Double Coast III sells at least 42 flats in first round of sales

Double Coast III in Kai Tak sold at least 42 out of the 53 flats available in the first round of sales on Sunday. 

The flats with sizes ranging from 249 to 696 square feet are priced between HK$4.2 million and HK$15.6 million after discounts, or between HK$16,660 and HK$22,384 per sq ft. 

The project is co-developed by Wheelock Properties, Henderson Land (0012), China Overseas Land & Investment (0688), and New World Development (0017). 

Wheelock’s managing director Ricky Wong Kwong-yiu said buyers who showed up yesterday were mostly young families, professionals, and those who aim to upgrade their homes. 

Wong said the Double Coast development recorded nearly 300 transactions with the developers raking in around HK$2.2 billion.