New World Development (00016.HK) has announced a new price list for YOHO Hub II in Yuen Long today (17th). Chen Wing Kit, the Deputy Chairman and Deputy General Manager of Residential Department for Asia Pacific at Centaline Property, said that the six locations introduced in this price list are even more superior. Even if the prices remain the same as the previous price list, the attractiveness of the prices is higher when compared in terms of quality.

Chen Wing Kit pointed out that YOHO Hub II has exceptional geographical location and development branding, and is also close to existing buildings. Mainland buyers do not need to worry about incomplete projects, which enhances the appeal of the development. There is a shortage of rental properties in the Yuen Long area, and it is expected that the rental price per square foot can reach HKD45 after the project is completed, with a return of nearly 4%. With the expected interest rate cut in the United States this week, it is believed that it can attract tenants who have been reluctant to rent due to high prices to switch to buying. The interest rate cut will also lead to a more balanced supply and demand in the rental market, attracting long-term investors to enter the market. It is expected that the sales situation for the six towers will continue to be as prosperous as the previous eight towers, and the first price list is expected to be very popular.

With anticipation for an interest rate cut in the United States, the property market is clearly becoming more active. It is expected that buyers who have been waiting on the sidelines will accelerate their entry into the market after the interest rate cut is announced in the United States, with an estimated 800 transactions in September.