North Point Royal Crest second-round price list sold out within 3 hours, largest buyer spent over 58 million to buy 6 units

STATE RESIDENCE, the new property at No. 1 Hei Wo Street, North Point, held by Chow Tai Fook Group's Telford Properties and promoted with the assistance of New World, today (the 30th) sold 32 units in the second round of pricing, with entry prices starting from HK$6.864 million. The project previously received 9,000 applications, so based on selling 32 units in the second round of pricing, it was oversubscribed by more than 280 times.

[20:31] Sold out within 3 hours, cashing out over 330 million in a single day

The developer stated that in the project's second round of sales, all 32 units were sold out in just about three hours, generating over 330 million in one day, with both rounds of the price list selling out in the first quarter. The largest buyer spent over 58 million to purchase 6 units. The project's standard one- and two-bedroom units have all been sold out. Among them, Unit D on the 30th floor, with a usable area of 389 square feet, features a two-bedroom layout with an open kitchen, and was sold for 13.062 million, with a price per square foot of 33,578, setting a new record for the price per square foot of standard two-bedroom units.

The developer further stated that the project adopts a 'dual-line sales' strategy, selling 16 large residences and special units through tender, and together with units sold by price list, 188 units were sold in 12 days, accounting for nearly 97% of the entire project, generating over 1.9 billion in cash. Currently, only the last 6 large residences and special units remain, which will be sold through tender.

[17:33] Central Plains: 3 groups of buyers buy one unit for two meals, the most expensive pays 23 million for two units

Centaline Property's Chief Operating Director Ho Wai-keen stated that the company recorded three groups of buyers engaging in 'one guest, two purchases,' with two groups of buyers each spending about HK$23 million to purchase two two-bedroom units; the other group spent about HK$18 million to purchase one one-bedroom unit and one two-bedroom unit.

It is reported that the buyers are all mainland investors who are fond of the project located in the core area of North Point, Hong Kong Island, and are optimistic about its long-term appreciation potential. It is expected that upon completion, the project’s rental rate per square foot could reach HKD 80 to 90, with a rental yield of up to 5%, thus making them decisively enter the market for rental investment purposes.

[16:49] Market news indicates that Royal Aurora has temporarily sold 29 units, with 3 units remaining to be sold.

Second round of price list sells 32 units, entry fee starts from 6.864 million

The second round price list offers 32 units for sale, including 12 one-bedroom units, 19 two-bedroom units, and 1 three-bedroom unit, with usable areas ranging from 302 to 602 square feet. The list prices are set at HK$8.689 million to HK$21.118 million, with list prices per square foot ranging from HK$28,772 to HK$40,676. The discounted selling prices are HK$6.864 million to HK$16.683 million, with discounted prices per square foot ranging from HK$22,728 to HK$32,134.

The project offers 194 units

STATE RESIDENCE Huangxuan has 194 units and is designed as a single building. The unit types range from one-bedroom to three-bedroom apartments and special units, with a usable area ranging from 277 to 1,465 square feet. Among them, there are 79 one-bedroom units, with a usable area from 301 to 316 square feet; 87 two-bedroom units, with a usable area from 389 to 1,465 square feet; 23 three-bedroom units, with a usable area from 602 to 980 square feet; and 5 special units, with a usable area from 277 to 1,120 square feet.

Near North Point Royal Capital Mall, the mall will open in the first half of next year.

The project is adjacent to the landmark retail podium of State Theatre by K11 in North Point, featuring four floors with a total floor area of over 85,000 square feet, offering specialty dining, lifestyle experiences, and cultural experiences. It is expected to open as early as the first half of 2027, and the mall is also connected to a new Grade-A office building.

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