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Hong Kong Island South Shore Phase 3B Blue Coast grand debut
Apr 13, 2024
Hong Kong Island South Shore Phase 3B Blue Coast grand debut Hong Kong
By   Internet
  • City News
  • Hong Kong Island South Bank property
  • property sale
  • subscription ratio
Abstract: This weekend will witness a highly anticipated event in the Hong Kong property market, with 12 new developments set to compete, among which the most notable is the collaboration between Cheung Kong (01113) and MTR (00066) in the Wong Chuk Hang Station project on the Southern Shore of Hong Kong Island, Phase 3B, Blue Coast.

Since the commencement of the six-day ticket collection process on the 12th of this month, Blue Coast has attracted an astonishing 17,000 applications, with a subscription ratio of 91 times, averaging about 92 potential buyers competing for each unit. This remarkable data not only demonstrates the high level of attention the project has received but also reflects the current fervor of the Hong Kong property market.


In the upcoming second round of sales, Blue Coast will release the remaining 220 units, with 184 units available for public sale on the 13th of this month. It is reported that the actual selling prices of these units will range from HK$10.548 million to HK$37.691 million, with discounted prices ranging from HK$20,918 to HK$29,842 per square foot, averaging at HK$24,835 per square foot.


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Guo Ziwei, Chief Manager of Cheung Kong's Sales Department, expressed confidence in the sales prospects on the 13th of this month. He stated that the Blue Coast sales office, located in the Metroplaza at Hung Hom, is expected to welcome around 5,000 prospective buyers and will immediately conduct a lucky draw. Assistant Chief Manager Yang Guiling also added that Blue Coast is located at 11 Heung Yip Road, with a total of 642 units ranging from 452 to 1,267 square feet, scheduled for completion by the end of December 2025.


The launch of the Blue Coast project will undoubtedly inject new vitality into the Hong Kong property market and become the focus of attention for homebuyers. In the fierce market competition, only by providing high-quality products and services can one win the favor and trust of homebuyers.

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Hong Kong Island South Shore Phase 3B Blue Coast grand debut
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