Sun Hung Kai's Chin Yu Project in Yuen Long Sells 16 Units, Nets HK$90 Million; Cumulative HK$1.8 Billion
Sun Hung Kai Properties sold 16 more units at its Chin Yu project in Yuen Long by 1 pm, raising over HK$90 million. The largest sale was a 400-sq-ft two-bedroom at Tower 2, 17/F, for HK$6.16 million (HK$15,395 per sq ft), while the highest per-sq-ft price was a 290-sq-ft one-bedroom at Tower 1, 12/F, at HK$15,580. A group also purchased two two-bedroom units for HK$11.57 million. Cumulative sales now stand at 341 units, with total proceeds exceeding HK$1.8 billion.
Sun Hung Kai Properties' Chin Yu project at Ha Ko Po, Kam Tin, Yuen Long, recorded 16 more sales as of 1 pm today, raising over HK$90 million in a single day. Among the units sold, the highest price was for Unit E on the 17th floor of Tower 2, a two-bedroom with a saleable area of 400 square feet, sold at HK$6.16 million, or about HK$15,395 per square foot. The highest per-square-foot price was for Unit J on the 12th floor of Tower 1, a one-bedroom of 290 square feet, at HK$15,580 per square foot.
The project also recorded a bulk transaction today, with a group of buyers spending approximately HK$11.57 million to acquire two two-bedroom units, with saleable areas of 379 and 383 square feet, respectively. Since the project's launch, cumulative sales have increased to 341 units, with total proceeds surpassing HK$1.8 billion.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Residential Development, with intensity 45/100 and 90% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.