West Mid-Levels Luxury Project Records 19 Deals Worth HK$3.35B in One Month
SingTao · 2 SOURCESabout 3 hours ago5 MIN
Summary
Henderson Land Development (恒基地產) and New World Development (新世界發展) have reported strong sales momentum at their joint luxury development, The Armitage Phase 2 (天御2期), located in West Mid-Levels. Over the past month, the project has recorded 19 transactions worth approximately HK$3.35 billion, with the cumulative transaction amount since launch surpassing HK$10.2 billion. The latest deal on September 23 involved the sale of Flat B on the 12th floor of Tower 1, a 2,773 sq ft four-bedroom four-ensuite unit priced at over HK$124 million, translating to approximately HK$44,780 per sq ft .
Key Points
- The Armitage Phase 2, situated at 8 Castle Road (衛城道8號), is a two-tower development offering 172 units in total, developed jointly by Henderson Land and New World Development
- The project has achieved total cumulative sales exceeding HK$10.2 billion since its launch, demonstrating robust demand for ultra-luxury residential properties in Hong Kong
- Over the past month, 19 transactions were recorded with combined sales value reaching approximately HK$33.5 billion (33.5億元), averaging around HK$53,000 per sq ft
- On September 10, a single buyer purchased both units on the 16th floor of Tower 1 for a combined total exceeding HK$253 million (2.53億元), comprising Flat A at over HK$129 million and Flat B at over HK$124 million
- James Lam (林達民), General Manager of Sales Department 1 at Henderson Property Agency, noted that The Armitage benefits from its prime Mid-Levels location with unobstructed panoramic views of Victoria Harbour and the Central skyline, making it a rare collectible-grade luxury property
Why It Matters
The strong sales performance at The Armitage Phase 2 underscores the resilience of Hong Kong's ultra-luxury residential market amid broader economic uncertainties. The project's success signals continued confidence among high-net-worth buyers in prime Mid-Levels real estate as a store of value, potentially influencing market sentiment across the luxury property sector in the months ahead .
The strong sales performance at The Armitage Phase 2 underscores the resilience of Hong Kong's ultra-luxury residential market amid broader economic uncertainties. The project's success signals continued confidence among high-net-worth buyers in prime Mid-Levels real estate as a store of value, potentially influencing market sentiment across the luxury property sector in the months ahead .