Sun Hung Kai Properties (SHKP) and MTR Corporation have officially launched the residential sales for YOHO WEST PARKSIDE, the second phase of their development project located near the Tin Shui Wai Light Rail. The announcement came on February 25, 2025, and includes the initial offering of 105 units, ranging from one-bedroom to three-bedroom layouts.
According to SHKP's Deputy General Manager, Jodie Leung, the pricing strategy presents significant value for potential homeowners. "The opening price of the first batch of units is extremely cost-effective," she stated, emphasizing the affordability of the project. The units are priced between approximately HKD 3.02 million and HKD 10.41 million after applying discounts of 5% and upfront cash rebates of up to 4% for early payment of the total purchase price.
YOHO WEST PARKSIDE is strategically positioned to cater to the rising demand for housing, especially as the market shows signs of revival. This residential scheme offers 525 total units, comprising various configurations, including one-bedroom, two-bedroom, and up to four-bedroom apartments with sizes ranging from 267 square feet to 1,072 square feet.
The project has been warmly received, with the public show flats scheduled to open on February 26, 2025, and ticket collection commencing February 27, 2025. "We expect strong sales due to convenient transport and community facilities," mentioned Hu Zhiyuan, the General Manager overseeing the sales process.
The first sales price list features 14 one-bedroom apartments, 65 two-bedroom units, and 26 three-bedroom residences. The practical sizes of these units vary between 303 and 679 square feet, offering various options to potential homeowners.
Market analysts have noted YOHO WEST PARKSIDE’s advantageous pricing strategy, which has positioned it competitively against recent offerings within the area. For reference, the average price per square foot after discounts stands at approximately HKD 10,868.
The construction features two interconnected residential towers, labeled 1A and 1B, each comprising 46 floors with designated floors for amenities. Modernized transport access through the nearby Light Rail station enhances the project's appeal, often cited as convenient for everyday commuters.
This launch is seen as part of SHKP’s broader strategy to meet the housing needs amid fluctuated economic conditions and rising demand from buyers seeking affordable options. Given the trends observed across the housing sector, industry experts anticipate sustained interest and positive feedback upon the commencement of sales, particularly following favorable market conditions and positive stock performance linked to real estate.
The unit types range not only from straightforward one-bedroom apartments but also include specialty designs such as two-bedroom units with storage rooms, enhancing practical living spaces for families or individuals.
To attract buyers during this competitive period, the project offers incentives such as substantial discounts for upfront payments—a strategic move likely to entice prospective buyers, particularly first-time homeowners.
With the first-batch units now available, SHKP aims to replicate the successful sales momentum experienced during earlier phases of their developments. The company is optimistic about extending their offerings and even potential price adjustments should market conditions allow. With rising interest and commitment from the community, the anticipated success of YOHO WEST PARKSIDE could set the stage for upcoming residential projects from both SHKP and MTR.