2025-08-25 28Hse Editor
On Saturday, August 23, 2025, Blue Coast II, the third phase of the Island South Development at Wong Chuk Hang Station, co-developed by CK Asset Holdings (1113) and MTR Corporation (0066), sold 74 units in one day, generating over HK$1 billion in revenue. A total of 134 units were offered for sale via price lists, with discounted prices starting at HK$9.32 million and an average price per square foot of HK$23,345.
According to CK Asset, the strong sales performance reflects both the high quality of the development and signs of a recovering market. Notably, multiple buyers purchased more than one unit. Among the sales, six four-bedroom units were sold via tender, including a high-floor unit (33/F, Tower 3, Flat A) that sold for HK$38.01 million, or HK$30,000 per square foot—setting new records for both the highest total price and price per square foot in the development.
The Saturday release included two- and three-bedroom units ranging in size from 443 to 759 sq. ft. Of the 134 units offered, 66 were two-bedroom layouts and 68 were three-bedroom layouts. The price range for units on the price list was from HK$10.713 million to HK$22.485 million, with discounted prices ranging from HK$9.32 million to HK$19.562 million. The discounted price per square foot ranged from HK$20,186 to HK$25,773.
The impressive sales figures highlight Blue Coast II’s appeal as a premium urban railway development in the Southern District, attracting both local and investment buyers.
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