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Hong Kong Property Market: Active Sales during Christmas Holidays, YOHO WEST Stands Out
Dec 27, 2023
Hong Kong Property Market: Active Sales during Christmas Holidays, YOHO WEST Stands Out Hong Kong
By   Internet
  • City News
  • Hong Kong Property Market
  • Property Sales
  • Hong Kong Housing Market
Abstract: During the recent four-day Christmas holiday, the Hong Kong property market exhibited some degree of sales activity. While no new focal projects were launched in the market, many developers concentrated on clearance sales, and certain projects performed exceptionally well, adding a sense of warmth to the overall market.

YOHO WEST in Tin Shui Wai stood out during this extended holiday period. The project became one of the most attention-grabbing developments, selling a total of 6 properties. More notably, YOHO WEST achieved remarkable success since its initial sale at the beginning of the month, selling 1,078 units within less than a month, accounting for 77% of the total project units and generating over HKD 5.74 billion. This achievement is extraordinary, indicating its sustained robust sales momentum and high market recognition.


In addition, NOVO LAND in Tuen Mun also demonstrated sustained sales strength. During the holiday period, the project sold a total of 2 properties, with one transaction reaching HKD 5.8159 million, achieving a high market recognition with a selling price of HKD 13,749 per square foot.

Hong Kong Property Market: Active Sales during Christmas Holidays, YOHO WEST Stands Out

Simultaneously, another project under New World Development achieved commendable results, with both projects generating nearly HKD 40 million and becoming one of the best-performing developers in terms of sales.


Apart from the mentioned projects, several others also performed well. MONACO MARINE under Henderson Land Development recorded a distinctive transaction for a unique unit during the holiday period, showcasing its unique appeal. Hopewell Holdings, in collaboration with Hong Kong Resort, sold a distinctive unit in Tai Po Linhai Mountain City, demonstrating its market competitiveness.


During the holiday period, Hang Lung Properties sold 2 properties, generating a total of over HKD 11 million, showcasing its stable sales strength. The unit sold by Sino Land's The Spectra in Yuen Long Hung Shui Kiu Wai Do I injected new vitality into the local property market. Wheelock Properties' existing project, Yu Lai Court in Ho Man Tin, successfully sold a unit through a tender process, highlighting its market attractiveness and successful sales strategy.

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Hong Kong Property Market: Active Sales during Christmas Holidays, YOHO WEST Stands Out
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