The successful sales of YOHO WEST indicate a strong market demand for the project. In the second sales round last Saturday (9th), the project successfully sold 305 units at prices ranging from HKD 3.251 million to HKD 11.0943 million. This remarkable sales performance suggests that the project is likely to maintain a strong performance in future sales.
According to Thunder Leung, Deputy General Manager of New World, YOHO WEST has sold over 640 units, with a total transaction amount exceeding HKD 3.3 billion.
Due to widespread market attention, YOHO WEST will launch its third sales round this weekend. The 273 units being released have an average price starting from HKD 3.2174 million, with unit sizes ranging from 245 to 596 square feet. To attract buyers, developers are offering discounts of up to 13.5%, making the discounted actual selling prices more attractive, ranging from HKD 3.2174 million to HKD 8.9508 million, with discounted per square foot prices ranging from HKD 10,569 to HKD 15,777.
The most affordable entry-level unit is a 266-square-foot open-plan design, with a discounted price of HKD 3.2174 million and a discounted per square foot price of HKD 12,095.
The strong sales performance of YOHO WEST also reflects the regional distribution of homebuying demand. According to statistics, 40% of buyers are from Yuen Long and Tianshuiwei, 30% from other areas in the New Territories, 20% from Kowloon, and 10% from Hong Kong Island. Additionally, 5% are professionals, showcasing the project's appeal and widespread market recognition.
Located at 1 Tuen On Lane, Tianshuiwei, YOHO WEST comprises four buildings with a total of 1,393 units. Since November 20th, the developer has released price lists for 1,071 units, accounting for 77% of the overall units.
With expectations of a decrease in U.S. interest rates and the economic recovery in China and Hong Kong, New World Group's Tink Labs project in Kai Tak, known as Tiansi Hai, is also planned for launch early next year, further enriching choices for homebuyers.
