"WING TAI PPT": Yunxiang plans to launch new projects around the Lunar New Year next year, with price references to new developments in areas such as Tai Wai and Sha Tin

WING TAI PPT (00369.HK) Executive Director and Sales and Marketing Director Yang Congyong recently stated in a media interview that the Northern Metropolis will become a new engine driving economic development in the next 10 to 20 years. The area is expected to attract more high-end population to settle in the future, with the group's new project, Yunxiang, adjacent to the Fanling Golf Course, set to launch around the Lunar New Year next year.

Yang Congyong mentioned that the Northern Metropolis will be a new engine for Hong Kong's future economic development. With high-tech industries expected to settle in the area and the SAR government continuing to actively attract talents and elites to Hong Kong, the population structure in the Northern Metropolis will undergo significant changes, attracting high-end local and Greater Bay Area residents to settle in the area. Therefore, he is optimistic about the rental and sales situation of new properties in the Northern Metropolis.

He further stated that the MTR Northern Link is expected to be completed by 2034, which will further promote the development of the Northern Metropolis. In the medium to long term, the prices of new properties in the Northern District are likely to outperform traditional areas along the East Rail Line, such as Tai Wai and Sha Tin.

Yang Congyong believes that the group's new project on Fan Kam Road, adjacent to the Fanling Golf Course, is scheduled to launch in the first quarter of next year, with prices expected to reference new projects in Tai Wai and Sha Tin.

Additionally, he indicated that the original expectation for property prices to rise by 3% to 5% next year has now been revised to an increase of 5% to 8%, which is an upward adjustment of about 3 percentage points