Euijing II Prices Up 2% with 129 New Units; 182 Units Launch Saturday
AM730 · 2 SOURCESabout 4 hours ago5 MIN
Summary
China Resources Land (Overseas) has expanded its Euijing Phase 2 (叡璟II) project in West Kowloon by launching Price List No. 3 with 129 units on Monday, implementing a 2% price increase from the previous price list while maintaining the maximum 16% discount. The development achieved a sell-out of its first tranche of 153 units on Sunday. The developer has announced a second round of sales for Saturday, offering 182 units through both price list and tender channels. Executive Director Shih Wei-hsien (施偉賢) noted that despite the price adjustment, the new units remain attractively priced. The project has now cumulative sold 666 units generating approximately HK$6.5 billion in revenue.
Key Points
- The new price list features 129 units across Tower 5A and Tower 5B, comprising 35 one-bedroom, 58 two-bedroom, and 36 three-bedroom apartments ranging from 306 to 714 sq ft
- Net prices start from HK$5.638 million for the cheapest unit at Tower 5B, 8/F, Flat D (307 sq ft), translating to a net PSF of HK$18,365
- The lowest net PSF of HK$18,048 applies to Tower 5B, 16/F, Flat F, a two-bedroom unit of 413 sq ft sold for HK$7.454 million
- Saturday's second round will sell 182 units total: 129 via price list and 53 via tender for premium RESERVE COLLECTION units
- The project's aggregate sales reached 666 units with nearly HK$65 billion in proceeds following four rounds of sales
- The development consists of 407 units across two towers with expected key date of December 25, 2028, and notably provides no residential parking spaces
- On Monday, two three-bedroom units were also sold separately, including Tower 5A, 33/F, Flat C (713 sq ft) at HK$16.084 million or HK$22,558 per sq ft, generating over HK$30.03 million
Why It Matters
The strong reception for Euijing Phase 2, with four consecutive sell-out rounds, signals sustained demand for new West Kowloon developments amid a cautious property market, while the 2% price adjustment suggests developers are testing buyer tolerance for rising prices .
The strong reception for Euijing Phase 2, with four consecutive sell-out rounds, signals sustained demand for new West Kowloon developments amid a cautious property market, while the 2% price adjustment suggests developers are testing buyer tolerance for rising prices .