Henderson Land launches Mong Kok residential project at market rates

Henderson Land has announced the pricing for the first batch of 50 units at its Mong Kok project, Yi Li 1, located at 18 Man On Street. The development offers one- and two-bedroom units with effective prices starting from approximately HK$5.0186 million. The average effective price per square foot is roughly HK$20,348, which aligns with recent secondary market transactions in the area and is slightly lower than some recent primary market offerings in the vicinity.

The project features a very short completion period of approximately three months, positioning it as a near-ready property. The development consists of a single tower with 25 floors and 126 total units. Unit sizes range from 236 to 393 square feet.

Potential buyers can choose from four different payment plans, with discounts of up to 6% available for certain cash payment options. Market analysts suggest the project will primarily attract young end-users, estimated at 60%, with the remaining 40% being investors drawn by strong rental demand in the district.