Double Coast III to Sell 60 Units Next Wednesday Starting at HK$4.61M
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Wheelock Properties, Henderson Land, China Overseas, and New World Development have confirmed the sale of 60 units at the completed Double Coast III project in the Kai Tak Seafront Peninsula on September 16. The batch comprises 30 priced units and 30 tender units, with discounted prices starting from HK$4.613 million and HK$18,526 per square foot. The project, consisting of Towers 1A and 1B, offers 525 units ranging from 249 to 1,373 square feet. Year-to-date sales have reached 254 units for HK$2.15 billion, while cumulative sales total 568 units for HK$4.51 billion since launch. Two three-bedroom units sold via tender on September 13 achieved nearly HK$34.18 million, including a record-breaking transaction.
Key Points
- Double Coast III will launch 60 units on September 16, including 30 priced units and 30 tender units, with starting prices from HK$4.613 million
- Unit types include 6 studio, 24 one-bedroom, 28 two-bedroom, and 2 two-bedroom with storage units, ranging from 249 to 455 sq ft
- Two three-bedroom units sold via tender on September 13 for nearly HK$34.18 million combined; Tower 1A 33/F Flat B at HK$18.12M set a record psf of HK$26,034
- Year-to-date sales: 254 units for HK$2.15 billion; cumulative sales: 568 units for HK$4.51 billion since project launch
- The development comprises two residential towers (1A and 1B) offering 525 units in sizes from 249 to 1,373 sq ft, ranging from studio to three-bedroom suites
Why It Matters
The strong sales performance of Double Coast III, a joint venture among four major developers, reflects sustained demand for completed residential properties in the Kai Tak area. The project's success contributes to Hong Kong's new home sales market, which has recorded over HK$2 billion in transactions this year alone, demonstrating continued buyer confidence in the primary property market despite broader economic uncertainties. The record-breaking price-per-square-foot achieved in the recent tender sale signals premium pricing power for well-positioned completed developments in the Kai Tak Seafront Peninsula.
The strong sales performance of Double Coast III, a joint venture among four major developers, reflects sustained demand for completed residential properties in the Kai Tak area. The project's success contributes to Hong Kong's new home sales market, which has recorded over HK$2 billion in transactions this year alone, demonstrating continued buyer confidence in the primary property market despite broader economic uncertainties. The record-breaking price-per-square-foot achieved in the recent tender sale signals premium pricing power for well-positioned completed developments in the Kai Tak Seafront Peninsula.