Market Chatter: CK Asset Expects Price Increase in Blue Coast II Apartments

MT Newswires Live10-15

CK Asset (HKG:1113) forecasts that prices at its Blue Coast II development in Wong Chuk Hang, Hong Kong, will increase by 5% to 10% in future price lists, The Standard reported Tuesday, citing Chief Sales Manager William Kwok Tze-wai.

The development comes as CK Asset rolled out a third price list for 60 apartments under the project. After discounts, units are priced at HK$22,404 per square foot, which is 2.4% higher than the second price list, according to The Standard.

Wong Chuk Hang is located in the southern portion of Hong Kong Island.

Shares closed 3% lower during Tuesday's trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $32.90, Change: $-0.85, Percent Change: -2.52%

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