Sun Hung Kai Properties has officially released the first price list for the new residential development, YOHO WEST PARKSIDE, situated above the Tin Shui Wai light rail station. Announced on February 25, 2023, the price list includes 105 flats with attractive offer conditions, highlighting the developer's eagerness to engage potential buyers.
The project, which is the second phase of the YOHO WEST development, features apartments priced competitively at approximately HK$10,868 per square foot on average after discounts. This pricing mirrors the competitive rates set during the launch of the first phase of YOHO WEST, which was introduced to the market in November 2022. Interestingly, the lowest discounted price per square foot is set at HK$9,670 for one specific unit encompassing 411 square feet.
According to the details released, the cheapest unit available on the list is a cozy one-bedroom apartment with a total area of 303 square feet. After applying the designated discounts, this unit is priced at HK$3.03 million, translating to HK$9,983 per square foot. The layout of the units offers significant variety, encompassing configurations from one to four bedrooms, catering to different buyer needs.
The vice president of Sun Hung Kai Properties, Leung Ting, emphasized the value proposition of these units, describing the initial pricing scheme as “superb value for money.” He noted the positive reception of the quality and design from the first phase's buyers, encouraging confidence about the sales of this latest offering. "We believe continuation of strong sales is likely, especially since the quality of the apartments reflects positively on our brand and previous developments," Leung remarked.
YOHO WEST PARKSIDE encompasses two interlinked towers, standing 46 stories tall, which will offer 525 residential units. It consists of various unit layouts, including open kitchens, standard kitchens, and designated storage spaces, contributing to the overall appeal for potential homeowners. The sizes of these units vary widely, ranging from 267 square feet to 1,067 square feet, ensuring accessibility for different financial capabilities.
To make the deal even sweeter, Sun Hung Kai Properties is providing buyers with incentives such as up to 5% discounts, alongside promotional cash rebates of up to 4% for transactions completed within 180 days. This aggressive approach reflects the company’s strategy to attract buyers amid competitive market conditions.
The sales brochure featuring these details has been uploaded to the project's official website, allowing interested buyers to navigate their options. On February 26, 2023, demonstration units showcasing two-bedroom and three-bedroom layouts will be open for media and public viewing, with ticket sales commencing on February 27, 2023. This move is anticipated to generate interest prior to the official sales arrangements being announced next week.
Potential homeowners can expect to see significant amenities associated with this development, as it promises over 30 facilities within the project’s clubhouse, named YOHO HOUSE, alongside outdoor garden spaces totaling approximately 100,000 square feet. Given the convenience of its stations, it's no surprise these offerings are expected to be alluring for buyers—especially for young professionals and families seeking accessible transportation and lifestyle options.
Located at No. 1 Tin Yan Road, this development is strategically positioned for convenient access to social infrastructure, promoting its appeal as not just a residence but as part of a vibrant community. With the project completion date set for September 30, 2026, prospective buyers are weighing their options to either invest or occupy these attractive urban spaces.
Overall, the release of YOHO WEST PARKSIDE’s price list marks another milestone for Sun Hung Kai Properties and continues to contribute to the Hong Kong real estate market's dynamic nature. Real estate activity remains strong, signaling consumer confidence and demand for new residential spaces amid balanced market conditions.