The Hong Kong Island South Station residence project "Blue Coast II", developed in cooperation with Cheung Kong (01113.HK) and MTR (00066.HK), provides a total of 558 units. Guo Ziwei, Chief Manager of the Business Department of Cheung Kong Industries, said that all sales work for this property has entered the final stage and plans to upload the floor plans in the short term.

Yang Guiling, Assistant Chief Manager of the Business Department of Cheung Kong Industries, said that the project has a total of 31 floors in the third and fifth buildings, covering two to four-bedroom units. Among them, there are 279 two-bedroom units with a practical area ranging from 446 to 537 square feet, 217 three-bedroom units with a practical area ranging from 718 to 802 square feet, and 62 four-bedroom units with a practical area ranging from 1,181 to 1,267 square feet.

In response to the announcement of a 50 basis point interest rate cut by the United States, Hong Kong immediately reduced its best lending rate by 0.25 percent. Guo Ziwei pointed out that the group has accelerated its sales pace.

Guo Ziwei also mentioned that the market has been closely watching interest rate trends and expects further interest rate cuts in the United States, predicting that the interest rate reduction cycle will continue for one to two years. He predicts that in the long run, the property market will enter an upward trend. In addition, the reversal of US monetary policy is also beneficial to mainland China, and it is believed that China's economy next year will be better than this year, with an expected economic growth of 4 to 5% for Hong Kong. After the interest rate cut, there are more advantages in buying property and the burden of buying property is reduced.