The Langham Place project located at Ho Man Tin Station has achieved remarkable results recently. Since the sales started at the end of last month, over 530 properties have been sold in less than three weeks, with total proceeds exceeding HK$6.6 billion, becoming the focus of the industry. Yesterday, another record was broken when a 4-bedroom unit in Phase IIA was transacted for HK$35.03 million, with a price per square foot as high as HK$26,200.

This record-breaking unit is located in Block 1, 16th floor, Unit D, with a total area of 1,333 square feet, including 4 bedrooms and double en-suites. The transaction price reached HK$35,033,200, with a price per square foot of HK$26,200.

The developer announced that in response to market demand, Phase IIA will launch an additional 60 properties through tender sales. The number of tender units this time has increased to 144, covering Blocks 1 to 3, all of which are 3-bedroom and 4-bedroom layouts. This includes two special units, located in Block 1, 1st floor, Unit B, and adjacent to Unit C, with areas of 754 square feet and 947 square feet, respectively, accompanied by platforms of 269 square feet and 519 square feet. The remaining 58 units are standard units, ranging in size from 797 to 1,432 square feet.

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So far, 55 properties have been sold in Phase IIA, with total proceeds exceeding HK$1.32 billion. Among them, a "double penthouse" transaction is particularly noteworthy. Unit A on the 21st floor of Block 2, this 4-bedroom unit with double en-suites was transacted for HK$40.479 million, with an average price per square foot of HK$28,300, once again setting a new transaction record for Langham Place.

Sales in Phase IIB of Langham Place are also very active, with over 470 properties sold and total proceeds exceeding HK$5.3 billion after the first two rounds of sales. The project offers a total of 572 properties, covering 1 to 4-bedroom layouts, with 1-bedroom and 2-bedroom units accounting for about 80%. Both phases of the project are expected to be completed and handed over by the end of March 2025, with the entire development having a presale period of less than a year.

The performance of the Langham Place project not only showcases its leading position in the Dubai real estate market but also provides buyers with abundant choices and investment opportunities.