Gold Coast Bay's first phase offers 692 flats

The first phase of Gold Coast Bay, Early Light International Estates's new project in Tuen Mun, has been named The Uppland and it will offer 692 flats.

The Property Development department's managing director Raymond Lee Ping-yu said the application for presale consent for the project is in the final stage.

He said the project will be priced after taking into consideration the prevailing rates of nearby projects in both the primary and secondary markets.

The department's sales and marketing manager Leo Koo Kam-po said Gold Coast Bay is strategically positioned between Hong Kong Island and mainland cities across the border, pointing out that residents can not only drive to Central in half an hour but also have easy access to the north via the nearby Hong Kong-Zhuhai-Macau Bridge.

Gold Coast Bay offers a total of 1,323 flats across four towers, with two blocks each in phases one and two, and Early Light expects construction to be completed by November next year.

In Jordan, CSI Properties (0497) has received around 1,100 checks for 52 flats in the first batch at Topside Residences. It has released a second price list for 50 more flats with the cheapest priced at HK$4.9 million, and will start sales this Friday.

In other news, phase IIB of Onmantin in Ho Man Tin has put another 150 flats on the market, at an average price of HK$22,122 per square foot after discounts.

Phase IIA sold 25 flats via tender with a special unit setting a record price of HK$27,882 per sq ft for the project.