CK Asset strikes while the iron is hot, announces prices for new Coast Line phase flats after blockbuster sales over weekend
- Average price of the first batch at Coast Line I is 1.68 per cent higher than that of Coast Line II’s first batch because of better harbour views
- First batch expected to be fully sold out, ‘continuing the sales success of the project’s phase two’, Midland Realty executive says
Hong Kong property developer CK Asset Holdings has released the price list for the first 50 units at its Coast Line I project just two days after homebuyers snapped up all 626 apartments in Coast Line II on the first day of sales on Saturday.
The average price of the first batch of 50 flats has been set at HK$15,250 (US$1,950) per square foot, 1.68 per cent higher than the average price of the first batch at Coast Line II, which were priced at HK$14,997 per sq ft, because Coast Line I is nearer to the harbour in Yau Tong and offers better views. Coast Line I will have a total of 228 units.
“This batch of flats has been launched on the basis of the original price list of Coast Line II,” said Justin Chiu Kwok-hung, CK Asset’s executive director. “The price has been increased due to different views, as Coast Line I is closer to the sea.”
The company decided to launch Coast Line I after Saturday’s sale, Chiu said. The cheapest unit on offer in the first batch is a 288 sq ft one-bedroom flat for HK$3.85 million, or HK$13,490 per square foot, after a 19 per cent discount.
