The Edinburgh I Oversubscribed 367 Times with 49,000+ Ballots Ahead of Second-Round Sale
SingTao · 1 SOURCESabout 1 hour ago4 MIN
Summary
China Resources Land (overseas) has announced that its West Kowloon development The Edinburgh I (叡璟I) has received over 49,000 ballots, exceeding the historical record set by Sun Hung Kai's SIERRA SEA 2A phase earlier this year. The developer will proceed with a second round of sales on Saturday (March 29), releasing 170 units comprising 133 units via price list and 37 units via tender .
Key Points
- The second round includes 47 one-bedroom, 61 two-bedroom, and 25 three-bedroom units ranging from 304 to 672 square feet in saleable area
- After applying the maximum 16% discount, net prices range from HK$5.395 million to HK$13.378 million, with net price per square foot between HK$17,236 and HK$22,370
- The first round on March 22 sold all 180 units, generating approximately HK$1.6 billion in sales proceeds, including 64 units sold during the bulk-buyer session
- About 90% of the buyer pool consists of pent-up demand customers who missed out on previous opportunities, with 60% end-users and 40% investors
- The project is part of a six-phase development offering over 2,200 units in total, with The Edinburgh I providing 507 units and expected to complete by November 2028
Why It Matters
The Edinburgh I's record-breaking ballot numbers reflect intense demand for new residential projects in West Kowloon, where limited supply continues to drive buyer interest. The strong performance positions China Resources Land to potentially become a dominant developer in the South West Kowloon corridor, as the project sits atop a 170,000-square-foot clubhouse and retail podium expected to become a regional landmark .
The Edinburgh I's record-breaking ballot numbers reflect intense demand for new residential projects in West Kowloon, where limited supply continues to drive buyer interest. The strong performance positions China Resources Land to potentially become a dominant developer in the South West Kowloon corridor, as the project sits atop a 170,000-square-foot clubhouse and retail podium expected to become a regional landmark .