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CK Asset launches second batch of Blue Coast project to warm reception as Hong Kong home-buying curbs ease

  • CK Asset sold 130, or 70 per cent, of the 184 units on offer on Saturday, according to sales agents
  • The flats put up for sale include two-bedroom to four-bedroom units priced between HK$10,548,000 and HK$37,691,000

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Prospective homebuyers gathered at CK Asset’s sales office in in Hung Hom to wait for the results of the Blue Coast lottery. Photo: SCMP/ Xiaomei Chen

The second batch of CK Asset’s Blue Coast project in Wong Chuk Hang has received a warm response from homebuyers, as sales continue to surge after the government eased property curbs.

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A total of 130, or 70 per cent, of the 184 units on offer were sold by 8pm Saturday, when sales closed for the day, according to Sammy Po Siu-ming, CEO of Midland’s residential division for Hong Kong and Macau.

“Including the flats sold today, more than 540 units [from the Blue Coast project] were sold in the past eight days, with the average price reaching HK$18 million per unit,” he said. “The combined worth of the flats sold has surpassed HK$10 billion, a truly impressive result.”

As of Friday, CK Asset sold 415, or 98 per cent, of the 422 units it put up for sale in the first round last Saturday.
Blue Coast, part of CK Asset’s The Southside development, is a joint project with the MTR situated above the Wong Chuk Hang station. Photo: SCMP/Jonathan Wong
Blue Coast, part of CK Asset’s The Southside development, is a joint project with the MTR situated above the Wong Chuk Hang station. Photo: SCMP/Jonathan Wong

Around 2,000 homebuyers and agents had gathered at the developers’ sales office in Metropolis Drive in Hung Hom earlier on Saturday to wait for the results of a lottery to determine their eligible flats, CK Asset said.

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Among them, one family offered to snap up five flats, while another prospective buyer offered HK$120 million for six flats, sales agents said.

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