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<IPO> Hung Hom "The Coast" Launches First Batch of 110 Units; Centaline's Chan Wing-kit: Pricing at 15% Discount to Unsold Units in Same District
"The Coast" in Hung Hom, jointly developed by Henderson Land (00012.HK), Hysan Development (00014.HK) and Empire Group, unveiled its first price list today (14th). Chan Wing-kit, A...
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<IPO> Hung Hom "The Coast" Launches First Batch of 110 Units; Centaline's Chan Wing-kit: Pricing at 15% Discount to Unsold Units in Same District
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"The Coast" in Hung Hom, jointly developed by Henderson Land (00012.HK)  -0.700 (-2.288%)    Short selling $59.10M; Ratio 29.032%   , Hysan Development (00014.HK)  -0.270 (-1.484%)    Short selling $14.53M; Ratio 38.934%   and Empire Group, unveiled its first price list today (14th). Chan Wing-kit, Asia Pacific Vice Chairman of Residential and Chief Executive Officer of Residential at Centaline Property, said the first batch of 110 units is priced at a 15% discount to unsold units in the same district, making it highly attractive and fully capable of kick-starting the project. He expects enthusiastic subscription response.

"The Coast" is located in the East Victoria Harbour Bay Area and is part of the Urban Renewal Authoritys key future development under a new planning blueprint, positioned as a world-class modern bay area, with evident potential for future appreciation. The project is adjacent to MTR To Kwa Wan Station, benefiting from the "railway concept". In addition, a large-scale shopping mall will be built at the projects podium, which is rare in the district. The unit mix mainly features two-bedroom layouts, catering to both first-time buyers and upgraders. It is believed that end-users who have been waiting in the district for a long time will enter the market. The average rent per square foot of newer housing estates in the area can reach HKD65, implying a rental yield of over 4%, which is expected to attract long-term investors. Primary transactions remained robust this month, with more than 850 deals recorded so far, of which over half were local end-users. Full-month transactions are expected to reach 2,500. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 12:25.)

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