Ruijing II Launches First Price List with 85 Units at HK$18,680 psf
SingTao · 2 SOURCESabout 2 hours ago6 MIN
Summary
China Resources Land (Overseas) officially launched the first price list for its West Kowloon residential project Ruijing II on Tuesday, September 15, 2026. The inaugural batch comprises 85 units situated in towers 5A and 5B, covering one-bedroom to three-bedroom configurations with saleable areas ranging from 307 to 730 square feet. After applying the maximum 16% discount, the units are priced between HK$5.426 million and HK$14.139 million, translating to discounted rates of HK$16,930 to HK$20,011 per square foot and an average discounted price of HK$18,680 per square foot .
Key Points
- China Resources Land (Overseas) Managing Director Shi Weixian (施偉賢) described the inaugural batch as the "must-buy price for West Kowloon," noting it commands a slight 2% premium over Phase I's first price list while maintaining a 5% discount against Phase I's Price List 4 .
- Unit distribution includes 21 one-bedroom, 38 two-bedroom, and 26 three-bedroom suites, with the most affordable option being Tower 5B, Floor 5, Unit D at 307 square feet priced at HK$5.426 million or HK$17,674 per square foot after discount .
- The lowest discounted price per square foot belongs to Tower 5B, Floor 5, Unit F, a 413-sq-ft two-bedroom apartment selling for HK$6.992 million, equating to HK$16,930 per square foot .
- The project will open its show flats for public viewing and commence subscription registration from Wednesday, September 16, with the first batch of sales targeted to launch next week .
- The 85 units in the inaugural price list represent an estimated total sales value of approximately HK$800 million, with four payment schemes available offering up to 16% discount .
Why It Matters
The Ruijing II launch provides a significant barometer for the West Kowloon new-home market, with its positioning as a follow-up project to the sold-out Ruijing I targeting the substantial backlog of disappointed buyers from the first phase. The approximately 2% price increase compared to Phase I reflects the developer's confidence in sustained demand, while the 5% discount against Phase I's latest price list aims to attract buyers amid intensifying competition in the district .
The Ruijing II launch provides a significant barometer for the West Kowloon new-home market, with its positioning as a follow-up project to the sold-out Ruijing I targeting the substantial backlog of disappointed buyers from the first phase. The approximately 2% price increase compared to Phase I reflects the developer's confidence in sustained demand, while the 5% discount against Phase I's latest price list aims to attract buyers amid intensifying competition in the district .