Surrounded by the sea on three sides of the Kai Tak runway area "The Bay Peninsula", a new luxury residential location in Hong Kong, is very sought after by luxury customers, especially mainland customers or "new Hongkongers".

The new luxury residential development by China Resources Land (Overseas) and Poly Real Estate, King River, sold two units of four-bedroom apartments in a row yesterday, cashing in over $164.8 million. The project has sold a total of 97 units so far, with a transaction amount of more than $4.8 billion.

The latest sold units include Unit A on the 21st floor of Block 2 with a saleable area of 1,909 square feet and a 4-bedroom double suite with a private lift lobby, sold for $90,457,000 at about $47,221 per square foot, while another sold unit, Unit A on the 9th floor of Block 2, also of the same type, sold for $74.7 million at about $39,130 per square foot.

All the standard floor units are designed with four bedrooms and two suites, and each unit enjoys a private elevator lobby with square and solid appliances, showing the style of a grand residence.

The standard four-bedroom double units in Block 2 are equipped with high-end kitchen and toilet facilities, such as built-in wine cooler, vacuum packaging machine, cup warmer and floor heating system in the main toilet, which are very popular among buyers.