Blue Coast's record-breaking sales have caused quite a stir in the Hong Kong real estate market. As a joint venture between Cheung Kong and MTR, this development above Wong Chuk Hang Station has seen overwhelming sales performance since its launch. Within just 8 days, it achieved over 10.1 billion HKD in sales, making it the highest-selling new development in the market this year. The upcoming 36 four-bedroom units have attracted significant attention and sparked market discussions.
In past sales events, Blue Coast's performance has been remarkable. The second round of sales featured 184 price-listed units, nearly 130 of which were sold on the same day, once again confirming the market's high level of attention and approval for the project. Additionally, since the beginning of this month, a total of 540 units have been sold, with an average selling price of approximately 18.73 million HKD per unit and an average transaction price per square foot of approximately 24,000 HKD, which is quite impressive.
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Facing the heated market demand, the developer updated the price list yesterday, adjusting the prices of the remaining units by 2% to 10%. This move fully demonstrates the developer's confidence in the market and high expectations for the Blue Coast project.
Of particular note are the newly launched 36 four-bedroom units, which have attracted considerable attention. These units are located on the 6th to 38th floors of Block 1A, with sizes ranging from 1,226 to 1,267 square feet. All units are designed as four-bedroom en-suite layouts, with two units on the 6th floor featuring connecting platforms, providing residents with greater comfort and uniqueness. This unique design has captured the attention of many homebuyers and is expected to be in high demand in the market.
Market expectations are high for the bidding of the 36 four-bedroom units. The prices of units on the 7th to 17th floors will reference the pricing of Unit A on the 18th floor of Block 1A. This unit, with a size of 1,263 square feet, has a net price of 35.992 million HKD and a price per square foot of 28,497 HKD. Unit B on the 18th floor, with a size of 1,267 square feet, has a net price of 34.867 million HKD and a price per square foot of 27,519 HKD. It is expected that the transaction prices and prices per square foot of the bidding units will once again spark market discussions and set new records.