First-time homebuyers snap up Tuen Mun flats amid easing uncertainty around Trump policy

As of 5pm, 217 of the 280 units offered at The Reserve at Gold Coast Bay in Tuen Mun were sold, according to the developer, which is owned by Hong Kong toy tycoon Francis Choi Chee-ming.

The flats – priced between HK$2.42 million (US$310,796) and HK$7.34 million after discounts, or HK$7,941 to HK$12,073 per square foot – have “parking-space prices” that attract both self-use buyers and investors, said Louis Chan Wing-kit, chief executive of Centaline Property Agency’s residential division.

The latest batch includes 72 studios, 112 one-bedroom flats, 77 two-bedroom units, and 19 three-bedroom homes, with areas ranging from 304 to 655 square feet. About 40 per cent of the units were priced below HK$3 million, according to the developer.

Chan noted the flats were popular among young first-time buyers and investors due to high rental demand in the area.