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
