CITIC Pacific's Juno Terrace Records HK$24.88M Tender Sale for 439-sq-ft Two-Bedder with Parking
AM730 · 3 SOURCESabout 2 hours ago5 MIN
Summary
CITIC Pacific's luxury residential project Juno Terrace (峻譽·渣甸山), located at 135 Tai Hang Road on the prestigious Jardine's Lookout, has recorded a successful tender sale of a standard two-bedroom unit. The transaction for Flat E on the 17th floor of Block 2 attracted a winning bid of HK$24.88 million, which includes one parking space. The unit's saleable area measures 439 square feet, translating to a unit rate of approximately HK$56,674 per square foot. According to sales representatives, the buyer was captivated by the lush mountain scenery and the tranquil yet convenient lifestyle that the traditional luxury neighbourhood provides.
Key Points
- CITIC Pacific's Juno Terrace project on Tai Hang Road sold Flat E, 17/F, Block 2 — a 439-sq-ft two-bedroom unit with one parking space for HK$24.88 million
- The deal translates to a saleable-area price of approximately HK$56,674 per square foot, reflecting the premium commanded by the Jardine's Lookout locale
- Project comprises two residential towers offering 114 units with saleable areas ranging from 434 to 2,949 square feet, including two-bedroom and four-bedroom configurations
- Resident facilities include an outdoor swimming pool, gymnasium, banquet hall, and sauna rooms, along with 89 car parking spaces and 2 motorcycle spaces
- Sales manager Yip Chun-chau (葉千秋) noted the buyer was attracted by the verdant mountain vistas and the project's blend of natural tranquility with urban accessibility
Why It Matters
This transaction underscores continued demand for premium residential units in Hong Kong's traditional luxury enclaves, where limited supply keeps valuations robust despite broader market headwinds. The achieved price-per-square-foot rate of over HK$56,000 signals that well-positioned developments in established high-end districts continue to attract buyers seeking both investment stability and lifestyle appeal .
This transaction underscores continued demand for premium residential units in Hong Kong's traditional luxury enclaves, where limited supply keeps valuations robust despite broader market headwinds. The achieved price-per-square-foot rate of over HK$56,000 signals that well-positioned developments in established high-end districts continue to attract buyers seeking both investment stability and lifestyle appeal .