New Development | DOUBLE COAST III releases 120 units, starting at $4.45 million

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Wheelock Properties leads the development of Kai Tak, No. 19 Fugui Street in Kowloon East—DOUBLE COAST III has added 120 units for sale, with an average gross discount-adjusted price per square foot of 19,286 yuan.

Huang Kwong-yiu, Vice Chairman and Executive Director of Wheelock Properties, said that today DOUBLE COAST III has released Sales Brochure No. 2, offering 120 units, including 18 open-layout units, 36 one-bedroom units, 56 two-bedroom units, and 10 three-bedroom units. The saleable area ranges from 249 to 641 sq ft. The gross discount-adjusted sale prices range from HK$4.45 million to HK$14.361 million, with gross discount-adjusted price per sq ft ranging from 17,274 to 22,404 yuan. The gross discount-adjusted average price per sq ft is 19,286 yuan, with prices referencing the project’s transactions in the first quarter of this year.

Huang said the project will open the show flats and start accepting ticket applications tomorrow, with the sales arrangements expected to be announced in the short term. It plans to begin sales after the Easter holidays, and thereafter there is room for price increases for additional units.

This year, the DOUBLE COAST development project has so far sold 83 units, raising about HK$770 million. Across the whole project, a total of 395 units have been sold, raising about HK$3.11 billion, with an average transaction price per sq ft of about HK$19,500.

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