SHKP's Grand Yoho lures thousandsBusiness | Dominique Nguy 19 Aug 2016
Sun Hung Kai Properties (0016) said more than 8,000 people visited the show flats of its Grand Yoho project in Yuen Long on the first day of public viewing yesterday.
The developer unveiled on Wednesday the price list for the initial batch of 226 flats at Grand Yoho. The flats, which measure from 514 to 774 sellable square feet, are priced between HK$6.47 million and HK$13.57 million.
Allen Woo Chi-yuen, assistant general manager at Sun Hung Kai Real Estate Agency, said public response to Grand Yoho was very warm as reflected by the large crowd that turned up to view the show flats.The company might launch more Grand Yoho flats on Sunday or Monday depending on the rate of subscriptions this weekend.
Meanwhile, China Overseas Property managing director Tony Yau Wai- kwong said the group may launch soon its One Kai Tak project after it obtained pre-sale consent for the venture which it dubs Hong Kong property for Hong Kong people.
He said One Kai Tak will be the first private residential development project at the Kai Tak city center. It will provide 545 flats.
Elsewhere, Chinachem Group recently obtained the pre-sale consent for its The Papillons project in Tseung Kwan O, said sales and marketing department senior manager Connie Chan Mo-lan.
The sales brochure for the project, which will provide 857 flats, may be launched today at the earliest. The Urban Renewal Authority got 32 expressions of interest for its Kowloon Road/Kiu Yam Street demand-led project in Sham Shui Po.
Developers interested to undertake the project included Sun Hung Kai Properties, Wheelock (0020), Nan Fung Group, New World Development (0017) and Far East Consortium (0035).
The project, to be built on the 5,845-sq-ft site, can provide 80 flats over a total residential gross floor area of 43,809 sq ft. It will also provide a commercial gross floor area of 8,762 sq ft. The project, valued at around HK$263 million to HK$300 million, tentatively scheduled to be completed by 2020.