YOHO West Two-Bedroom Flat Rented in One Week
SingTao · 2 SOURCESabout 4 hours ago4 MIN
Summary
A two-bedroom flat at YOHO West in Tin Shui Wai was rented out within a week of being listed, underlining continued leasing demand at the relatively new estate. The unit, in Phase 1 Tower 3A, achieved a monthly rent of HK$16,000, or about HK$36.6 per square foot based on saleable area. The landlord bought the flat first-hand in December 2023 for about HK$5.2249 million and is now receiving a rental yield of nearly 3.7%. Market data cited in the reports also show YOHO West sits above Tin Wing Light Rail stop and was developed in two phases with 1,976 units in total.
Key Points
- Centaline Property deputy regional sales director Ng Yiu-cho (伍耀祖) said the leased unit is a high-floor A10 flat in Tower 3A of YOHO West Phase 1.
- The flat has a saleable area of 437 square feet, a two-bedroom layout, and a north-facing aspect, according to the agency description.
- It was rented for HK$16,000 per month after being listed for only one week, equivalent to about HK$36.6 per square foot.
- The owner purchased the unit first-hand in December 2023 for about HK$5.2249 million and is now earning a rental return of nearly 3.7%.
- am730 said YOHO West is at 1 Tin Yan Road, above Tin Wing Light Rail stop, with four towers and 1,976 units across two phases.
Why It Matters
For Hong Kong readers tracking the rental market, the deal suggests newer mass-market estates in the northwestern New Territories can still attract tenants quickly when pricing is in line with current demand. The reported yield also offers a reference point for owners weighing whether to hold newly completed flats for rental income rather than resale.