VICTORIA COAST Sells Pokfulam Three-Bed Suite to Expat for HK$29.2M
AM730 · 2 SOURCESabout 3 hours ago2 MIN
Summary
Chinachem Group's VICTORIA COAST luxury project on Victoria Road in Pokfulam, Hong Kong Island, has recorded another significant sale. A three-bedroom suite with helper's room on the 15th floor of Block A was sold via tender for HK$29.2 million, including a parking space. The unit spans 1,367 sq ft of saleable area, translating to approximately HK$21,361 per sq ft. The expatriate buyer chose the property for its generous layout and unobstructed Southern District sea views, intending to occupy it as a primary residence. This transaction follows the project's double price-record achievements two weeks prior, underscoring continued strong demand for premium seaside living in Hong Kong's Southern District.
Key Points
- Chinachem Group sold Unit 2 on the 15th floor of Block A at VICTORIA COAST via tender for HK$29.2 million, including a parking space
- The three-bedroom suite with helper's room has a saleable area of 1,367 sq ft, priced at approximately HK$21,361 per sq ft
- The buyer is a foreign expatriate attracted by the spacious layout and full sea views of Southern District
- The property will serve as the buyer's primary residence, reflecting demand for quality seaside homes among overseas professionals
- VICTORIA COAST has now sold 19 units in total, generating over HK$530 million in cumulative sales revenue
- The latest transaction follows double price-record sales achieved at the project two weeks earlier
Why It Matters
The continued strong sales performance of VICTORIA COAST signals sustained appetite among affluent buyers for Hong Kong's prestige residential market, particularly for properties offering exclusive waterfront locations. As more overseas professionals seek quality living spaces in the city, prime Southern District developments with unobstructed sea views command premium valuations that reinforce Hong Kong's position as a global luxury real estate destination.
The continued strong sales performance of VICTORIA COAST signals sustained appetite among affluent buyers for Hong Kong's prestige residential market, particularly for properties offering exclusive waterfront locations. As more overseas professionals seek quality living spaces in the city, prime Southern District developments with unobstructed sea views command premium valuations that reinforce Hong Kong's position as a global luxury real estate destination.