Sun Hung Kai's The Quinn Tops New Home Sales with 317 Units Sold
On.cc · 2 SOURCESabout 2 hours ago4 MIN
Summary
Sun Hung Kai Properties' (0016) Yuen Long residential project The Quinn (芊御) has emerged as the top-performing new development in Hong Kong's primary market, recording 18 transactions between March 3 and March 9—the highest among all first-hand new projects during the same period . This latest sales momentum pushed cumulative transactions past the 300-unit milestone to 317 units, with total cash receipts exceeding HK$1.7 billion .
Key Points
- The Quinn recorded 18 transactions during the week of March 3-9, ranking first among all Hong Kong first-hand new developments during that period .
- All transactions during the period involved two-bedroom units with saleable areas ranging from 359 to 413 square feet .
- Transacted prices ranged from approximately HK$5.22 million to HK$6.4 million, with per-square-foot prices between HK$13,148 and HK$16,699 .
- Cumulative sales since launch have reached 317 units, with over 95% of priced-list units already sold, reflecting strong market recognition .
- The development comprises three residential towers offering 566 units in total, with unit types ranging from one-bedroom to four-bedroom configurations and saleable areas from 249 to 758 square feet .
Why It Matters
The strong sales performance of The Quinn in Yuen Long, a non-core district, signals sustained end-user demand for compact, affordably priced units in the mass residential market. With nearly all priced-list units absorbed, the development's success may encourage other developers to accelerate launches in the New Territories, potentially reshaping supply patterns in Hong Kong's primary housing market.
The strong sales performance of The Quinn in Yuen Long, a non-core district, signals sustained end-user demand for compact, affordably priced units in the mass residential market. With nearly all priced-list units absorbed, the development's success may encourage other developers to accelerate launches in the New Territories, potentially reshaping supply patterns in Hong Kong's primary housing market.