The Sterling II to Launch Sales with 407 Units in Southwest Kowloon

China Resources Land (1109) has secured pre-sale consent for The Sterling II in Southwest Kowloon, with sales expected to launch this month. The development offers 407 units comprising one- to three-bedroom configurations, according to Cen Feifei, Sales and Marketing Deputy Director of CR Land (Overseas). The preceding phase, The Sterling I, achieved remarkable sales success, with all 101 price-listed units sold out during its final sales round on Saturday, bringing total sales to 482 units and generating nearly HK$4.56 billion. Jeffrey Sy, Managing Director of CR Land (Overseas), noted that The Sterling I also sold 18 units by tender on Saturday, pushing total tender transactions to 68 units and fetching over HK$950 million through tender. A three-bedroom flat with a 655 sq ft area and a 597 sq ft balcony was sold for HK$19.19 million, or HK$29,300 per sq ft, setting a new record for both the project's transaction price and price per sq ft.

The strong sales performance of The Sterling I, including the record-breaking transaction, demonstrates robust demand for premium residential properties in Hong Kong and sets a positive tone for the launch of The Sterling II this month 1.