UNI Residence Opens Show Units, Developers Eye Price Hike for Remaining Units
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Tai Hung Development (369) and Vanke Hong Kong jointly developed the UNI Residence project in Tai Wai, Sha Tin, which has officially received its occupation permit. On September 9, 2026, the project opened its completed show units and the UNI CLUB amenity facility to media for inspection. According to Yang Cong-yong, Executive Director and Sales and Marketing Director at Tai Hung, the project has cumulatively sold 187 units out of 240 total, representing nearly 80% of inventory, generating over HK$1 billion in revenue. Sales momentum has continued with 15 units sold over the past weekend alone, bringing in over HK$100 million. With approximately 50 units remaining, representing about 20% of total inventory, developers expressed confidence in raising prices for the remaining units.
Key Points
- UNI Residence has sold 187 of 240 units (nearly 80%), generating over HK$1 billion in revenue with 50+ units remaining
- Buyer mix comprises 60% local and 40% mainland purchasers; end-users and investors split evenly
- Project is adjacent to East Rail Line stations and university circle, targeting HK$75-80 per sq ft rental yield
- Two show units on 29/F feature 292-297 sq ft one-bedroom layouts with views of Lion Rock and Tai Wai station
- The UNI CLUB amenity facility spans approximately 6,600-8,600 sq ft, designed by London's Conran and Partners
Why It Matters
The strong sales performance and buyer interest demonstrate sustained demand for new residential projects near major transportation hubs and universities in the New Territories. The developers' confidence in raising prices reflects a broader trend in Hong Kong's property market where strategic locations with clear rental prospects continue to attract both end-users and investors despite broader market headwinds. This development also highlights the growing collaboration between local and mainland developers in Hong Kong's competitive residential market.
The strong sales performance and buyer interest demonstrate sustained demand for new residential projects near major transportation hubs and universities in the New Territories. The developers' confidence in raising prices reflects a broader trend in Hong Kong's property market where strategic locations with clear rental prospects continue to attract both end-users and investors despite broader market headwinds. This development also highlights the growing collaboration between local and mainland developers in Hong Kong's competitive residential market.