As The YOHO Hub II project is about to be launched in Yuen Long, the market enthusiasm remains high, currently having collected 7,000 subscription tickets, resulting in a staggering 32 times oversubscription. This highly anticipated new development will officially go on sale this Saturday, offering a total of 210 residential units, including 81 two-bedroom units and 129 three-bedroom units. Developer Sun Hung Kai Properties, together with its membership service Sun Hung Kai Club, is offering additional benefits to homebuyers, including an exclusive 1% purchase discount.

Sun Hung Kai Properties' Deputy Managing Director, Chan Hon Lam, stated that the response to the first round of sales will determine whether additional units will be launched subsequently. Moreover, Sun Hung Kai Club's Managing Director, Tse Man Kuen, elaborated on the membership purchase discount details, where Sun Hung Kai Club members can enjoy a 1% discount on the selling price when purchasing units at The YOHO Hub II.

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Homebuyers who submit a registration of intent to purchase will receive a range of promotional gifts, including 100 Point Dollars and a 100 HKD Go Royal dining voucher. Additionally, spending over 200 HKD at YOHO MALL entitles shoppers to an extra 20 HKD Yata voucher and other exquisite gifts. To add to the fun and interactivity of home buying, there will also be a live opinion-sharing lucky draw event on-site, with prizes including shopping vouchers worth a total of 1,800 HKD.

The launching prices for The YOHO Hub II range from 6.8292 million to 13.3256 million HKD, with effective prices per square foot ranging from 13,008 to 16,214 HKD. The competitively priced units and a variety of residential options are designed to meet the diverse needs and budgets of different homebuyers.

In terms of market dynamics, Lang Shine Peak IIA in Ho Man Tin, another rail-related development, recently sold six units with saleable areas ranging from 899 to 998 square feet, and transaction prices varying between 19.8 million to 24.463 million HKD, corresponding to a price per square foot of approximately 21,470 to 24,512 HKD. According to Liang Shuyi, General Manager of Sales and Marketing at Eagle Real Estate, Lang Shine Peak IIA has now cumulatively sold 511 units, with a total transaction volume exceeding 6.3 billion HKD.

On another note, Hang Lung Properties recently sold a mansion via tender at 23-39 Blue Pool Road in Happy Valley. The mansion, with a saleable area of 4,599 square feet, fetched a transaction price of 250 million HKD, averaging about 54,360 HKD per square foot.