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New Development | Yaying Peak Purchased by Buyer for 75.37 Million, Sweeping Four Units
Ying Tai Property (00432) and Capital Strategy (00497) developed Mid-Levels The Peak Ying Fung Fung. Five units were sold through tender, with four purchased by the same major buyer group, involving approximately HKD 80 million. On the same day, the project decided to release an additional 8 units, which will be auctioned this Friday (20th).
The five units sold through this tender are all part of the PRIME COLLECTION series, including Units B, C, and D on the 11th floor, Unit E on the 9th floor, and Unit F on the 7th floor, offering 1-bedroom, 2-bedroom, and 2-bedroom with a study layouts, with usable areas ranging from 380 to 635 sq ft. The transaction prices ranged from HKD 13.034 million to HKD 23.495 million, with practical price per sq ft of HKD 34,300 to HKD 38,250, totaling HKD 88.979 million.
The 8 units released today include Unit C on the 19th floor, part of the CENTRUM COLLECTION series, with a usable area of 1,017 sq ft, featuring 3 bedrooms with a study. The remaining seven units are Units A and F on the 12th floor, Unit E on the 10th floor, Unit D on the 5th floor, and Units A, D, and E on the 3rd floor, all part of the PRIME COLLECTION series, with usable areas of 635 and 380 sq ft, offering 2-bedroom with a study and 1-bedroom layouts.
Ying Tai Property Sales and Marketing Director Chen Huici said that among the five units sold, four were purchased by the same buyer group, including Units B, C, D on the 11th floor, and Unit F on the 7th floor, with a total transaction amount of HKD 75.375 million. Among these, the last two units, which are similar to the show units, have now been fully sold. As of today, 44 units from the PRIME COLLECTION series have been sold, accounting for over 80% of the total units in that series. Due to strong market response, the developer decided to release an additional 8 units on the same day, covering 1-bedroom to 3-bedroom with a study layouts, including the last four 2-bedroom with a study units, which have also been fully released.
She pointed out that the project is close to the show flats, and market response is becoming increasingly enthusiastic. With few units remaining, it is expected that future transaction prices will rise accordingly to reflect the project’s advantages and scarcity.