| For Immediate Release | 10 May 2025 |
Swire Properties is pleased to announce another strong market response for Lujiazui Taikoo Yuan Residences, following a successful sales launch in December 2024. 55 units, out of 57 units in this second batch were sold on the first day, bringing in total proceeds of RMB 5.76 billion from both launches. This represents 97% of all units launched to date. Developed in collaboration with the Lujiazui Group, Lujiazui Taikoo Yuan Residences marks Swire Properties' residential debut in the Chinese Mainland.
The apartments launched for sale in the two riverside towers include units of 285 sqm and 381 sqm, as well as an exclusive penthouse spanning approximately 731 sqm. The average price per unit is approximately RMB 57 million, or RMB 171,800 per sqm.
"We are very encouraged by the overwhelming response to the second batch of sales for Lujiazui Taikoo Yuan Residences," said Adrian To, Director, Residential at Swire Properties. "The strong sales performance reflects the market's enthusiasm for the mixed-use development, which offers luxurious and stylish living in a prime riverside location, complemented by a modern design and high-quality finishes throughout."
"Despite global economic uncertainties, Shanghai's luxury residential market has demonstrated remarkable resilience. Strong economic fundamentals, combined with Shanghai's cosmopolitan appeal, firmly establish the city as one of the top destinations for buyers and long-term investors."
Lujiazui Taikoo Yuan Residences comprises 11 towers featuring a total of 378 three- and four-bedroom apartments, ranging from 188 sqm, 235 sqm, 278 sqm and 388 sqm in size. Spanning over 6,800 sqm, the clubhouse offers residents a full range of facilities, including an indoor swimming pool, a state-of-the-art gymnasium, banqueting facilities, a children's playground, and more. In response to increased demand, a selection of apartments, including 188 sqm and 235 sqm units, will be available for sale in Q3 2025.
Buyers will also be invited to join Taikoo Li Qiantan's exclusive VIC membership programme, offering access to an exciting array of retail and wellness experiences at this leading luxury retail destination developed by Lujiazui Group and Swire Properties.
Lujiazui Taikoo Yuan - a new riverfront experience for Shanghai
Lujiazui Taikoo Yuan Residences forms an integral part of Lujiazui Taikoo Yuan. Spanning approximately 390,000 sqm (excluding underground carparks), the mixed-use development comprises luxury residential, Grade-A offices, a premium retail complex, cultural and event spaces, a boutique hotel and serviced apartments. With a unique design that pays homage to the area's industrial heritage, Lujiazui Taikoo Yuan is set to become a world-class commercial and residential landmark in Pudong and for the city of Shanghai.
The retail complex will showcase distinctive characteristics. The areas adjacent to the residences will house leading global brands, providing a fresh and upscale experience of dining, lifestyle and fashion for customers. In contrast, the heritage buildings along the riverfront will offer experiential retail, art & culture combined with unique culinary experiences, cultivating a vibrant and diverse community within the district.
The residential towers of Lujiazui Taikoo Yuan Residences are currently under construction and are expected to be topped out progressively from the second half of 2025, with handover scheduled in phases for 2026 to 2027. Other portions of Lujiazui Taikoo Yuan will open in phases from 2027. Swire Properties holds a 40% equity interest in Lujiazui Taikoo Yuan.
For more information, please follow the official WeChat account of Lujiazui Taikoo Yuan Residences or call the sales hotline at (021) 6839 8888.
Photo Captions
Please download high-resolution images here.
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1 Rendering of Lujiazui Taikoo Yuan Residences |
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2 Rendering of Lujiazui Taikoo Yuan West (based on the design scheme as of July 2024) |
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3 Overwhelming market response at the sales event |
About Lujiazui Group
Shanghai Lujiazui Development (Group) Company was founded in 1990. The Group was initially focused on the urban development of the Lujiazui Financial and Trade Zone. As the primary driver of Pudong's development, the Group has recently expanded its footprint to emerging hubs such as Qiantan, Yuqiao, Zhangjiang, and Lingang. Today, the Group manages its business and investments through three major operating divisions: urban development, cultural,sports and tourism development and financial services, and is committed to becoming an outstanding and competitive mixed-use operator in the Modern Service Industry.
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel, and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Pacific Place, Cityplaza and Citygate. The Company's completed portfolio in Hong Kong comprises approximately 1.54 million sqm (approximately 16.5 million sq ft) of space.
In the Chinese Mainland, Swire Properties has six completed mixed-use developments. They include Taikoo Li Sanlitun and INDIGO Phase One^ in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. Taikoo Place Beijing^, Taikoo Li Xi'an, Sanya development project (Phase 3)*, New Bund Mixed-use Project*, Lujiazui Taikoo Yuan in Shanghai and Taikoo Li Julong Wan Guangzhou are currently under development. The Company's completed portfolio in the Chinese Mainland comprises approximately 1.3 million sqm (14 million sq ft) of space.
In addition to Hong Kong and the Chinese Mainland, the Company has a presence in Indonesia, Vietnam, Singapore, Thailand and Miami, USA.
Swire Properties has achieved global leadership in sustainable development with its No. 1 ranking in the Dow Jones Best-in-Class World Index 2024 (formerly known as Dow Jones Sustainability World Index), in the Real Estate Management & Development Industry category.
Visit Swire Properties' website at www.swireproperties.com
^Comprising INDIGO Phases One & Two, the project will be renamed "Taikoo Place Beijing" upon completion of the Phase Two extension.
*Project name to be confirmed.
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