As of 3.30pm, 179 of the 280 units offered at The Reserve at Gold Coast Bay in Tuen Mun were sold, according to agents. Hong Kong tycoon Francis Choi Chee-ming owns the developer.
The flats – priced between HK$2.42 million (US$310,796) and HK$7.34 million after discounts, or HK$7,941 to HK$12,073 per square foot – have “parking-space prices” that attract both self-use buyers and investors, said Louis Chan Wing-kit, chief executive of Centaline Property Agency’s residential division.
The latest batch includes 72 studios, 112 one-bedroom flats, 77 two-bedroom units, and 19 three-bedroom homes, with areas ranging from 304 to 655 square feet. About 40 per cent of the units were priced below HK$3 million, according to the developer.
Chan noted the flats were popular among young first-time buyers and investors due to high rental demand in the area.
