The new “Policy Address” will be released tomorrow, and SHKP (0016) chose to offer the price the day before. Yuen Long Kam Tin North PARK YOHO Bologna announced its first price list today (18th). The first batch involves 50 units. The average square foot price is 13,088 yuan, and the discounted price starts from 3,908,900 yuan. It is an open-plan apartment. Lei Ting, deputy managing director of SHKP, described the first price list as “the strongest new listing price”.
All units discounted below 9 million
The first batch of 50 units, involving open-plan to three-bedroom units, of which 5 units are open-plan units, 7 units are one and a half-bedroom units, 16 units are one-bedroom duplex units, 5 units are two-bedroom units, and 17 units are three-bedroom units, with a usable area of 279 units. To 674 square feet, the price list is priced from 4.626 million to 10.473 million yuan, the price per square foot is from 14,661 to 17,086 yuan, with a maximum discount of 15.5%, the discounted price is from 3.9089 million to 8.8496 million yuan, and the discounted price per square foot is from $12,388 to $14,438. The market value of the whole batch is about 380 million yuan.
Chen Hanlin, the acting general manager of SHKP, said that the listing has always been opened at the market price, and the price of the first price list is attractive, hoping to help the long-awaited home buyers in the market. It is also said that the Group has its own timetable for launching the market, which has nothing to do with the time when the “Policy Address” was released. The project will open the existing building this afternoon for buyers to visit, and tickets will be collected on Sunday.
At the same time, the developer also provides a progressive payment method for one-bedroom duplex units. Chen Hanlin pointed out that if the market responds well, it cannot be ruled out that the progressive contribution will be pushed to other apartment types.
5.36 million can live in the existing one-bedroom duplex
Among them, the flattest unit is an open-plan apartment, located in Room D, 2/F, Block 8A, with a usable area of 279 square feet, and the discounted price is 3.9089 million yuan, or 14,010 yuan per square foot. As for the newly launched one-bedroom duplex with suites, the flattest unit is priced at RMB 5.364 million. It is located in Room F on the 2nd and 3rd floors of Block 8B, with a usable area of 433 square feet and a discounted price of RMB 12,388 per square foot.
PARK YOHO, a development project in SHKP, has a total of seven phases and has been launched in phases since 2015. Referring to the figures from the Central Plains, the average discounted price of the first batch of units in the previous six phases ranged from 10,200 to 15,200 yuan (see the chart below). Instead, the average price per square foot of PARK YOHO Bologna is RMB 13,088.
As for other nearby new projects, such as MTR Kam Sheung Road Station Park Long II, the first batch of 168 units was launched in May this year, with an average discounted price of 17,898 yuan, and the admission price for one room starts from 6,249,600 yuan; in addition, The YOHO at Yuen Long Station The Hub was launched in December last year. The first batch of 206 units has an average discounted price of 19,899 yuan. The entry price for one room starts from 6,851,600 yuan. However, the locations of these two projects are very close to the MTR station.
As for Shanshuiying, which is similar to PARK YOHO Bologna, it was launched in November 2019. The average price per square foot of the first batch of 67 units is 10,973 yuan, and the admission price of three-bedroom units starts from 9.629 million yuan.
↓PARK YOHO Bologna Demonstration Unit↓
The first one-bedroom duplex apartment
PARK YOHO, a new development project in SHKP, is located in Kam Tin North, Yuen Long, involving 31 blocks and providing more than 3,000 units. The latest phase of PARK YOHO Bologna, Phase 1B, provides 164 units, divided into two wings, 8A and 8B. It is the least number of units and the lowest density among the seven phases.
PARK YOHO Bologna units have a usable area ranging from 257 to 1,155 square feet, including characteristic units with terrace gardens and rooftops, as well as new layouts, namely one-bedroom duplex suites and two-bedroom duplex suites. For standard units, the size ranges from 270 to 674 square feet, including studio, one-bedroom, two-bedroom and three-bedroom partitions. The project has been completed.