Beidu YOHO opens 13% higher at 20,000 sq. ft., sells 6.85 million at 325 sq. ft., first launches 206 units for Christmas sale

28Hse Editor  2021-12-17  #New Properties

The finale this year, the SHKP West Rail Yuen Long Station Superstructure Project The YOHO Hub announced its first price list yesterday, involving 206 units with an area of approximately 325 to 1,036 square feet. Calculated at a maximum discount of 12%, the discounted price is RMB 6,851,600 to RMB 20,835,700. The discounted average price per square foot is RMB 19,899, which is about 9% to 13% higher than the second-hand price per square foot in the region. However, the developer described the selling price as "unlimited price at the top of Beidu Station", and it is expected to be launched around the Christmas holiday. reporter Yan Lunle

SHKP Deputy Managing Director Lei Ting said yesterday that the first price list of The YOHO Hub in Yuen Long was discounted to an average price of RMB 19,899 per square foot, which is the "unlimited price for the top of the North Metropolis". Although the Fed hinted yesterday that it will raise interest rates three times next year, the Thunder still expressed optimism about the prospects of the property market, referring to the strong performance of the first-hand property market this year. It is believed that the first-hand transaction volume for the whole year has a chance to exceed 17,000, an increase of 20% year-on-year. With the new crown pneumonia epidemic in Hong Kong under control, further customs clearance and economic recovery, I believe that next year's first-hand transaction volume will have the opportunity to exceed 18,000, a record high.

Push one or two mortgages to borrow 75% of the property price

The price list shows that this time involves 34 1-bedroom units, 56 2-bedroom units, 68 3-bedroom units and 48 4-bedroom units, with a market value of more than 2.8 billion yuan. Units range from 325 sq. ft. to 1,036 sq. ft., and the price list is from RMB 7.786 million to RMB 23.677 million, and from RMB 20,438 to RMB 25,434 per square foot. The price list provides 3 payment methods, including 45-day payment plan (12% discount), 270-day payment plan|(10% discount) and construction period payment plan (8% discount). In addition, The YOHO Hub Fans also has cash discounts. . Calculated with a maximum discount of 12%, the discounted price is RMB 6,851,600 to RMB 20,835,700, and the price per square foot is RMB 17,986 to RMB 22,382.

The admission price this time is the unit F on the 6th floor of Block 1, with an area of 325 square feet and one room partition. The discounted price is RMB 6,851,600. The project is the same as the previous projects in the same department. The "King's Key" mortgage plan is launched, and the maximum 80% one mortgage and super two mortgages are introduced. However, if you apply for one and two mortgages at the same time, the total amount cannot exceed 75% of the property price.

There is room for price increase for new land materials

SHKP Acting General Manager Chen Hanlin said that there will be room for fare increase depending on the response and further arrangements. The project will open the demonstration unit for public viewing today. Tickets will be collected this Saturday and the first round of sales will be launched as soon as around the Christmas holiday. Chen Yongjie, vice chairman and president of the residential department of Centaline Properties Asia Pacific, believes that the new market is attractive, pointing to the comprehensive living facilities in the Yuen Long community, the huge appreciation potential, and the attractiveness of the project to the market. He also predicted that this month's one-handed volume has a chance to reach the level of 1,500. Chen Guangyu, the sales director of Midland Realty Northwest District, said that the price of the project is attractive and competitive, and it is believed that it can attract all kinds of customers.

According to data, the Yuen Long YOHO series of new disks that have been completed include Grand YOHO, YOHO Midtown and YOHO Town. The average price per square foot ranges from 17,630 to 18,269 yuan. The YOHO Hub is about 9% to 13% higher than second-hand in the area. The current average price per square foot of the Xin Yuen Long Centre (28 years old) adjacent to the property is about $14,101.

The YOHO Hub (Phase B of The YOHO Hub) is located above Yuen Long Station. It includes Blocks 1, 2, 3 and 5, covering one-bedroom to four-bedroom units, with an area ranging from 317 square feet to 1,182 square feet, of which about 45% is one Two-bedroom and two-bedroom units. As early as August 2015, SHKP acquired a plot of 9.32 billion yuan, with a land price per square foot of 6,350 yuan. The project is developed in two phases, providing a total of 1,969 units. This time, Phase B provides 1,030 units and is located in the north of the project.

Junhui has the opportunity to go on sale before the end of the year

In addition, Ezhao Group and Chun Wo Development's Mong Kok Soy Street Junhui also entered the straight road. Lin Hao, vice president of Ezhao Group Holdings, said that the project was uploaded to the building brochure yesterday and will be launched on the market in a short period of time. It will go on sale before the end of the year. The project opened 3 show flats yesterday, including 2 delivery standards and 1 with decoration, with an area of 228 square feet and 193 square feet respectively.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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