Sun Hung Kai's Qian Yu in Yuen Long Sells 411 Units, 34 More Launching Saturday
SingTao · 2 SOURCESabout 3 hours ago2 MIN
Summary
Sun Hung Kai Properties' Qian Yu residential project in Yuen Long has achieved strong sales momentum, with 411 units sold as of Tuesday evening, representing approximately 95% of available price-list units and cumulative proceeds exceeding HK$2.24 billion. The developer has updated its price list and scheduled a new sale of 34 units for Saturday, with net prices ranging from HK$4.42 million to HK$6.75 million per unit.
Key Points
- As of 6pm on September 22, 2026, the Qian Yu project has cumulatively sold 411 units, accounting for approximately 95% of available price-list units, with proceeds exceeding HK$2.24 billion .
- The developer has updated Price List 6A, covering 1-bedroom and 2-bedroom units with saleable areas between 290 and 413 square feet; some premium units saw price increases of approximately 1% to 2% due to floor level and view orientation .
- Sales Arrangement No. 6 confirms 34 units will be sold via price list on Saturday, September 26, comprising 2 one-bedroom, 25 two-bedroom, and 7 three-bedroom units with areas from 290 to 498 square feet .
- The 34 units carry net prices from approximately HK$4.42 million to HK$6.75 million, translating to net prices per square foot ranging from HK$12,801 to HK$15,253 .
- An additional 84 units—including 17 three-bedroom, 34 platform specialty, and 33 rooftop specialty units with areas between 250 and 758 square feet—are available via tender .
- The project comprises three residential towers with a total of 566 units, offering 1-bedroom to 4-bedroom configurations and saleable areas from 249 to 758 square feet .
Why It Matters
The project's near-sellout of price-list units underscores robust demand for new residential launches in the New Territories, while the additional 84 units offered through tender format—which typically targets high-value specialty units—suggests the developer is maximizing revenue capture as market sentiment remains favorable .
The project's near-sellout of price-list units underscores robust demand for new residential launches in the New Territories, while the additional 84 units offered through tender format—which typically targets high-value specialty units—suggests the developer is maximizing revenue capture as market sentiment remains favorable .