Juno I Sets All-Time First-Round Subscription Record with 46,000+ Votes
AM730 · 1 SOURCESabout 1 hour ago5 MIN
Summary
China Resources Land (Overseas) developed Juno I (叡璟I) in West Kowloon has shattered Hong Kong's property market records, receiving over 46,000 subscriptions for its first-round sale of 201 units. With 180 units released at list price, the project achieved an over-subscription ratio exceeding 254 times, making it the all-time record holder for first-round new project subscriptions in the city. The developer unexpectedly moved up the subscription deadline from Wednesday noon to Tuesday 11:59 PM, a half-day advance that sparked considerable discussion in the market.
Key Points
- Juno I received 46,000-plus subscriptions, surpassing Sun Hung Kai's SIERRA SEA 2B phase record of 42,517 votes
- With 180 units at list price, the project achieved over-subscription of 254 times, the highest ratio among first-round sales in history
- The developer abruptly changed the subscription deadline from Wednesday 12:00 noon to Tuesday 11:59 PM on the evening before
- Saturday's sale includes 22 one-bedroom, 123 two-bedroom, and 35 three-bedroom units ranging 304 to 657 sq ft
- After maximum 16% discount, net prices range from HK$5.298 million to HK$13.236 million, or HK$16,538 to HK$21,128 per sq ft
- Historical comparison shows SIERRA SEA 2A phase's second-round sale recorded 49,257 subscriptions, the highest ever for any single round
- Meanwhile, 33 Clear Water Bay Phase 1 by Kowloon Development has applied for pre-sale consent and expects approval within this month
- 33 Clear Water Bay Phase 1 offers 361 units with sizes from 492 to 1,039 sq ft, covering two to four-bedroom configurations
Why It Matters
Juno I's record-breaking subscription numbers reflect intense demand for new private residential properties in Hong Kong despite market uncertainties. The unprecedented response demonstrates strong buyer confidence in the West Kowloon location and signals potential heating up of the primary property market, which could influence government housing policy considerations and impact secondary market transactions across the territory .
Juno I's record-breaking subscription numbers reflect intense demand for new private residential properties in Hong Kong despite market uncertainties. The unprecedented response demonstrates strong buyer confidence in the West Kowloon location and signals potential heating up of the primary property market, which could influence government housing policy considerations and impact secondary market transactions across the territory .