Yuexiu's Atlas I Sells Out 220 Units in Second Round, Raising Over HK$1.2 Billion
Thestandard · 2 SOURCESabout 2 hours ago2 MIN
Summary
Yuexiu Property Development Limited's (0123) residential project The Atlas I in Yau Tong achieved a sell-out of all 220 units offered in its second sales round on Saturday, October 17, 2026, collecting over HK$1.2 billion in total revenue. The strong demand, including purchases by bulk buyers investing tens of millions of Hong Kong dollars, underscores robust market appetite for new private residential units in Kowloon East. The developer has subsequently unveiled a fourth price list and confirmed a third round of sales for Saturday, October 24.
Key Points
- Yuexiu Property's The Atlas I in Yau Tong sold 220 units in its second round of sales on October 17, generating over HK$1.2 billion
- The batch included 128 one-bedroom and 92 two-bedroom units, with saleable areas from 285 to 510 square feet
- Discounted unit prices ranged from HK$3.84 million to HK$8.14 million, or HK$13,012 to HK$16,171 per square foot
- Group A buyers purchased all 91 units first, with one bulk buyer acquiring four units for over HK$24.3 million
- The third round on October 24 will offer 132 units, including 96 one-bedroom and 30 two-bedroom flats
Why It Matters
The Atlas I's continued strong sales performance signals sustained demand for new private residential developments in Hong Kong's Kowloon East district, where urban renewal and infrastructure improvements are enhancing the appeal of older districts. The project's success will likely encourage other developers to accelerate tender submissions and launch timelines for sites in similar locations, potentially influencing near-term land auction outcomes and broader market sentiment in Hong Kong's property sector .
The Atlas I's continued strong sales performance signals sustained demand for new private residential developments in Hong Kong's Kowloon East district, where urban renewal and infrastructure improvements are enhancing the appeal of older districts. The project's success will likely encourage other developers to accelerate tender submissions and launch timelines for sites in similar locations, potentially influencing near-term land auction outcomes and broader market sentiment in Hong Kong's property sector .