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Five of those units were offered for sale by tender.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.CK Asset, one of the flagship companies of the tycoon Li Ka-shing, found five buyers for the last 70 units of Blue Coast II in Wong Chuk Hang, priced between HK$10.2 million and HK$20.2 million, or HK$22,684 per sq ft on average after discounts. Thirty-two of the units were on sale by tender.New World Development offered 120 units of its House Muse residential project in Kowloon City at K11 ATELIER in Quarry Bay on September 19, 2025. Photo: Karma Lo alt=New World Development offered 120 units of its House Muse residential project in Kowloon City at K11 ATELIER in Quarry Bay on September 19, 2025. Photo: Karma Lo>Property agents pointed to the rate cut as the start of a downwards cycle for lending costs, adding that government measures after Chief Executive John Lee Ka-chiu's policy address on Wednesday would stabilise the property market."[The] two additional rate reductions anticipated in the coming months signal the onset of a downwards interest rate cycle, thereby incentivising more buyers to position themselves in the market," said Derek Chan, head of research at Ricacorp Properties.Throng of buyers of Blue Coast ll at Fortune Metropolis in Hung Hom on October 19, 2024. Photo: Jonathan Wong alt=Throng of buyers of Blue Coast ll at Fortune Metropolis in Hung Hom on October 19, 2024. Photo: Jonathan Wong>"The policy address is poised to deliver a stabilising influence on the property market, while the interest rate cuts will more directly alleviate the financial burden of market entry," Chan said. 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