Wing Tai-Vanke UNI Residence Secures Occupation Permit, Launches New Sales Incentives
AM730 · 3 SOURCES1 day ago6 MIN
Summary
The UNI Residence development in Tai Wai, jointly developed by Wing Tai Properties (369) and Vanke Hong Kong, has obtained its occupation permit, marking the transition to现货楼 (completed unsold units) sales. As of August 31, the project has sold 172 units, accounting for approximately 72% of the total 240 units, generating about 8.7 billion HKD in revenue . With 68 units remaining, including one special unit and 40 units on the current price list, the developer is preparing to launch three new sales incentives while planning to open the completed show flats and clubhouse for public viewing .
Key Points
- Wing Tai Properties and Vanke Hong Kong's UNI Residence in Tai Wai has received its occupation permit, with 172 of 240 units sold, generating 8.7 billion HKD .
- The developer will update the price list for 40 remaining units with three new incentives: two years of free management fees, furniture packages for studio and one-bedroom units, and parking space purchase rights for buyers purchasing two or more units .
- Centaline Property is offering a special promotion: the first five buyers who purchase through the agency and subsequently rent out their units via Centaline will receive one year of free property management services valued at 80,000 HKD .
- The project is located above Tai Wai Station, benefiting from dual MTR lines (East Rail Line and Tuen Ma Line) and proximity to the new Luen Ma Wing Shopping Centre .
- Market rental expectations indicate one-bedroom and two-bedroom units currently available for rent at monthly asking rents of 22,000 to 27,000 HKD, with anticipated rents reaching 75 HKD per sq ft upon occupation and rental yields exceeding 4.5% .
- August primary market transactions reached approximately 1,100 units, a 20% month-on-month increase and a three-month high, with September transactions expected to range between 1,200 and 1,500 units .
Why It Matters
The successful sales performance and new incentives at UNI Residence reflect the robust demand for residential properties near major railway infrastructure in the New Territories. With the rental market continuing to strengthen due to increasing arrivals of professionals and overseas students, projects with convenient transportation links are likely to attract both end-users and investors seeking attractive rental yields, potentially sustaining momentum in the primary residential market through the autumn season .
The successful sales performance and new incentives at UNI Residence reflect the robust demand for residential properties near major railway infrastructure in the New Territories. With the rental market continuing to strengthen due to increasing arrivals of professionals and overseas students, projects with convenient transportation links are likely to attract both end-users and investors seeking attractive rental yields, potentially sustaining momentum in the primary residential market through the autumn season .