First Coast Phase 2 Launches 80 Units at HK$21,426 psf Net Average
AM730 · 4 SOURCESabout 2 hours ago5 MIN
Summary
Henderson Land Development (恒基地產), Hang Yick Properties (希慎興業) and Empire Group (帝國集團) jointly released the first price list for First Coast (首岸) Phase 2 in Hung Hom on Wednesday, October 7, 2026. The 80-unit batch carries a net average price of HK$21,426 per sq ft, slightly higher than Phase 4 launched in June at HK$21,301 per sq ft. The development offers units starting from HK$6.59 million for a 339 sq ft two-bedroom flat, with sales commencing next Monday on a first-come-first-served basis. Henderson's Sales Division 2 reported extraordinary performance, having sold over 1,800 units generating approximately HK$23.8 billion in the first three quarters, breaking the department's record since its establishment.
Key Points
- Henderson Land, Hang Yick and Empire Group co-developed First Coast Phase 2 (Tower 3), offering 384 units with sizes ranging from 339 to 661 sq ft
- First price list covers 80 units: 55 two-bedroom, 8 two-bedroom with storage, 4 two-bedroom with terrace, and 13 three-bedroom with study
- Cheapest unit is 3/F Flat L (339 sq ft, 2-bedroom) at net price HK$6,589,300 (HK$19,437 psf); lowest psf unit is 5/F Flat D at HK$18,974 psf
- Price list prices range from HK$7.241 million to HK$17.133 million, translating to net prices of HK$6.5893 million to HK$15.591 million
- The First Coast series has sold 735 units (94% of total inventory) for HK$6.22 billion, prompting the launch of Phase 2
Why It Matters
The launch of First Coast Phase 2 signals continued confidence in Hong Kong's residential market, with Henderson Land's record-breaking sales performance indicating robust demand for quality developments in urban locations . The project's location in the Urban Renewal Authority's East Harbour Metropolis Zone near the To Kwa Wan MTR station positions it to attract both end-users and investors seeking properties with proximity to mass transit infrastructure .
The launch of First Coast Phase 2 signals continued confidence in Hong Kong's residential market, with Henderson Land's record-breaking sales performance indicating robust demand for quality developments in urban locations . The project's location in the Urban Renewal Authority's East Harbour Metropolis Zone near the To Kwa Wan MTR station positions it to attract both end-users and investors seeking properties with proximity to mass transit infrastructure .