China Resources Launches Jade Vista II in West Kowloon at HK$18,680 psf, Developer Calls It 'Must-Buy Price'
SingTao · 1 SOURCESabout 2 hours ago3 MIN
Summary
China Resources Land (CR Land) officially launched the second phase of its Jade Vista development in West Kowloon on September 15, 2026, introducing the first batch of 85 units at competitive pricing. The developer has positioned this launch as offering exceptional value, with net prices starting from HK$5.426 million for a 307-sq-ft one-bedroom unit. The project, located at 8 Fat Cheung Street West, represents the latest addition to Hong Kong's thriving West Kowloon property market.
Key Points
- China Resources Land (Overseas) Managing Director Sze Wai-yin described the opening prices as a 'must-buy price in West Kowloon,' with the first batch of 85 units in Towers 5A and 5B comprising 21 one-bedroom, 38 two-bedroom, and 26 three-bedroom apartments ranging from 307 to 730 sq ft
- After applying the maximum 16% discount, net sale prices range from HK$5.426 million to HK$14.139 million, translating to net prices per sq ft between HK$16,930 and HK$20,011, with the average net price at approximately HK$18,680
- The entrance unit at Tower 5B, 5/F, Flat D (307 sq ft, 1-bedroom) is priced at a net HK$5.426 million or HK$17,674 per sq ft, while the 'king' three-bedroom suite with storage and study room at Tower 5A, 5/F, Flat B (730 sq ft) is offered at HK$13.475 million or HK$18,459 per sq ft
- Midland Greater China Senior Director Bose Ma Ming noted that the pricing represents a 20% discount compared to secondary transactions at Nam Cheong Station, predicting continued market enthusiasm with potential for price increases and additional unit releases
- The project comprises 407 units in a single residential tower with commercial podium of approximately 100,000 sq ft featuring China Resources' Mixc Life brand, expected to complete by end of December 2028 with a 27-month floor period
Why It Matters
The launch of Jade Vista II at competitive pricing underscores the resilience of Hong Kong's primary residential market despite broader economic uncertainties. The project's location in West Kowloon's redevelopment area, combined with the retail component under China Resources' established Mixc Life brand, signals continued confidence in the district's long-term development prospects. This launch is expected to attract both end-users and investors, with agency projections indicating rental yields around 4.5% based on anticipated rents of HK$70 per sq ft, potentially setting a benchmark for future West Kowloon developments .
The launch of Jade Vista II at competitive pricing underscores the resilience of Hong Kong's primary residential market despite broader economic uncertainties. The project's location in West Kowloon's redevelopment area, combined with the retail component under China Resources' established Mixc Life brand, signals continued confidence in the district's long-term development prospects. This launch is expected to attract both end-users and investors, with agency projections indicating rental yields around 4.5% based on anticipated rents of HK$70 per sq ft, potentially setting a benchmark for future West Kowloon developments .