Yau Tong King Hai I Draws 15,000+ Registrations, Releases 98 Additional Units
SingTao · 1 SOURCESabout 2 hours ago5 MIN
Summary
Yuexiu Property's King Hai I (擎海I) development in Yau Tong has become the talk of Hong Kong's property market, having garnered more than 15,000 subscription registrations as of Saturday. Capitalizing on the overwhelming response, the developer released a second price list featuring 98 units at unchanged prices, with net values starting from HK$3.84 million. Show flat visitors packed the Kowloon Bay exhibition venue throughout the National Day golden week holiday, with potential buyers forming long queues even in elevator lobbies. The project is expected to conduct its first round of sales as early as this weekend.
Key Points
- Yuexiu Property (Hong Kong) General Manager Li Ga (李嘎) announced the second price list covers 98 units in Towers 3 and 5, comprising 52 one-bedroom and 46 two-bedroom flats ranging from 285 to 503 sq ft
- Net prices for the new batch range from HK$3.84 million to HK$7.80 million, with net rates between HK$13,474 and HK$15,538 per sq ft after the maximum 18% discount
- The second price list carries a net average rate of approximately HK$14,468 per sq ft, about 3% higher than the first list's HK$13,988, though the developer states this reflects floor level and view differences
- Buyer analysis shows over 70% are end-users including young families, upward-trading families, and upgraders, while investors account for roughly 30% of registrations
- With 226 units across both price lists and more than 15,000 registrations, the project achieved an over-subscription ratio exceeding 65 times
Why It Matters
King Hai I's explosive reception signals robust demand for affordable new homes in the eastern New Territories, particularly among young buyers seeking entry into the property market. The project's performance during the golden week holiday demonstrates renewed optimism among both end-users and investors in Hong Kong's residential sector, potentially setting the tone for upcoming property launches in the final quarter of 2026.
King Hai I's explosive reception signals robust demand for affordable new homes in the eastern New Territories, particularly among young buyers seeking entry into the property market. The project's performance during the golden week holiday demonstrates renewed optimism among both end-users and investors in Hong Kong's residential sector, potentially setting the tone for upcoming property launches in the final quarter of 2026.