local · SingTao

Wong Chuk Hang DEEP WATER SOUTH Sells Two 1-Bed Units, Raising HK$18.7M in Single Day

SingTao · 2 SOURCESabout 2 hours ago4 MIN

Summary

Wong Chuk Hang's港島南岸 (South Island Place) DEEP WATER SOUTH Phase 6A MONT BLUE project jointly developed by Wheelock Property and MTR Corporation recorded two consecutive 1-bedroom (open kitchen) unit transactions on July 27, raising nearly HK$18.7 million in a single day . Both units, each measuring 337 square feet, achieved prices above HK$9.3 million with rates exceeding HK$27,700 per square foot . The buyer highlighted strong rental potential and consistent demand for 1-bedroom units as key motivations for purchase . The entire DEEP WATER SOUTH project comprises 617 units across two phases, with cumulative sales reaching 202 units and over HK$3.73 billion in proceeds .

Key Points

Unit 2A Tower 30/F Flat F sold for HK$9.356 million at HK$27,763 per square foot, measuring 337 sq ft with 1-bedroom open-kitchen layout .
Unit 2A Tower 29/F Flat F sold for HK$9.336 million at HK$27,703 per square foot, same 337 sq ft 1-bedroom open-kitchen configuration .
Combined daily transaction value reached approximately HK$18.7 million from these two units alone .
Phase 6A key date set for end of May next year; Phase 6B anticipated completion by end of November next year .
Project-to-date performance: 202 units sold, cumulative proceeds exceeding HK$3.73 billion since launch .

Why It Matters

This transaction underscores persistent investor appetite for compact residential units in emerging South Hong Kong districts where new supply remains limited . The strong price-per-square-foot achievement above HK$27,700 signals continued market confidence in the Wong Chuk Hang area's long-term rental yield potential amid ongoing infrastructure development .