CK Asset Holdings has slightly raised the prices of flats on the south of Hong Kong Island amid improving sentiment in the city’s property and stock markets and in anticipation of more stimulus measures in the budget.
Advertisement
The developer, controlled by the family of tycoon Li Ka-shing, on Monday priced 62 units at Blue Coast II, co-developed with MTR Corp in Wong Chuk Hang, at an average price of HK$22,781 (US$2,930) per square foot, 2 per cent higher than the previous batch in October. The flats are likely to go on sale this weekend.
“In view of the recent positive performance of the property market and the stock market, as well as the expected good news from the coming budget speech, the pricing of the newly launched units has increased by approximately 2 per cent compared to the previous launch,” CK Asset said. Prices could go up for subsequent batches, it added.
The batch includes 31 two-bedroom flats and the same number of three-bedroom units, ranging between 446 sq ft and 718 sq ft. The prices range from HK$9.22 million to HK$17.96 million, translating to between HK$20,679 and HK$25,013 per square foot.
12:40
How can Hong Kong save itself from its nearly HK$100 billion deficit?
How can Hong Kong save itself from its nearly HK$100 billion deficit?
Developers are hastening sales amid an uptick in property transactions after available units at two residential projects over two weekends were fully sold out.
Advertisement