North Point Royal Xuan Sells Out Second Round in 3 Hours, Single Buyer Spent HK$58M on 6 Units
SingTao · 3 SOURCESabout 3 hours ago2 MIN
Summary
The Royal Xuan residential project in North Point achieved its second consecutive sell-out of the year on September 30, 2026. Developed by Chow Tai Fook Group member Tin Fu Enterprises with New World Development (stock code: 017) handling sales planning and promotion, the 32 units released in the second round were completely sold within three hours, generating over HK$330 million in a single day . The project's dual-track sales strategy—combining price-list transactions with tender sales for premium units—has resulted in 189 units sold in just 13 days, representing over 97% of the total 194 units and approximately HK$2 billion in proceeds .
Key Points
- The biggest single buyer purchased six units for over HK$58 million, representing the largest individual transaction at the project .
- A two-bedroom standard unit on the 30th floor (Unit D, 389 sq ft) sold for HK$13.062 million, setting a new price-per-square-foot record of HK$33,578 for two-bedroom standard units .
- Centaline Property recorded three groups of "one-customer-two-units" buyers, with two groups each spending approximately HK$23 million on two two-bedroom units, while another spent HK$18 million on one one-bedroom and one two-bedroom unit—all identified as mainland investors seeking long-term rental income .
- The development's strategic location at 1 Hei Wo Street, North Point offers proximity to the K11 retail landmark STATE THEATRE by K11 and dual MTR station access, attracting buyers from Hong Kong Island (over 50%), Kowloon, and New Territories .
- With only six remaining luxury and special units available exclusively via tender, the project is approaching complete sell-out with its expected key date set for December 31, 2027 .
Why It Matters
The Royal Xuan project demonstrates sustained demand for premium residential properties in Hong Kong Island's core districts despite broader market headwinds. Its status as the first Hong Kong Island development this year to achieve consecutive price-list sell-outs signals renewed confidence among mainland investors in the local property market, particularly for assets offering stable rental yields and strategic connectivity. The nearly HK$2 billion in sales within 13 days also underscores the effectiveness of the dual-track sales model combining traditional price-list transactions with tender sales for high-value units .
The Royal Xuan project demonstrates sustained demand for premium residential properties in Hong Kong Island's core districts despite broader market headwinds. Its status as the first Hong Kong Island development this year to achieve consecutive price-list sell-outs signals renewed confidence among mainland investors in the local property market, particularly for assets offering stable rental yields and strategic connectivity. The nearly HK$2 billion in sales within 13 days also underscores the effectiveness of the dual-track sales model combining traditional price-list transactions with tender sales for high-value units .