At home in nature: Yuen Long area proves popular with buyers in search of space
Feverish state of construction activity, with units in residential developments such as Grand Yoho phase two now up for sale
January 13, 2017
South China Morning Post Excerpt
Yuen Long in New Territories West has been a hive of construction activity, with new property projects announced almost every week.
Across the western area of Yuen Long, including the suburbs of Tong Yan San Tsuen, Ping Shan and Tai Tong, there are 14 new residential projects on the market, according to an electronic platform that gives details of the sales of first-hand residential properties.
Most have been on the market for a while, except the two latest ones being marketed by Sun Hung Kai Properties (SHKP) and New World Development (NWD).
Scheduled for completion later this year, the second phase of the Grand Yoho development will offer 826 residential units, spread across three blocks, in total in a diverse layout mix, from 394 sq ft to 2,125 sq ft. The majority of units will be laid out as two- and three-bedrooms.
The first batch of 166 units has just been released for sale. Stripping off discounts, the units come with a price tag of approximately HK$12,000 to HK$17,000 per square foot, which is about 20 per cent more expensive than those priced for the first phase. Selling prices range from HK$6.7 million to HK$21 million each.