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Swire Properties Announces Successful Sales at Lujiazui Taikoo Yuan Residences in Shanghai

10 Dec 2024

Swire Properties Announces Successful Sales at Lujiazui Taikoo Yuan Residences in Shanghai

Swire Properties is pleased to announce the successful sales at Lujiazui Taikoo Yuan Residences, the Company’s inaugural residential project in the Chinese Mainland, developed in collaboration with the Lujiazui Group. The sales launch of the initial batch of apartments received an overwhelming response, with 47 out of 50 units sold.

 

The apartments, with sizes ranging from 278 sqm and 388 sqm approximately, are located in two towers of riverfront residences. There are also two exclusive penthouses spanning around 557 sqm and 745 sqm each. The average price per unit was approximately RMB58 million or RMB169,800 per sqm.

 

Adrian To, Director, Residential at Swire Properties, said, “We are absolutely delighted by the positive sales performance, which clearly demonstrates the market's appreciation of this premium development, as well as the recognition of Swire Properties’ and the Lujiazui Group’s brands. This success also highlights the strong purchasing power and robust demand for quality residential properties in the Shanghai market. The outstanding result is a reflection of Shanghai’s resilience, marking a new era of high-quality development in the city. We also attribute the successful sales to the project’s prime waterfront location, excellent connectivity and world-class design, combined with our long term commitment to placemaking.”

 

Lujiazui Taikoo Yuan Residences is the residential portion of the Lujiazui Taikoo Yuan mixed-use development located along the Huangpu River, with GFA of around 390,000 sqm, which includes two Grade-A office towers, serviced apartments, a retail mall combined with the Minsheng Wharf heritage area which incorporates heritage architecture, cultural and event spaces and a luxury lifestyle hotel to create a vibrant riverside community in Shanghai.

 

The residential component includes approximately 110,000 sqm of saleable area, offering 378 three- and four-bedroom apartments with sizes ranging from 188 sqm, 235 sqm, 278 sqm and 388 sqm approximately. The architectural design is inspired by the ecology of the Huangpu River, with a flowing design silhouette featuring flexible and functional layouts. It also allows for the seamless connection of indoor spaces and outdoor terrace areas, maximising the breathtaking river views and creating a harmonious living experience integrated with nature.

 

Residents will enjoy a full suite of clubhouse amenities, including an indoor swimming pool, state-of-the-art gym facilities, banqueting and children's play areas. The retail portion adjacent to the residences will feature approximately 60,000 sqm of commercial space, which will introduce over 100 high-quality retail, dining, and service brands, providing residents with a convenient and luxurious urban lifestyle on the doorstep.

 

More residential apartments at Lujiazui Taikoo Yuan Residences will be available for sale in 2025. For more information, please follow the official WeChat account of Lujiazui Taikoo Yuan Residences or call the sales hotline at (021) 6839 8888 for further details.

 

Swire Properties has a 40% equity interest in the Lujiazui Taikoo Yuan mixed-use development.