Yat Muk Phase 2 Records 33k Per Sq Ft, Highest Price in Project Series
On.cc · 2 SOURCESabout 1 hour ago5 MIN
Summary
Henderson Land Development's Yat Muk (壹沐) project in Kowloon City achieved a new price-per-square-foot record on December 17, with a 357-sq-ft three-bedroom unit selling for HK$33,000 per square foot—the highest rate ever recorded in the project's Phase 2. The unit, located at Tower 2, 3/F, Unit K, comes with an expansive 837-sq-ft private platform and fetched HK$11.781 million. Two units changed hands that day, bringing the project's cumulative sales to 693 units worth over HK$4.67 billion.
Key Points
- The record-breaking unit at Tower 2, 3/F, Unit K spans 357 sq ft internally and includes a 837 sq ft platform, with a per-square-foot price of HK$33,000
- Henderson Land sold two units on December 17, including the招标 (tender) unit that set the new price record for Phase 2
- Total cumulative sales for the entire Yat Muk series have reached 693 units, generating over HK$4.67 billion in revenue
- Phase 2 offers 415 units ranging from one- to four-bedroom layouts, with saleable areas from 232 to 957 sq ft
- The development is located in the prime Kowloon City district, a four-minute walk from the Tuen Ma Line station, with access to the prized 34 school net
- The project features a 60,000-sq-ft double-deck podium shopping centre and approximately 28,500 sq ft of residential clubhouse and landscaped areas
- The expected key date for completion is July 31, 2027
- Henderson Property Agency Limited Director and General Manager (Sales Division 1) Thomas Lam Tat-man stated that the project is less than one year from its anticipated completion date
Why It Matters
This record price-per-square-foot achievement reflects persistent demand for premium residential properties in Hong Kong's prime urban locations, even as market conditions remain cautious. The strong sales performance—with nearly 700 units sold and over HK$4.67 billion in transactions—signals continued confidence in well-positioned developments offering comprehensive amenities and strategic connectivity, setting a benchmark for future pricing in the Kowloon City area.
This record price-per-square-foot achievement reflects persistent demand for premium residential properties in Hong Kong's prime urban locations, even as market conditions remain cautious. The strong sales performance—with nearly 700 units sold and over HK$4.67 billion in transactions—signals continued confidence in well-positioned developments offering comprehensive amenities and strategic connectivity, setting a benchmark for future pricing in the Kowloon City area.