Additionally, Henderson Land's 456A Tai Kok Tsui project is set to begin sales at the end of this month, with an estimated 492 units on offer.

YOHO WEST is located at 1 Tuen On Road near Tin Shui Wai Light Rail Tin Yau Station, with an expected completion date at the end of September 2024. The project offers a diverse range of unit types, ranging from studios to three-bedroom units, with two-bedroom units comprising over half of the offerings.

In contrast, the 456A Tai Kok Tsui project primarily features one-bedroom and two-bedroom units, situated at 456A Tai Kok Tsui North Street, with an expected completion date at the end of September 2025.

Following the decision of the US Federal Reserve to maintain current interest rates, Henderson Land's General Manager, Lin Da Min, believes that now is a good time for buyers to enter the market. He pointed out that with the rate decrease, property prices will rise rapidly, making it an ideal time for those with purchasing needs.

In addition to the YOHO WEST and 456A Tai Kok Tsui projects, two more developments are set to be publicly launched this Saturday. They are the Phase 1 of Q Bay in Kai Tak by Kerry Properties and the Providence Bay project in Ap Lei Chau by Emperor International.

Q Bay has received approximately 1,880 applications, oversubscribed by 7.8 times, while Providence Bay has recorded 500 subscriptions, oversubscribed nearly 5 times.

To attract buyers, Midland Realty and Midland Mortgage have offered attractive mortgage incentives for Q Bay, with buyers enjoying a maximum of 90% mortgage loan-to-value ratio at the highest property price, and a mortgage rate of HIBOR plus 1.3 basis points, with a capped rate of P, namely the current rate of 6.125 basis points minus 2 basis points.

Furthermore, Prime Property Mortgage has also offered a similar incentive scheme for buyers of Q Bay.

Regarding the overall market sentiment, Stanley Bour, Executive Director of Residential at Midland Realty, stated that the market atmosphere is visibly improving, with buyers' confidence significantly strengthened. Apart from the new developments, the sales pace of other first-hand properties is also accelerating.

For instance, the Phase 11D project of Lohas Park Ocean Pride III in Tseung Kwan O started selling 129 units today, with an expected first-hand transaction volume of 1,500 units this month.