CK Asset Launches New Residential Towers: Southside Development and Interest Rate Speculations

Monday, 16 September 2024, 11:30

Southside development is gearing up as CK Asset announces the presale of new flats in Blue Coast II, aligning with anticipated market shifts post-interest rate cut. The move signals a robust confidence in Hong Kong's property market. With 558 units set to launch, developers are preparing for a more active environment influenced by Jerome Powell's recent indications on interest rates.
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CK Asset Launches New Residential Towers: Southside Development and Interest Rate Speculations

CK Asset's New Launch in Southside Development

In a strategic move ahead of a potential interest rate cut, Hong Kong property developer CK Asset Holdings is launching presales for 558 units in Blue Coast II, part of the Southside development in Wong Chuk Hang. This marks one of the first significant launches by a major builder in anticipation of favorable market conditions.

Market Dynamics and Timing

Despite the effective timing, CK Asset clarified that the launch of Blue Coast II is not directly tied to the expected interest-rate adjustments. The firm stated that pricing will align with current market conditions without retaining inventory.

  • Developer: CK Asset Holdings
  • Project Name: Blue Coast II
  • Location: Wong Chuk Hang, Hong Kong
  • Total Units: 558
  • Market Price Strategy: Competitive Pricing

Developer Confidence Amid Economic Changes

As the Federal Reserve, led by Jerome Powell, indicates a possible cut in borrowing costs, Hong Kong builders anticipate an uptick in residential demand. This might lead to what could be the most active local property market in years, with at least six new projects expected to debut with a total of 2,800 flats in September alone.

  1. CK Asset's confidence reflected in prior sales
  2. Other projects from Sun Hung Kai Properties and China Overseas Land in the pipeline

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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