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YOHO WEST, a large-scale new property in Tin Shui Wai, is 6.4 times oversubscribed
YOHO WEST, a large-scale new property in Tin Shui Wai, is 6.4 times oversubscribed 香港
By   Internet
  • 城市報
  • Hong Kong New Developments
  • Hong Kong Property
  • Hong Kong Housing Market
Abstract: YOHO WEST, a large new development in Tin Shui Wai, Hong Kong, co-developed by New World (00016) and MTR Corporation (00066), has received a highly satisfactory response.

Reportedly, the project has received approximately 3,300 expressions of interest, oversubscribed by about 6.4 times. This news has garnered widespread attention and excitement in the real estate market.


YOHO WEST is the first new large-scale development in the Tin Shui Wai area in over three and a half years, making it highly anticipated. Responding to market demand, the developers launched 163 new units yesterday, featuring various layouts from 1 to 3 bedrooms, with practical sizes ranging from 303 to 696 square feet. The listed prices for these units range from HKD 4.0687 million to HKD 12.7147 million, and the net prices range from HKD 3.5194 million to HKD 10.9982 million.


One unit with the lowest net price of HKD 3.5194 million is located in Block 2A, 5th floor, Unit A6, with a practical area of 303 square feet, featuring a one-bedroom layout.

YOHO WEST, a large-scale new property in Tin Shui Wai, is 6.4 times oversubscribed

Another reference unit is located in Block 2B, 12th floor, Unit B8, with a practical area of 568 square feet. The listed price is HKD 7.0179 million, slightly higher than the initial listing price of HKD 7.0031 million for a unit with the same area on the 11th floor of the same block. The developer emphasized that this is due to the original price adjustment considering the floor factor.


YOHO WEST offers a total of 1,393 units, and as of now, 443 units have been released. Among them, 37 units with one bedroom are priced at HKD 4 million or below, and there are 225 units with a net price per square foot below HKD 11, accounting for approximately 50.8%. These pricing strategies and unit configurations demonstrate the developer's attention to different homebuying needs and flexible responses.


In addition to YOHO WEST, Midland Realty also has transactions for the new project, Sing Kui at Tai On in Fo Tan. Yesterday, a 3-bedroom unit with a practical area of 850 square feet on the 9th floor of Block 2 was sold for HKD 16.004 million.


Furthermore, Henderson Land (00012)'s THE HOLBORN in Quarry Bay and Wheelock Properties' KOKO HILLS in Lam Tin also had new transactions, selling for HKD 5.9065 million and HKD 30.33 million, respectively. These transactions indicate active trading in the new property market, with a diverse group of buyers, including mainland professionals, medical students, and local families."

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YOHO WEST, a large-scale new property in Tin Shui Wai, is 6.4 times oversubscribed
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