Shanghai's High-End Residences Continue to Soar: Sunac Bund No.1 Yard Phase 2 Sells Out in an Hour, Raking in RMB 5.674 Billion

[Unabated Popularity of High-end Residences in Shanghai]

On August 17, the second phase of Sunac Bund No.1 Yard, located in the Dongjiadu area of Huangpu District, Shanghai, reopened for sale, with all 110 units sold out within an hour. The total transaction value for the day reached RMB 5.674 billion, achieving a 100% sales rate. The majority of the units offered this time are large, flat-layer apartments with areas ranging from approximately 255 to 500 square meters, with an average price exceeding RMB 51 million per unit and a unit price of RMB 171,000 per square meter. In the four and a half days leading up to the opening, a total of 200 sets of customers made deposits, exceeding a subscription ratio of 180%. According to Sunac, many of the subscribers were returning customers from the first phase of Bund No.1 Yard who have once again opted for products from the second phase.