Ruijing I Prices Up 2% with 133 Units Launch; Entry from HK$5.4M
SingTao · 3 SOURCESabout 1 hour ago2 MIN
Summary
China Resources Land (Overseas) launched price list 3 for 133 units at the West Kowloon Ruijing I project on Sunday, raising prices by approximately 2% after the development sold out all 180 units in its maiden launch on Saturday, generating about HK$1.6 billion in sales proceeds .
Key Points
- Price list 3 offers 133 units in towers 3A and 3B, comprising 47 one-bedroom, 61 two-bedroom, and 25 three-bedroom units with sizes ranging from 304 to 672 sq ft
- Net prices range from HK$5.395 million to HK$13.378 million, with net prices per sq ft from HK$17,236 to HK$25,370 after the maximum 16% discount
- The entry-level unit is flat B on 5/F of tower 3B, a 313 sq ft one-bedroom open-kitchen apartment priced at HK$5.395 million (HK$17,236 psf net)
- Saturday's first-round sale collected 47,101 subscriptions, representing 260 times oversubscription and setting a new all-Hong Kong first-round record
- The largest buyer purchased three two-bedroom and one three-bedroom unit for approximately HK$42.7 million, while the bulk-buying session saw 64 units sold for HK$660 million
Why It Matters
The record-breaking subscription for Ruijing I demonstrates strong demand for new West Kowloon properties despite cooling measures, and the swift follow-up launch with a modest price increase signals developers' confidence in sustained buyer appetite for well-located projects near the future Hong Kong-Shenzhen Western Railway link .
The record-breaking subscription for Ruijing I demonstrates strong demand for new West Kowloon properties despite cooling measures, and the swift follow-up launch with a modest price increase signals developers' confidence in sustained buyer appetite for well-located projects near the future Hong Kong-Shenzhen Western Railway link .