Regent Heights I Sets New Record with 53,000 Subscriptions in Second-Round Sale
SingTao · 1 SOURCESabout 2 hours ago5 MIN
Summary
China Resources Land's Regent Heights I (叡璟I) in West Kowloon has set a new all-time subscription record, receiving over 53,000 applications for its second-round sale on Saturday (March 29), surpassing its own first-round tally of more than 47,000 . The project will offer 170 units comprising 133 through price list and 37 through tender, generating an over-subscription rate exceeding 397 times . Developer representatives indicated that following Saturday's sale, additional units may be released to capture continued market demand .
Key Points
- Regent Heights I received over 53,000 subscriptions against 133 price-list units, exceeding 397-fold over-subscription, shattering the previous record of 49,257 held by SIERRA SEA 2A Phase
- Buyer composition shows balanced demographics: 20% large-scale investors, 20% upgraders, 30% local family buyers, and 20% overseas or Mainland buyers
- Second-round units include 47 one-bedroom, 61 two-bedroom, and 25 three-bedroom apartments ranging 304-672 sq ft, with net prices from HK$5.395 million to HK$13.378 million
- The project features a clubhouse and landscape area exceeding 170,000 sq ft, including an indoor-outdoor children's playground over 8,300 sq ft inspired by adventure treehouses
- Sales will be divided into Group A (57 units for bulk buyers purchasing 2-4 units) and Group B (76 units for staff and retail buyers), with 37 units available via tender until December 31
Why It Matters
The unprecedented subscription numbers for Regent Heights I reflect persistent demand for new private residential units in Hong Kong despite market uncertainties, with over 397 times over-subscription demonstrating that pent-up buying power remains substantial . The project's success may prompt other developers to accelerate launch schedules and adjust pricing strategies, potentially intensifying competition in the West Kowloon and neighbouring districts .
The unprecedented subscription numbers for Regent Heights I reflect persistent demand for new private residential units in Hong Kong despite market uncertainties, with over 397 times over-subscription demonstrating that pent-up buying power remains substantial . The project's success may prompt other developers to accelerate launch schedules and adjust pricing strategies, potentially intensifying competition in the West Kowloon and neighbouring districts .