DOUBLE COAST III Sells Two Units in Single Day, Netting Nearly HK$13.18 Million
AM730 · 2 SOURCESabout 3 hours ago2 MIN
Summary
DOUBLE COAST III, a completed residential project at PARK PENINSULA in Kai Tak developed by Wheelock Properties in partnership with Henderson Land, China Overseas Land & Investment, and New World Development, recorded two transactions on Monday. Both units were 322-square-foot one-bedroom, one-bathroom flats with open kitchens on the 19th and 21st floors of Tower 1B, fetching 6.572 million and 6.605 million Hong Kong dollars respectively. The combined proceeds totaled approximately 13.18 million Hong Kong dollars. The developer highlighted the project's waterfront location and completed status as key sales drivers, noting the overall DOUBLE COAST series has now sold 578 units for more than 4.59 billion Hong Kong dollars.
Key Points
- Units 19H and 21H on Tower 1B at DOUBLE COAST III sold for 6.572 million and 6.605 million Hong Kong dollars respectively
- Both units feature a 322-square-foot usable area with a one-bedroom, one-bathroom open-kitchen layout
- Price per square foot reached approximately 20,410 Hong Kong dollars and 20,512 Hong Kong dollars
- The DOUBLE COAST series has accumulated 578 units sold with total proceeds exceeding 4.59 billion Hong Kong dollars
- DOUBLE COAST III comprises two residential towers (Towers 1A and 1B high-rise) offering 525 units ranging from 249 to 1,373 square feet
Why It Matters
The strong sales performance of DOUBLE COAST III demonstrates continued demand for waterfront completed properties in the Kai Tak redevelopment area, where multiple developers have invested heavily. As Hong Kong's property market navigates ongoing interest rate pressures, robust sales at premium completed developments signal buyer confidence in well-located assets with immediate occupancy potential .
The strong sales performance of DOUBLE COAST III demonstrates continued demand for waterfront completed properties in the Kai Tak redevelopment area, where multiple developers have invested heavily. As Hong Kong's property market navigates ongoing interest rate pressures, robust sales at premium completed developments signal buyer confidence in well-located assets with immediate occupancy potential .