Double Coast I Flats in Kai Tak to Start From $4.2 Million | HK Weekend Property Market Recap

The first price list for Double Coast I in Kai Tak was released on Wednesday.
The first batch of units includes 78 homes, with discounted prices ranging from HK$4.225 million to HK$12.661 million. The average price per square foot is HK$17,899, which is in line with current market levels and comparable to other recent developments launched in the area.
This year's new homes in Kai Tak’s former runway site averaged between HK$17,000 to HK$19,000 per square foot.
When asked about pricing, Wheelock Properties chairman Stewart Leung described the first batch as conservatively priced. He noted that the market is steadily stabilising and recovering, with home prices expected to rise by 5% to 10% by year-end. However, how long this increase will last remains to be seen.
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