February 18, 2010

First 50 YOHO MIDTOWN Units Go On Sale at 10 am February 20
Average Price HK$5,200 per Square Foot

YOHO MIDTOWN is Sun Hung Kai Properties' (SHKP) new major residential development in the New Territories West. The developer announced today that the first batch of 50 selected units in Tower M2 will go on sale at 10am on February 20. The units will have gross floor areas from 503 to 1,251 square feet. Prices will start at HK$4,522 per square foot and the average price will be HK$5,200 per square foot (HK$6,735 per square foot of average saleable area). Units will start from HK$2,621,000 (list price - less 3% for cash payment).

The 50 units for sale are on the 16th to 39th floors of Tower M2. They have gross floor areas from 503 to 1,251 square feet and layouts from one to four bedrooms. Buyers opting for a unit for HK$2,261,000 and making a cash down payment and taking a 20-year 70% premium mortgage at interest as low as HIBOR + 0.7% (ie about 0.77%) or P-2.95% (ie 2.05%), will have monthly payments of only HK$8,003 or HK$9,045 respectively. Special payment plans include cash (list price less 3%) and installments (list price) to provide buyers with additional flexibility.

Sun Hung Kai Real Estate Agency Project Director - Sales Amy Teo said: "YOHO MIDTOWN will have comprehensive transport connections with rail lines and direct transport links with the mainland. The development has great investment potential. It will be above a shopping mall and connected to the largest shopping and entertainment hub in the New Territories West. SHKP is confident in the quality of the project and the future of Yuen Long, which will definitely make YOHO MIDTOWN a hit."

Ms Teo said that low mortgage interest and abundant liquidity will help the property market grow. YOHO MIDTOWN is also backed by the Bank of China, Bank of East Asia, Hang Seng Bank, HSBC and Standard Chartered, which are offering tailor-made mortgage plans to suit different needs.

Four YOHO MIDTOWN show suites in the third-floor exhibition hall of Sun Yuen Long Centre will be open for an exclusive SHKP Club member preview from 11am to 9pm on Friday (February 19) and 10am to 4pm on Saturday (February 20). The show suites will be open to the public from 4pm on Saturday. Free shuttle buses will be available from Admiralty, North Point, Taikoo, Olympian City, Kwun Tong, Tsuen Wan, Sha Tin, Sheung Shui and Tuen Mun.

YOHO Happy Community

YOHO will be a model happy community. SHKP wants to provide a cosmopolitan, vibrant, carefree, healthy and happy community for the young-at-heart who value quality of life and family and personal relationships.

YOHO MIDTOWN will follow YOHO Town by merging the 'Individual' - personal elements, 'Connectivity' - bringing people together with comprehensive transport and 'Space' - extensive living space. The project reflects SHKP's commitment to making YOHO MIDTOWN a healthy and happy community with a brand-new lifestyle concept for residents.

About YOHO MIDTOWN

YOHO MIDTOWN will have eight residential towers containing 1,890 units ranging from 400 to 1,400 square feet with one to four bedrooms. About half will have two bedrooms, and there will be special units available. YOHO MIDTOWN will make clever use of space and combine architecture and nature to offer a chic style of living.

© Copyright 1996-2012 irasia.com Ltd. All rights reserved.

DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website. TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website.