Yuexiu Keng Hoi I Sells Out 200 Units in First Round, Raises Prices 1% for 194-Unit Second Launch
SingTao · 4 SOURCES1 day ago6 MIN
Summary
Yuexiu Property's Keng Hoi I development in Yau Tong achieved remarkable success on Saturday, October 10, 2026, when all 200 units offered in the first round of sales were completely sold, generating over HK$1.09 billion in proceeds . The overwhelming response prompted the developer to launch Price List 3 on Sunday with 194 additional units, implementing a modest 1% price increase . The project's competitive pricing, with net average prices starting from HK$14,688 per square foot, drew nearly 40,000 subscription registrations within a week, making it one of the most sought-after new developments in Kowloon in recent years .
Key Points
- Yuexiu Property (香港) General Manager Li Ga announced the first-round sales success, with 200 priced units sold out in under a day
- Price List 3 adds 194 units from Blocks 3 and 5, covering 112 one-bedroom and 82 two-bedroom units
- Net prices range from HK$4.1801 million to HK$8.1401 million, with net psf from HK$13,012 to HK$16,171
- The project received 39,810 subscription registrations (A-group: 9,526; B-group: 30,284) within seven days
- The largest buyer purchased four units for over HK$27.1 million, including three two-bedroom and one one-bedroom unit
- Located at 23 East Yuen Street, Yau Tong, the development comprises 1,339 units across five residential towers in three phases
- Phase 1 (Keng Hoi I) offers 617 units with sizes ranging from 242 to 721 square feet; expected completion is December 30, 2028
- The maximum discount offered is 18%, making the first batch's average net price HK$13,988 psf the lowest in Kowloon in a decade
- Rental yields are projected to exceed 4% given the waterfront location and MTR accessibility, with market rents estimated at HK$45-55 psf
Why It Matters
The strong reception of Keng Hoi I signals continued robust demand for affordably priced new developments in the eastern Kowloon corridor, where the area has transformed into a seaside residential hub attracting young professionals, families, and tenants seeking quality rental returns . With the second round of sales anticipated this weekend and over 6,000 enquiries received, the project's performance will likely set pricing benchmarks for upcoming waterfront launches in the Yau Tong and Tseung Kwan O areas.
The strong reception of Keng Hoi I signals continued robust demand for affordably priced new developments in the eastern Kowloon corridor, where the area has transformed into a seaside residential hub attracting young professionals, families, and tenants seeking quality rental returns . With the second round of sales anticipated this weekend and over 6,000 enquiries received, the project's performance will likely set pricing benchmarks for upcoming waterfront launches in the Yau Tong and Tseung Kwan O areas.