business · SingTao

First Coast Phase 2 Brochure Launches with 384 Units, 2-Bed Units Dominate

SingTao · 2 SOURCES1 day ago5 MIN

Summary

Henderson Land Development, in collaboration with Hang Lung Properties, Empire Group, and the Urban Renewal Authority, has released the sales brochure for First Coast Phase 2 (首岸2期) in Hung Hom on Friday. The development comprises 384 units in Tower 3, with unit sizes spanning 339 to 661 sq ft, catering to first-home buyers and small families. Two-bedroom standard units dominate the offering at 80%, with the anticipated key date set for August 31, 2027.

Key Points

First Coast Phase 2 is jointly developed by Henderson Land, Hang Lung Properties, Empire Group, and the Urban Renewal Authority in Hung Hom
The project offers 384 units in Tower 3, with sizes ranging from 339 to 661 sq ft
Two-bedroom standard units (339–400 sq ft) account for 305 units, representing 80% of inventory
Two-bedroom units with storage room cover 432 sq ft (22 units, 6%), while three-bedroom en-suite units span 660–661 sq ft (44 units, 11%)
Special units include 8 platform units (343–623 sq ft with 82–189 sq ft platforms) and 5 sky units (390–661 sq ft with 161–298 sq ft terraces)
Henderson Land's Managing Director Kelvin Hon Ka-fai stated the First Coast series has sold 726 units (93% of total) generating HK$6.13 billion
The smallest unit is Unit G/H/L on 3/F of Tower 3 at 339 sq ft; the largest is Unit B on 5–30/F at 661 sq ft
The expected key date is August 31, 2027

Why It Matters

The strong sales performance of the First Coast series (93% sold) signals robust demand for well-located residential properties in Hung Hom, reinforcing developers' confidence in launching new phases amid a challenging property market. The Phase 2 launch, with its focus on compact two-bedroom units, aligns with prevailing market preferences for affordable entry-level homes in urban districts.