Prior to the opening on Wednesday, the fourth round featuring 291 residential units attracted over 5,900 subscription applications, with an oversubscription ratio as high as 19 times. Observers in the industry believe that despite the brisk sales pace, unsuccessful buyers, including those seeking corner units, first-time homebuyers, and small families, continue to be the main buyers.

Following three weekends of outstanding sales performance, the developer promptly introduced new units and concluded the subscription period last night at 8 p.m. According to the latest data released by the developer, the oversubscription ratio for the 291 residential units in the fourth round of YOHO WEST sales was 19.3 times, indicating a fervent market response.

Calculating with the highest discount rate of 13.5%, the average actual price per square foot for the 291 new units at YOHO WEST is 12,139 yuan. The most affordable unit, located in Block 3A on the 9th floor (A9), has an area of 295 square feet, designed as a one-bedroom unit, with an actual entry fee of 3.3162 million yuan and an average price per square foot of 11,394 yuan. The highest-priced unit, located in Block 2A on the 45th floor (A2), has an area of 521 square feet, designed as a three-bedroom unit, with an actual selling price of 8.3408 million yuan and an average price per square foot of 16,009 yuan.

YOHO WEST's sales performance continues to thrive, especially under the condition of increasing prices. In the fourth round of sales, around 60 units experienced a price increase ranging from 1% to 3%, with a few units even accumulating a total increase of 4%. Nevertheless, the actual average price per square foot for the entire batch of units still remains around 12,000 yuan, comparable to the sales prices of the 280 units in the third round of sales.

There is strong demand in the market for 48 units priced below 4 million yuan and 222 units priced below 6 million yuan, accounting for 16% and 76% of the total, respectively. It is anticipated that the new round of sales will continue to receive enthusiastic response.

Since the beginning of this month, YOHO WEST has sold nearly 900 units in less than half a month, with total sales exceeding 4.5 billion yuan. If all units from the fourth round of sales are successfully sold, it is expected to generate sales revenue exceeding 1.5 billion yuan once again. The latest transaction involved a two-bedroom unit on the 11th floor (B2) in Block 3B, with an area of 398 square feet, selling for 5.6235 million yuan, at a rate of 14,129 yuan per square foot.

Despite YOHO WEST's strong sales performance, it has also raised some concerns. Insufficient supply and robust demand have kept property prices at relatively high levels, and some units have undergone price adjustments. While this situation is common globally, it has sparked concerns in society about increased economic pressure on the middle class and the inability of low-income individuals to afford housing costs.