China Resources Unveils Jun Jing I in West Kowloon with 102 Units at Average HK$17,880 psf
SingTao · 2 SOURCESabout 2 hours ago5 MIN
Summary
China Resources Land (Overseas) and China Resources Group officially launched the first price list for Jun Jing I in West Kowloon on Wednesday, marking the debut of the first phase of a six-stage comprehensive development project. The initial batch of 102 units was released with net prices ranging from HK$5.298 million to HK$12.371 million and a weighted average net price of HK$17,880 per square foot. The project immediately opened show flats for public viewing and commenced sales registration, with the first batch of units valued at approximately HK$820 million in total.
Key Points
- The project offers 18 one-bedroom, 66 two-bedroom, and 18 three-bedroom units ranging from 304 to 657 square feet
- The most affordable unit is Flat C on 5/F of Tower 3B at 304 sq ft (1-bedroom) priced at HK$5.298 million or HK$17,428 psf
- The lowest price-per-square-foot unit is Flat F on 5/F of Tower 3B at 448 sq ft (2-bedroom) priced at HK$7.409 million or HK$16,538 psf
- Four payment methods are available with maximum discounts reaching 16%, expandable to 18% for China Resources members and Wan Po璟 buyers
- Expected key date is November 2028 with a construction period of approximately 27 months
- The development includes a 100,000 square-foot shopping mall introducing China Resources Mixc Life, its first mall project in Hong Kong
Why It Matters
Centaline Property's research indicates that Jun Jing I's pricing offers nearly a 30 percent discount compared to nearby secondary housing estates, while projected rental yields could reach 4 percent with average rents exceeding HK$60 per square foot. This competitive positioning, combined with the project's comprehensive lifestyle amenities and proximity to Nam Cheong Station, is expected to attract both end-users and investors, with long-term investors potentially accounting for half of buyers .
Centaline Property's research indicates that Jun Jing I's pricing offers nearly a 30 percent discount compared to nearby secondary housing estates, while projected rental yields could reach 4 percent with average rents exceeding HK$60 per square foot. This competitive positioning, combined with the project's comprehensive lifestyle amenities and proximity to Nam Cheong Station, is expected to attract both end-users and investors, with long-term investors potentially accounting for half of buyers .