New Development | Blue Coast Four-Bedroom Sold for 44.07 Million, Breaking Double Records

Blue Coast Phase 3B on Hong Kong Island South at Wong Chuk Hang station in Aberdeen, developed in collaboration between CK Asset (01113) and MTR (00066), was sold through a tender arrangement for one high-floor 4-bedroom, 1-suite, and 1-storage-room unit with bathrooms. The transaction price reached HK$44.0787 million, with a practical price per square foot of HK$34,900. Both the transaction price and the price per square foot refreshed new highs across the entire series once again, further setting dual record highs.

The sold unit is Unit A on the 36th floor of Tower 1A, with a practical area of 1,263 sq. ft.; it is understood that the buyer is a local resident from the outlying areas, who favors the high-floor unit to enjoy views over the Deep Bay Yacht Club and the Aberdeen Bay, and plans to purchase the unit for family self-occupancy.

Yang Guiling, Deputy Chief Manager of CK Asset’s Business Division, said that Blue Coast has repeatedly achieved record-breaking sales, demonstrating that demand for luxury-home properties remains strong. She expects that the project’s high-floor 4-bedroom large units will continue to be in demand and may set new high records again. Given that the project only has a limited supply of 4-bedroom units remaining, the developer is considering raising the tender indicative price again in the latter part of this month, with an expected increase of no less than 5%.

To date, the Blue Coast series has sold 1,152 units in total, raising proceeds of over HK$20.2 billion.