Blue Coast II unveils last 70 flats for sale, with potential 3 pc price hike

CK Asset’s (1113) Blue Coast II in Wong Chuk Hang will put the project's last 70 flats for sale on Friday as home sales sizzle, with an average discounted price of HK$22,684 per square foot.

Thirty-two flats will be sold via price list from HK$10.2 million to HK$20.2 million after discounts.

The project's prices will increase 3 percent if the US rate cut exceeds expectations this week, said CK Asset’s chief sales manager William Kwok Tze-wai.

Kwok noted that overall home prices are expected to rise 5 percent before the year ends, driven by the upcoming policy address and the anticipated rate cut.

The other 38 flats – including three-bedroom, four-bedroom, and feature units – will be sold by tender.

After commencing sales of completed flats last month, the project achieved 122 sales within three weeks, cashing in over HK$1.8 billion, the developer said.

Blue Coast and Blue Coast II have sold 1,022 flats to date, accounting for 85 percent of the total, it added.

HELEN ZHONG