The Uppland: $1.8M Starting Prices – Cheaper Than HK Parking Spaces!

Early Light International (0393) announced the first price list for its Tuen Mun project, Gold Coast Bay The Uppland today (8th), offering 139 units. The discounted average price per square foot for the first batch is HK$9,988. The lowest-priced unit is located at Unit K on the 8th floor of Block 5B, with a saleable area of 206 square feet, and a discounted price of HK$1.842 million, translating to HK$8,942 per square foot.

This discounted average price of HK$9,988 per square foot is the lowest since July 2016 when the Ori project in Tuen Mun launched its first batch of units at an average discounted price of HK$8,826 per square foot. At that time, the lowest-priced unit for Ori was a studio priced at HK$1.97 million.

First Batch Offers 139 Units, Ranging from Studios to Two-Bedroom Units

The Uppland’s first batch offers 139 units, ranging from studios to two-bedroom units, with saleable areas from 206 to 444 square feet. Among them, there are 72 studio units, 58 one-bedroom units, and 9 two-bedroom units. According to the price list, the first batch is priced from HK$2.093 million, with a maximum discount of 12%, resulting in discounted prices ranging from HK$1.842 million to HK$4.369 million, and discounted unit prices from HK$8,908 to HK$11,899 per square foot.

Lowest-priced Studio Starts at HK$1.842 Million

The lowest-priced unit is located at Unit K on the 8th floor of Block 5B, with a saleable area of 206 square feet, and a discounted price of HK$1.842 million, translating to HK$8,942 per square foot. The lowest unit price is for Unit D on the 5th floor of Block 5A, with a saleable area of 444 square feet, a two-bedroom layout, and a discounted price of HK$3.955 million, translating to HK$8,908 per square foot.

Developer: Pricing Refers to Nearby New and Second-Hand Properties

Raymond Lee Ping-yu, managing director of Early Light’s Property Development department, said that the pricing not only references nearby new and second-hand property prices but also considers the project’s own advantages, which he believes meet market demand. He also hopes to provide “starting-level prices” to help young people buy properties.

The project will open show flats for viewing and accept registration starting this Wednesday, with the earliest sales expected within the month.

Gold Coast Bay The Uppland Comprises Two Residential Towers, Offering 692 Units

The project consists of two residential towers, offering a total of 692 units. The units range from studios to three-bedroom units, with studio units accounting for 254 units and saleable areas from 204 to 328 square feet; one-bedroom units accounting for 154 units with saleable areas from 300 to 355 square feet; two-bedroom units accounting for 180 units with saleable areas from 439 to 516 square feet; and three-bedroom units accounting for 35 units with saleable areas from 654 to 767 square feet. There are also featured units with terraces and rooftops, totalling 69 units with saleable areas from 182 to 767 square feet. The project is expected to be completed by November 25, 2025.

28hse - No.1 HK Property Portal Squarefoot - HK Premium Property Portal