West Kowloon Luxury Project Ruijing Phase II Sells Out Second Launch, Recording Over 249x Subscription
AM730 · 4 SOURCESabout 3 hours ago6 MIN
Summary
China Resources Land (Overseas) developed the West Kowloon project Ruijing Phase II (叡璟II) conducted its second round of sales on October 3, 2026, offering 182 units comprising 129 units via price list and 53 units via tender. The project received 32,265 registrations, achieving an over-subscription rate exceeding 249 times, with an attendance rate of 90%. Two major buyers each purchased four units, with the largest deal valued at over HK$39.53 million. During the Group A session, 55 units were sold for over HK$620 million, while 17 units were sold by tender for over HK$287 million. All units were reportedly selected by 4:30 PM, with agents expecting a complete sellout of price-list units.
Key Points
- The second round of sales offered 182 units: 129 via price list (35 one-bedroom, 58 two-bedroom, 36 three-bedroom) and 53 via tender of premium Reserve Collection units
- Project received 32,265 registrations, with A-group (bulk buyers) accounting for 4,594 votes and B-group 27,671 votes, representing over 249 times over-subscription
- Two bulk buyers purchased four units each: one for over HK$39.53 million (one three-bedroom plus three two-bedroom units), another for over HK$32.35 million
- Discounted prices ranged from HK$5.638 million to HK$15.036 million, with unit rates from HK$18,048 to HK$22,251 per square foot after up to 16% discount
- During Group A session, 55 units were sold for over HK$620 million
- The 17 tender units sold included 12 three-bedroom with study suites and five three-bedroom with storage and study suites, priced between HK$15.98 million and HK$17.98 million, at HK$22,027 to HK$24,903 per square foot
- All units were reportedly selected by 4:30 PM
- Chen Yongjie of Centaline Property anticipates the 129 price-list units will also sell out completely today
Why It Matters
The overwhelming response to Ruijing Phase II's second launch demonstrates sustained demand for quality West Kowloon developments, with the project's 2,000-plus units being a rare supply in the urban area . Agents project October new home transactions could reach 2,000 units, following September's 1,400 units (up 30% month-over-month), suggesting continued market recovery amid improving Sino-US relations and a favorable interest rate environment . The strong performance of this project underscores Hong Kong's status as an attractive destination for mainland buyers during the National Day Golden Week holiday period .
The overwhelming response to Ruijing Phase II's second launch demonstrates sustained demand for quality West Kowloon developments, with the project's 2,000-plus units being a rare supply in the urban area . Agents project October new home transactions could reach 2,000 units, following September's 1,400 units (up 30% month-over-month), suggesting continued market recovery amid improving Sino-US relations and a favorable interest rate environment . The strong performance of this project underscores Hong Kong's status as an attractive destination for mainland buyers during the National Day Golden Week holiday period .