2024-05-08 28Hse Editor
(Zhou Xiaojing) CK Asset has set a record for selling the largest number of units in its first sales round in the past eight years. The group sold 626 units in a single day, which generated more than HK$3.91 billion. This pushed the number of first-hand transactions to 658 on Saturday, which is the highest number of weekend transactions for the Hong Kong property market in 2023 thus far. To maintain sales momentum, CK Asset executive director Justin Chiu Kwok-hung said in a press conference yesterday that the developer would push forward sales of The Coast Line, and announce the first price list of the project within a week at the earliest, offering sea-facing flats at increased prices.
The Coast Line to offer 228 units within a week
According to Chiu, The Coast Line I units are located within 15 metres of the sea and offer sea views. He added that price increases would be minimal, hoping that the development would be able to boost the property market and help more Hongkongers purchase homes. Kwok Tsz-wai, the Group’s chief manager of sales, said that the development would provide 228 one- to three-bedroom units ranging from 273 to 736 square feet in size, including 114 one-bedroom units, 46 two-bedroom units, and 68 three-bedroom units, with the last two flats offering sea views.
The Holborn sold 5 units in 2 days
Over the weekend, Henderson Land’s The Holborn development in Quarry Bay sold five one-bedroom units, measuring 255 square feet in saleable area. Developed by Sino Land, Wheelock Properties, and others, Grand Victoria II in South West Kowloon sold two units in a row over the weekend, namely unit A on the eighth floor of Block One and unit B on the 27th floor of Block 6 with saleable areas of 1,536 and 490 square feet respectively. In addition, Star Properties’ After the Rain development in Yuen Long recorded one transaction. The homebuyer was reportedly a young client from outside the district who spent HK$5.95 million to purchase a unit for self-occupation, and the transaction was conducted for a unit on the middle floor of Flat D, with a saleable area of 362 square feet at about HK$16,339 per square foot.
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