DOUBLE COAST III Releases 94 Units with Net Average 20,268 Per Sq Ft
SingTao · 5 SOURCES1 day ago2 MIN
Summary
Wheelock Properties, together with Henderson Land Development, China Overseas Land & Investment, and New World Development, has released a third price list for 94 units at the completed DOUBLE COAST III project in Kai Tak, with net average price of HK$20,268 per square foot and the cheapest unit starting from HK$4.613 million. Ricky Wong Kwong-yiu, Vice Chairman and Managing Director of Wheelock Properties, noted that the developers plan to upload the sales arrangement later this week, with a slight price increase of 1-2 percent following market rates. The DOUBLE COAST series has cumulatively sold about 566 units, generating total revenue close to HK$4.5 billion, while the group's year-to-date sales have exceeded HK$27.3 billion. Looking ahead, the group aims to achieve HK$30 billion in full-year sales and is planning to launch luxury projects including Plantation Road on The Peak and The Monet in Kowloon Tong in the fourth quarter.
Key Points
- The third price list covers 94 units in Tower 1B, ranging from 249 to 340 square feet, comprising 7 studio and 87 one-bedroom units
- Net prices range from HK$4.613 million to HK$7.328 million, with net price per square foot between HK$18,526 and HK$21,533
- The cheapest studio unit is Flat G on 2/F of Tower 1B at 249 sq ft, priced at HK$4.613 million or HK$18,526 per sq ft
- The cheapest one-bedroom unit is Flat D on 2/F of Tower 1B at 311 sq ft, priced at HK$5.781 million or HK$18,588 per sq ft
- The project offers 3 payment methods and 8 discount schemes, with a maximum discount of 11 percent
Why It Matters
The strong sales performance demonstrates sustained confidence among Hong Kong's major developers in the Kai Tak area, with the group achieving over 2,312 units sold year-to-date and total sales exceeding HK$27.3 billion as of Sunday . The upcoming green automated people mover system linking the runway area with the cruise terminal, Victoria Park, sports park, and MTR station will enhance transportation infrastructure in Kai Tak, adding long-term value to the neighborhood .
The strong sales performance demonstrates sustained confidence among Hong Kong's major developers in the Kai Tak area, with the group achieving over 2,312 units sold year-to-date and total sales exceeding HK$27.3 billion as of Sunday . The upcoming green automated people mover system linking the runway area with the cruise terminal, Victoria Park, sports park, and MTR station will enhance transportation infrastructure in Kai Tak, adding long-term value to the neighborhood .