speculators are unlikely to emerge in the near future, indicating a healthy trend in the property market.