The Atlas I sells all 132 units in third round
Thestandard · 1 SOURCESabout 4 hours ago1 MIN
Summary
Yuexiu Property’s The Atlas I in Yau Tong sold out all 132 price-listed units offered in its third round of sales on Saturday, with the batch taking in more than HK$710 million. The developer said the project has now sold 570 units in the two weeks since launch, generating more than HK$3.3 billion
Key Points
- Buyers queued up for the third round of sales of The Atlas I, Yuexiu Property’s Yau Tong residential project, before all 132 listed units were sold on Saturday
- The third batch included 96 one-bedroom units, 30 two-bedroom units and six platform special units, with saleable areas from 278 to 497 square feet
- Discounted prices for the released homes ranged from HK$3.89 million to HK$7.78 million, equivalent to HK$13,038 to HK$16,769 per square foot
- Yuexiu Property said the third-round sale alone brought in more than HK$710 million after the full take-up of all listed units
- Since launch two weeks ago, The Atlas I has sold a total of 570 units and generated more than HK$3.3 billion, according to the developer
Why It Matters
The latest sell-out gives Hong Kong homebuyers a fresh indication of where demand is concentrating in the new-home market: compact and mid-sized units at clearly defined entry prices. For developers, the pace of take-up at The Atlas I will be watched as a reference point for pricing and launch strategy in upcoming primary-market sales