Henderson's Ying Hui project in Hung Hom launches 28 more units, records 1,200 subscriptions
AM730 · 2 SOURCESabout 4 hours ago2 MIN
Summary
Henderson Land Development's Hung Hom residential project Ying Hui has recorded approximately 1,200 subscription forms as of Sunday afternoon, prompting the developer to launch a third price list with 28 additional units . The new batch of units, spanning one- to three-bedroom layouts, carries net prices starting from HK$5.76 million, representing a 10% discount from list prices .
Key Points
- Henderson Land (Stock Code: 012) is developing the MIDTOWN SOUTH Phase 6 project named "Ying Hui" located at 28 Whampoa Street in Hung Hom
- The project is a 26-storey residential tower with commercial and restaurant facilities on G/F and 1/F, and recreational amenities on 2/F and 3/F
- As of 5:30 PM on Sunday, the project had accumulated approximately 1,200 subscription forms for 111 units across the first three price lists, representing over-subscription of more than 9 times
- Price List 3 covers 28 units: 10 one-bedroom, 2 two-bedroom, and 16 three-bedroom apartments with saleable areas from 278 to 418 sq ft
- Net prices range from HK$5.76 million to HK$10.38 million, translating to net prices per sq ft from HK$20,713 to HK$24,825
- The most affordable unit is Flat K on the 16th floor, a 278 sq ft one-bedroom apartment priced at HK$5.76 million or HK$20,713 per sq ft
- The project offers 34 residential parking spaces across two basement levels and a residents' clubhouse spanning 4,512 sq ft
Why It Matters
The strong subscription response with over 9 times over-subscription signals robust demand for new private residential units in Hung Hom's redevelopment zone, potentially influencing pricing strategies for upcoming projects in the same area . This performance also reflects buyer confidence in Henderson Land's brand and the strategic location near the former Whampoa Garden site, which may set a benchmark for the broader Hung Hom property market .
The strong subscription response with over 9 times over-subscription signals robust demand for new private residential units in Hung Hom's redevelopment zone, potentially influencing pricing strategies for upcoming projects in the same area . This performance also reflects buyer confidence in Henderson Land's brand and the strategic location near the former Whampoa Garden site, which may set a benchmark for the broader Hung Hom property market .