Jointly developed by Cheung Kong (Holdings)**hereinafter referred to as "Cheung Kong Asset") and MTR Corporation, the new residential development in Hong Kong Island South is expected to make a strong debut in the first quarter of 2024. The project is located in a potential area in the Southern District, with two MTR stations directly connected to the core business district of Admiralty, and close to traditional luxury residential areas such as Deep Water Bay, Repulse Bay and Shouson Hill. Officially named Blue Coast today, the project marks the beginning of a new residential project in the southern part of Hong Kong Island.
On February 21, Guo Ziwei (left), Chief Manager of Cheung Kong Sales Department, Zhao Guoxiong (middle), Executive Director of Cheung Kong Asset, and Yang Guiling, Assistant Chief Manager of Cheung Kong Sales Department, attended the Blue Coast project press conference.
Yang Guiling, assistant principal manager of Cheung Kong's sales department, said that the blue coast refers to the fact that the project is located in the southern area of Hong Kong Island, and the overall planning and design inherit the inherent geographical advantages of the southern area of Hong Kong Island, and some units can enjoy the dual significance of the blue scenery on the coastline. The COAST represents the blue coast's proximity to the deep bay, the blue sky and the blue sea blend together, and the beautiful scenery of the sea and sky, enjoying the leisurely coastal life of the southern district like a vacation.
According to Yeung, Blue Coast is located in the luxury residential area of Hong Kong Island South, some of the residential units not only have a view of the deep bay, but also have an exclusive elevator to the entrance floor of the MTR station on the first floor of the shopping mall The Southside, and it is also one of the few new residential projects in the southern district of Hong Kong Island near the deep bay in the market.
Kwok Tsz-wai, Chief Manager of Cheung Kong's Sales Department, said that since the Policy Address announced in October last year that the stamp duty on home purchase of foreign talents would be "exempted before levy", the Group has received enquiries from local and qualified foreign talents about the property status of first-hand residential properties, which shows that the rigid demand for housing after coming to Hong Kong is strong. Blue Coast is one of the first phases of the "South Coast of Hong Kong Island" residential project, located in the area of the Comprehensive Development Area, with residential, large shopping malls and open spaces, creating a noble living environment adjacent to the deep bay. Admiralty Station, a "super interchange station" where the MTR's two stations and four lines converge, and the development advantages of Invigorating Hong Kong Island South, are believed to further drive the property leasing and trading in the area, and the potential is self-evident.
Blue Coast is two 29-30 storey towers offering a total of 642 units of 2 to 4 bedroom residences with elegant clubhouse facilities.
Chiu Kwok-hung, executive director of Cheung Kong Asset, said the cost price of the Blue Coast was as high as HK$28,000.
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