Homebuyers swarm Hong Kong’s biggest sales launch in 6 months after relaxed lending rules

Quick Summary:

Buyers snapped up more than 300 of 504 new flats across Blue Coast II in Wong Chuk Hang and Cullinan Sky in Kai Tak on Saturday.

In Wong Chuk Hang, where Hong Kong’s iconic Ocean Park is located, one buyer splurged HK$66.6 million (US$8.6 million) for three of Blue Coast’s three-bedroom flats and a two-room unit, Chan said, without identifying the customer.

Sun Hung Kai Properties found buyers for 152 of the 248 apartments at Cullinan Sky Phase 2, after receiving refundable deposits from 30,000 buyers for its project at the city’s former airport site in Kai Tak.

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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets: Hong Kong

Topics: Kong’s Sales Hang Market Wong Flats Chuk Homebuyers Hong Blue Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 17:23:55 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 266 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 45 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23125729

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