Yuen Long Chin Yu Project Sells 393 Units, Grossing HK$2.15B
SingTao · 2 SOURCESabout 4 hours ago2 MIN
Summary
Sun Hung Kai Properties' residential project Chin Yu in Yuen Long continues to attract strong market interest. Since its launch, the project has sold 393 units, representing over 91% of available priced units, with cumulative sales proceeds reaching approximately HK$2.15 billion. On September 12, the project recorded another high-price transaction involving a two-bedroom unit on the 12th floor of Tower 2, reflecting continued buyer confidence in the project's quality and future growth potential.
Key Points
- Chin Yu, developed by Sun Hung Kai Properties, has cumulative sold 393 units since launch, accounting for over 91% of priced units
- Cumulative sales proceeds reached approximately HK$2.15 billion, demonstrating strong market reception
- On September 12, a Unit H on 12/F of Tower 2, a 391-sq-ft two-bedroom unit, was sold at HK$15,238 per sq ft
- The project comprises 3 residential towers with 566 units total, ranging from 1-bedroom to 4-bedroom units, with saleable areas from 249 to 758 sq ft
- In August alone, the project sold 108 units with proceeds exceeding HK$610 million, indicating sustained sales momentum
Why It Matters
The strong sales performance of Chin Yu signals sustained demand for new residential developments in the New Territories, particularly for projects with strategic location advantages and comprehensive lifestyle amenities . This performance also reflects Sun Hung Kai Properties' continued ability to command premium pricing and achieve high absorption rates, which could bode well for upcoming launches in the Hong Kong property market .
The strong sales performance of Chin Yu signals sustained demand for new residential developments in the New Territories, particularly for projects with strategic location advantages and comprehensive lifestyle amenities . This performance also reflects Sun Hung Kai Properties' continued ability to command premium pricing and achieve high absorption rates, which could bode well for upcoming launches in the Hong Kong property market .