Jardine's Lookout Luxury Project Sells Full Floor for HK$168.8M
AM730 · 2 SOURCESabout 3 hours ago3 MIN
Summary
CITIC Pacific's luxury residential project Juno Rise (峻譽·渣甸山) in Hong Kong's exclusive Jardine's Lookout area has sealed another significant transaction, with a single local self-use buyer purchasing an entire floor comprising two units for HK$168.8 million . The deal, announced on May 31, highlights sustained demand for premium residential properties in Hong Kong's traditional luxury market despite broader market headwinds.
Key Points
- The buyer acquired Tower 1, Floor 10, Sections A and B from CITIC Pacific for a combined HK$168.8 million
- Unit A: 1,679 sq ft with 2 parking spaces, sold for HK$84.8 million at approximately HK$50,506 per sq ft
- Unit B: 1,686 sq ft with 2 parking spaces, sold for HK$84 million at approximately HK$49,822 per sq ft
- Both units feature four-bedroom dual-ensuite layouts with private elevator lobbies
- The buyer cited exceptional privacy and rare panoramic views of southern Kowloon's coastline as key motivations
Why It Matters
Juno Rise has recorded 26 transactions totaling approximately HK$2 billion since its sales launch on April 30, indicating robust demand from affluent buyers for Hong Kong's ultra-prime residential stock . The strong sales momentum in this project may influence pricing strategies and buyer sentiment across Hong Kong's luxury property sector.
Juno Rise has recorded 26 transactions totaling approximately HK$2 billion since its sales launch on April 30, indicating robust demand from affluent buyers for Hong Kong's ultra-prime residential stock . The strong sales momentum in this project may influence pricing strategies and buyer sentiment across Hong Kong's luxury property sector.