Mong Kok Development 'Yingqu' Nears Completion, Revised Price List Cuts 2% Discount
AM730 · 1 SOURCESabout 4 hours ago2 MIN
Summary
K. Scholar Properties and the Urban Renewal Authority's Mong Kok residential project 'Yingqu' is approaching completion as a completed development, with show flats slated to open in early November. The developer revised its price lists No. 1 and 2 on September 30, and announced the removal of a 2% High-Speed Rail Station discount effective November 10. The 122-unit development has sold 108 units for over HK$746 million, with just 14 premium high-floor units remaining unsold.
Key Points
- The project 'Yingqu' is located at 3 Aiyin Street, Mong Kok, developed by K. Scholar Properties in partnership with the Urban Renewal Authority, and received its occupation permit in April 2026
- Total of 122 units available, all featuring bedroom-plus-study layouts with saleable areas ranging from 301 to 347 square feet; the project's expected key date is October 31, 2026
- The development is a five-minute walk from the Hong Kong West Kowloon High-Speed Rail Terminal, near both MTR Olympic Station and Mong Kok Station
- As of September 30, 108 units have been sold, generating over HK$746 million in revenue; only 14 units remain, comprising 4 rare top-floor penthouse units with private rooftops and 10 standard high-floor units on levels 22 to 27
- Show flats are scheduled to open in early November, with the developer removing the 2% High-Speed Rail Station discount from November 10 due to the approaching completion date and premium positioning of remaining units
Why It Matters
The upcoming removal of the 2% discount creates a concrete deadline for buyers considering units near West Kowloon, a location the developer believes will benefit from government plans to develop the Northern Metropolis university hub. With Hong Kong's policy agenda increasingly emphasizing talent attraction, high-speed rail adjacent residential projects are positioned as key beneficiaries of anticipated demand from professionals relocating to the city .
The upcoming removal of the 2% discount creates a concrete deadline for buyers considering units near West Kowloon, a location the developer believes will benefit from government plans to develop the Northern Metropolis university hub. With Hong Kong's policy agenda increasingly emphasizing talent attraction, high-speed rail adjacent residential projects are positioned as key beneficiaries of anticipated demand from professionals relocating to the city .