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Cumulative sales reach approximately RMB 17.7 billion
Swire Properties is pleased to announce that the final batch of sales at Lujiazui Taikoo Yuan Residences has received an enthusiastic market response and achieved excellent results, resulting in outstanding overall performance. 48 of the 72 units in this latest batch were sold on the first day, while cumulative sales have now reached approximately RMB 17.7 billion, with 92% or 348 of the total 378 apartments sold to date. This last batch of units has achieved an average price of RMB 191,800 per sqm, the highest among Shanghai's new residential developments launched this year, reflecting strong buyer confidence in the project.
This final batch comprises 72 units, including apartment sizes of approximately 388, 290, 240, and 180 sqm and an exclusive penthouse, with the majority of units located in the high zone offering stunning riverfront views. The record price underscores the strong appeal of Lujiazui Taikoo Yuan Residences as a rare riverfront development.
"Lujiazui Taikoo Yuan Residences, our first residential development in the Chinese Mainland, developed in collaboration with the Lujiazui Group, has been a spectacular success and achieved very strong sales since its first launch in December 2024, setting a benchmark for premium residences in Shanghai," said Adrian To, Director, Residential at Swire Properties. "The encouraging results reflect the market's confidence in our high-quality product and long-term vision in transforming the area into a sustainable mixed-use community, offering luxurious and stylish riverside living along Lujiazui waterfront in Pudong."
"We look forward to developing more exceptional residential projects in the Chinese Mainland that set new standards in high-end, residential-led mixed-use developments. This is an integral part of our broader strategy to strengthen our residential pipeline across the Chinese Mainland, Hong Kong and Southeast Asia. Building on the strong sales momentum of our residential projects, preparations for upcoming launches, including THE HEADLAND RESIDENCES in Hong Kong and the Upper House-branded residences in Bangkok, are well underway."
Construction of Lujiazui Taikoo Yuan Residences is progressing well, with the first batch of handovers to buyers scheduled to begin by the end of this year. To offer prospective residents an experience of Lujiazui Taikoo Yuan Residences' premium service, amenities and riverside lifestyle, exclusive yacht cruises along the Huangpu River and exclusive clubhouse events have been organised in partnership with the Lujiazui Group. Further exclusive events will take place in the lead-up to completion, offering early access to the lifestyle amenities and services available.
Lujiazui Taikoo Yuan Residences features 11 residential towers comprising 378 three- and four-bedroom apartments, ranging from approximately 180 to 240, 290 and 388 sqm in size, including exclusive penthouse apartments. The residential development is a core component of the Lujiazui Taikoo Yuan mixed-use development that spans approximately 390,000 sqm (excluding underground carpark spaces). The project's design team comprises Make Architects, PLPL, and CCD as leading architecture and interior designers, contributing to the urban regeneration and heritage restoration project that brings together luxury residences, Grade-A offices, a premium retail mall, cultural and event spaces, a boutique hotel and serviced apartments.
Adjacent to the residential towers, the West Zone of the retail development will introduce a curated selection of international brands across its distinct areas, delivering premium dining, lifestyle, and style-driven experiences. The East Zone, which revitalises the site's industrial heritage, will feature experiential retail, arts and culture and unique dining options, fostering a vibrant and diverse community.
Beyond Lujiazui Taikoo Yuan Residences, other components of the mixed-use development will open in phases starting from 2027, as Lujiazui Group and Swire Properties join forces to create a truly world-class destination in Shanghai.
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 contact the sales hotline at (021) 6839 8888.
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Photo Captions
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1 Rendering of Lujiazui Taikoo Yuan Residences
2 Rendering of 240 sqm apartment
3 Positive market response at the recent sales event
About Lujiazui Group
Founded in 1990, Shanghai Lujiazui (Group) Co., Ltd. is a major state-owned enterprise established with the approval and support of the Shanghai Municipal People's Government. Guided by its mission – "Serving National Strategies, Leading Urban Growth, and Creating a Better Life" – Lujiazui Group plays a leading role in the integrated development and operation of Pudong. The Group has expanded its footprint from the Lujiazui Finance and Trade Zone to areas including New Bund (Qiantan), Yuqiao, Zhangjiang, Lingang, Zhoupu, Chuansha, and Hangtou. Its development framework consists of one investment hub (Group Headquarters) and three major industrial sectors: Urban Integrated Development & Services, Specialised Financial Services, and Cultural-Sports-Commercial-Tourism Services.
Looking ahead, as Pudong continues to advance reform and establish itself as a model for socialist modernisation, Lujiazui Group will continue to leverage its strength in regional development and operations. The Group remains committed to driving innovation, shaping new milestones, and making meaningful contributions to Pudong's continued progress.
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 1.51 million sqm (approximately 16.3 million sq ft) of space.
In the Chinese Mainland, Swire Properties has six completed mixed-use developments. They include Taikoo Li Sanlitun and INDIGO^ 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, Taikoo Li Sanya*, the expansion of Taikoo Li Qiantan, 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 (14.4 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, U.S.A.
Visit Swire Properties' website at www.swireproperties.com
^Taikoo Place Beijing will include the existing INDIGO upon completion.
*Project name has yet to be confirmed.