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Yuen Long YOHO Town, YOHO MIDTOWN transactions hit 1-year high
Jan 30, 2023
Yuen Long YOHO Town, YOHO MIDTOWN transactions hit 1-year high Hong Kong
By   Internet
  • City News
  • Housing projects
  • houses for sale
  • Yuen Long
Abstract: The traditional "mini-brightening" of the property market, which occurs only after the Lunar New Year, arrived early in some areas.

Driven by the news of the passage of the scheme, YOHO Town in Yuen Long recorded about 9 transactions in January, a record high in the past year. Most of the transactions were for 2-bedroom units, with prices ranging from $6 million to $6.5 million, a drop of about 20% from the peak.


The 2-bedroom unit, with a saleable area of 393 sq ft and an asking price of $5.85 million, was the entry unit for the estate.


The flat has a square opening and is in its original first-hand condition of about 19 years ago.


There is a footbridge within the estate to facilitate residents' access to Point I for their daily needs.


As for YOHO MIDTOWN, Phase 2 of the same series, about 3 transactions were recorded in January, and the property price of the 2-bedroom unit also dropped by about 10% from the high level.


With a saleable area of 443 square feet and an asking price of $8 million, the property has a view of Yuen Long West Rail Station and Shenzhen's Deep Bay.


The property is about 13 years old and has a terrace design. The kitchen and bathrooms are maintained in first-hand original condition but are clean and well maintained.


A large shopping mall in the shape of Point I is located at the base of the estate, which provides access to the Yuen Long West Rail Station.


YOHO series is SHKP's key development in Yuen Long, with four phases of development.


It has been about 20 years since the sale of YOHO Town in 2003, with The YOHO Hub Phase C still to be launched.


The base of the project will be a shopping mall, and together with the Shape Point, will form the largest shopping mall in the North West New Territories, making YOHO a self-sustaining small community.

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