Discovery Bay Luxury Project 'Mahn Yi' Phases Launch This Quarter
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong Holdings International (stock code: 480) and CITIC Pacific have officially disclosed the sales strategy for 'Mahn Yi' and 'Mahn Yi Phase 2,' twin luxury residential towers situated in Discovery Bay on Lantau Island. The announcement, made on September 11, reveals that since the 'Yi Tao' promotional campaign commenced, the project has attracted more than 15,000 enquiries. Starting today, completed units of 'Mahn Yi Phase 2' are available for public viewing by appointment, with formal market launch targeted within the current quarter. Pricing will benchmark against new developments in Southern Hong Kong Island and Central & Western Mid-Levels districts. Customer demographics show approximately 60% local Hong Kong buyers, 23% mainland Chinese purchasers, and 17% international clients.
Key Points
- The 'Yi Tao' masterplan encompasses roughly 1,400 units across multiple phases, with 'Mahn Yi' offering 320 flats (425–1,683 sq ft) and Phase 2 providing 170 flats (469–4,416 sq ft)
- Chen Xiuzhen, Assistant General Manager of Sales and Marketing at Hong Kong Holdings International, confirmed over 15,000 enquiries received since the promotional campaign began
- The development features a newly constructed 160,000 sq ft central park complete with a 1,200m jogging track and 950m cycling path
- Featured 'penthouse' unit at Tower 1A on floors 10–11 spans 1,757 sq ft as a four-bedroom sea-view residence with private elevator lobby
- Unit pricing will reference comparable projects in South Hong Kong Island and Central & Western Mid-Levels areas
Why It Matters
The strong buyer interest—with over 15,000 enquiries and a healthy mix of local, mainland, and international customers—signals robust demand for luxury waterfront living outside the city centre. The project's integration of resort-style amenities, including the extensive central park and cycling infrastructure, reflects evolving buyer preferences for comprehensive lifestyle offerings. Should Mahn Yi achieve successful sales figures this quarter, it could set a pricing benchmark for future island-based luxury developments in Hong Kong.
The strong buyer interest—with over 15,000 enquiries and a healthy mix of local, mainland, and international customers—signals robust demand for luxury waterfront living outside the city centre. The project's integration of resort-style amenities, including the extensive central park and cycling infrastructure, reflects evolving buyer preferences for comprehensive lifestyle offerings. Should Mahn Yi achieve successful sales figures this quarter, it could set a pricing benchmark for future island-based luxury developments in Hong Kong.