Yau Tong's The Coast Line I Sells Out Again
SingTao · 1 SOURCESabout 3 hours ago4 MIN
Summary
Yuexiu Property's The Coast Line I in Yau Tong recorded another sell-out in its third round of price-list sales on October 24, with all 132 available units taken up on the same day. The developer said the round generated more than HK$710 million in proceeds. Buyers gathered at the sales office in a Kowloon Bay commercial building before the launch, with queues forming as agents discussed flat-selection strategies. Since launching this month, the project has sold 570 units for more than HK$3.3 billion in total.
Key Points
- Yuexiu Property launched the third round of price-list sales for The Coast Line I on October 24, and all 132 units available for sale were sold out the same day.
- The developer said the single-day sale raised more than HK$710 million from the 132 units released in this round.
- At the sales office in a Kowloon Bay commercial building, large numbers of prospective buyers queued before sales began and consulted agents on selection strategies.
- Yuexiu Property (Hong Kong) general manager Li Ga (李嘎) said all 82 units reserved for Group A buyers were sold quickly.
- Li said the 50 price-list units in the Group B retail-buyer segment were also all selected that day, and Phase 2 is being prepared for launch soon.
Why It Matters
For Hong Kong homebuyers, the repeated same-day sell-outs suggest strong demand remains concentrated in projects that combine a harbourfront location, varied flat types and established district amenities. The developer's move to prepare Phase 2 shortly after three successful rounds also points to how quickly supply can be brought forward when unsatisfied demand remains in the primary market.