The new project 'Blue Coast II' at Wong Chuk Hang Station developed in collaboration by Cheung Kong (01113.HK) and MTR (00066.HK) has entered the fast lane of sales. Guo Ziwei, Chief Manager of the Yangtze River Industrial Department, stated that the project will upload the sales brochure within 24 hours, and the developer will determine the pricing within this month according to market response.

Regarding the pricing of the project, Guo Ziwei pointed out that the current market is hot, providing a certain reference for pricing. Recently, there has been an increase in property transactions, ideal stock market performance, and interest rate cuts which are all bullish for the property market. Therefore, the reasonable price of 'Blue Coast II' will also increase. He believes that compared to the previous phase, the market's reasonable price has a 10% adjustment space, and considers the price per square foot ranging from 27,000 to 28,000 yuan to be a reasonable market price.

He further mentioned that the interest rate cut has reduced the pressure on developers to clear inventory, the current market investment sentiment has improved, and the group will closely monitor market changes and affordability. This year, they will focus on pushing sales for 'Blue Coast II'. He also expects that property prices in Hong Kong have bottomed out.