As the first new property in the second half of the year in the "Northern Metropolitan Area", Pan Ocean International's Hung Shui Kiu Metro I closed last night and received nearly 2,000 votes, with the first round of sales tomorrow 188 units, over-registered by nearly 10 times.

There are 623 units in Hui Du I, the first round of sale of 188 units will be held tomorrow, with sizes ranging from 287 to 498 square feet, covering 1 bedroom to 3 bedrooms, discounted by the maximum discount of 14%, the discounted price is from $4,492,000 to $7,144,000, and discounted foot price is from $12,688 to $15,773. 

In recent years, the Government has been vigorously promoting the "North Metro Area" to facilitate Hong Kong's integration into the Guangdong-Hong Kong-Macao Greater Bay Area development. Hung Shui Kiu will be developed into a core business district and will provide more than 22 million square feet of commercial floor space. In addition, the MTR Tuen Mun Line is planned to add the Hung Shui Kiu Station is expected to start construction next year, to be completed in 2030, the station will become the starting point of the "Hong Kong-Shenzhen Western Railway", connected to Qianhai, further enhance Hung Shui Kiu as the core business district of the New Territories North, coupled with the "North Metro Area" is expected to create 150,000 jobs in the field of science and technology, which is good for the professionals to move into the area, and the district also has a large shopping center and livelihood support, which is beneficial to drive the demand for housing in the district.

At present, it takes about 25 to 30 minutes to drive from Hung Shui Kiu to Tsim Sha Tsui and the financial district in Central, and only 45 minutes to take the Light Rail or bus, which can realize the one hour living circle, and it is very fast and convenient for professionals to travel from Hung Shui Kiu to the north or to the south.

After a quarter of a century of land resumption, premium payment and preparation for development, The Gateway at 1 Hung On Lane, Hung Shui Kiu has benefited from the development of the North Metro Area. The project is close to the LRT station and the Hung Shui Kiu Station of the Tuen Mun Line, which is planned to be constructed next year, as well as a large shopping mall in the vicinity.

Comprising five 12-storey towers with 1,025 units, The Gateway is the largest new development in Hung Shui Kiu in recent years, covering 1-3 bedrooms, with 70% of 2-bedroom units. Among them, Metro I accounts for 623 units.

The development is also up-to-date with the times, equipped with 5G network, the units are equipped with large 3-in-1 balconies with floor-to-ceiling glass sliding doors, the main door is equipped with Samsung smart electronic door locks, the dining room and bedrooms are equipped with USB charging sockets, the bathrooms are designed with open toilets, equipped with make-up mirrors and bathtub flaps, and the one-bedroom bathrooms are also equipped with convenient seating in the shower cubicles.

Midland Realty Residential Chief Executive Officer (Hong Kong and Macau) Boo Siu-ming said that the Government has been keen to develop the Northwest New Territories region in recent years, launching the Hung Shui Kiu/Ha Tsuen New Development Area Plan, as well as the concept of "North Metro Area", etc., in anticipation of building the Hung Shui Kiu area into the core business district of the New Territories North; in order to dovetail with the relevant planning, the Government has vigorously promoted the transport infrastructure, including the addition of Hung Shui Kiu Station on the existing Tuen Mun Line, and continues to push forward the connection between Hung Shui Kiu and the Mainland. Hong Kong-Shenzhen Western Railway which connects Hung Shui Kiu and Qianhai, a key location for innovation and technology, will boost the demand for housing for self-occupation as well as investment and rent collection in the district.

He also pointed out that the first price list of Metro was launched in the market at an attractive price, coupled with small and medium-sized units, it is believed to attract a lot of users and long-term investors, and the proportion of investors is expected to reach 40%, and it is expected that the rent of the foot in the future can reach $30 to $33, with a return of up to 3%.

Centaline Real Estate Asia Pacific Vice Chairman and President of the Residential Department, Chen Yongjie also said that the Hui are just demand property, and enjoy the advantages of the railroad, the first batch of the average price of the first-hand about 10% lower than the nearby, coupled with the lack of neighboring first-hand one-bedroom units to choose from, the New Territories is expected to account for 80% of the clientele, 20% of the investor.