China Resources Land's Chelsea II in Cheung Sha Wan Draws Over 10,000 Registrations in 48 Hours
China Resources Land (Overseas) has released the first price list for Phase II of its Chelsea development in Cheung Sha Wan, West Kowloon, offering 85 units at discounted prices from RMB 5.426 million to RMB 14.139 million. Registration opened on Wednesday, and within 48 hours the project received more than 10,000 purchase registrations, an oversubscription of over 116 times based on the first batch of 85 units.
China Resources Land (Overseas) on Tuesday released the first price list for Chelsea II, the second phase of its large integrated commercial and residential project Chelsea, located on Fat Tseung Street West in Cheung Sha Wan in the West Kowloon area. The list covers 85 units, with discounted prices ranging from RMB 5.426 million to RMB 14.139 million. The project began accepting purchase registrations on Wednesday and opened show flats for public viewing.
Within 48 hours of opening registrations, the project received more than 10,000 purchase registrations. Based on the first batch of 85 units, the oversubscription rate exceeded 116 times.
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The event has a measured impact on 1 industry. The strongest current signal is positive for Residential Development, with intensity 55/100 and 70% confidence over a short term horizon.
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