According to the latest updates, YOHO WEST has sold around 265 new units in the market in the past 48 hours, with 246 units sold since the start of the third round of sales on Saturday. Due to the exceptionally favorable sales situation, the developers plan to launch the fourth round of sales this Wednesday, with an expected release of 291 new units.

Since the initiation of the first round of sales, nearly 900 units have been sold in just 15 days, accumulating a total sales value exceeding HKD 4.5 billion. This strong sales performance has garnered widespread attention in the market and reflects the strong demand from homebuyers for high-quality properties.

In addition to YOHO WEST, other new developments have also achieved remarkable sales figures. China Overseas' Kowloon East Victoria Harbour No. 1 project recently sold a 656-square-foot 3-bedroom unit on the 25th floor of Block 2B for HKD 14.796 million, with a high per-square-foot price of HKD 22,555.

The Sunrise Kowloon Peak III project has sold three units, including a 371-square-foot unit on the 23rd floor of Block 3B for HKD 6.364 million, translating to a per-square-foot price of HKD 17,153. The Stars of Kaitak project by Cheung Kong Property also recorded unit transactions, with a 774-square-foot 3-bedroom suite with a study on the 10th floor of Block 2 selling for HKD 14.406 million, at a price of HKD 18,612 per square foot.

The strong sales of these new developments not only contribute to the market's recovery but also play a positive role in stimulating the entire Hong Kong economy. The revival of the Hong Kong property market has brought more business opportunities to industries such as construction, renovation, and home furnishings, stimulating consumption and employment growth. Additionally, the active real estate market helps boost confidence among citizens, enhancing their optimism about future economic development.

In addition to the resurgence in market demand, favorable policies are also supporting the recovery of the property market. The Hong Kong government's "Pay First, Refund Later" policy allows buyers to gradually pay stamp duties over the next few years, reducing the barriers and burdens of home purchase, attracting more people to invest in property. Furthermore, the Hong Kong SAR government is intensifying efforts to increase land supply, promoting the development of new projects and providing more choices to the market.