New Development | Blue Coast Auctions and Sells Three Units, Totaling HKD 96.51 Million

Blue Coast Phase 3B on Hong Kong Island South at Wong Chuk Hang station, developed through collaboration between CK Hutchison (01113) and MTR (00066), recorded the sale of three additional units via tender, generating HK$96.5106 million in cash proceeds in a single day.

Among these units, two are located in Tower 1A, both with the same layout of a 4-bedroom, 1-suite unit with a storage room and a bathroom separated by a corridor. The first is Unit A on the 9th floor, with a saleable area of 1,263 sq ft, sold for HK$37.7637 million, with a saleable price of HK$29,900 per sq ft; the second is Unit B on the 12th floor, with a saleable area of 1,267 sq ft, sold for HK$36.3629 million, with a saleable price of HK$28,700 per sq ft.

The other unit, also with renovation and furnishings, is Unit E on the 32nd floor of Tower 2B, which was also sold via tender. It is a 3-bedroom, 1-suite unit with a storage room and a bathroom separated by a corridor, with a saleable area of 792 sq ft, sold for HK$22.384 million, with a saleable price of approximately HK$28,263 per sq ft.

It is understood that all three groups of buyers are local residents planning to purchase the units for self-occupation.

To date, Blue Coast has sold a total of 1,151 units across its entire development, generating total cash proceeds of over HK$20.2 billion.