There was lacklustre action on Saturday at the sale of the latest batch of flats at The Reserve at Gold Coast Bay in Tuen Mun, as less than a 10th of the units on offer were snapped up three hours after the launch.
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Only 14 flats, of the 152 units on offer, were sold as of 6.30pm, according to agents.
“It’s almost the last of the remaining stock,” said Sammy Po Siu-ming, senior director at Midland Realty. “The sale will continue.”
The batch offered this weekend by developer Early Light International Holdings, owned by tycoon Francis Choi Chee-ming, included 86 two-bedroom and 10 three-bedroom flats, as well as 56 special units with rooftop balconies or utility platforms.
Ninety-six of the 152 units were priced between HK$4.7 million and HK$8.6 million after discount, costing about HK$10,431 to HK$15,312 per square foot. The other 56 units were put up for sale by tender.
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The 14 flats that were sold consisted of two three-bedroom units and 12 two-bedroom flats, with a total value of nearly HK$100 million (US$12.9 million).
The flats offered on Saturday were part of the 1,323 phase two units at the development.