The Uppland I to launch final 136 homes Saturday
AM730 · 2 SOURCESabout 1 hour ago5 MIN
Summary
China Resources Land’s The Uppland I in Southwest Kowloon has set Saturday, September 5, for what the developer described as the final sales round of Phase 1, covering 136 units in total. Of these, 101 units will be sold by price list and 35 by tender, with discounted prices for the listed flats ranging from HK$5.539 million to HK$14.04 million after a maximum 16% discount.
Key Points
- Managing director of China Resources Land (Overseas), Shi Wei-xian (施偉賢), said the project had received more than 56,300 purchase registrations by noon or afternoon on September 1, equivalent to about 556 times oversubscription for the 101 price-list units.
- The 101 price-list units comprise 42 one-bedroom, 38 two-bedroom, 11 three-bedroom and 10 three-bedroom-with-suite flats, with saleable areas from 307 to 680 square feet
- Discounted prices for the listed units range from HK$5.539 million to HK$14.04 million, while discounted prices per square foot range from HK$17,789 to HK$22,777.
- The cheapest unit by price is Flat D on 5/F of Tower 3B, a 308-square-foot one-bedroom home priced at HK$5.539 million after discount, or HK$17,984 per square foot.
- The lowest-priced unit by square foot is Flat G on 5/F of Tower 3B, a two-bedroom unit sold at HK$7.258 million after discount at HK$17,789 per square foot; one report listed its area as 408 square feet, while another stated 308 square feet.
Why It Matters
The launch will fully release all remaining Phase 1 units through both price-list sales and tenders, making Saturday a key test of whether strong primary-market demand in Southwest Kowloon can be sustained after two earlier sell-out rounds. The developer also said Phase 2 is in the final stage of presale approval, so market attention is likely to shift quickly to the next batch if this round is absorbed smoothly.