Citic Pacific's Jardini Sells 645-sq-ft Unit for HK$28 Million
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
Citic Pacific's luxury residential project Jardini on Tai Hang Road has completed a significant sale, with a mid-floor two-bedroom unit fetching HK$28 million on Monday. The transaction price translates to HK$43,411 per square foot, reflecting strong demand for premium residential properties in the Causeway Bay area. The sold unit is located on the 11th floor of Block 2 and spans 645 square feet with a two-bedroom, one-bathroom layout. The broader development offers 114 units across two to four bedroom configurations, with approximately 70 percent of units providing unobstructed views of the southern coast of the Kowloon Peninsula.
Key Points
- The unit sold on the 11th floor of Block 2 measures 645 square feet and features a two-bedroom, one-bathroom layout
- Transaction price reached HK$28 million, equating to HK$43,411 per square foot for the mid-floor standard unit
- Jardini comprises 114 residential units total, offering two to four bedroom configurations
- The development includes nine special units ranging from 622 to 2,949 square feet in size
- Approximately 70 percent of units at Jardini offer unobstructed views of the southern coast of the Kowloon Peninsula
Why It Matters
This transaction signals continued investor appetite for Hong Kong's ultra-luxury residential segment despite broader market headwinds. The achieved price per square foot underscores the premium value associated with developments offering panoramic harbour and coastline views in prime urban locations like Tai Hang Road .
This transaction signals continued investor appetite for Hong Kong's ultra-luxury residential segment despite broader market headwinds. The achieved price per square foot underscores the premium value associated with developments offering panoramic harbour and coastline views in prime urban locations like Tai Hang Road .