"Castle One By V" on Wei Cheng Road has launched 15 units, with a target price of HKD 50,000 per square foot for duplex units

Developed by The V Group, led by former chairman of the Land Registry, Chen Yunyan, Castle One By V has launched 15 units, with the duplex units priced at HKD 50,000 per square foot.

These 15 units include full-floor and special properties, comprising 5 units (A to E) on the 8th floor, ranging from studio to two-bedroom layouts, with a total usable area of 2,483 square feet. Additionally, 3 special units have been launched, including a platform special unit (Room 6A) with a usable area of 589 square feet, featuring a two-bedroom layout with a private platform; a duplex unit (Room 6B) with a usable area of 685 square feet, featuring a two-bedroom duplex layout with a terrace; and a top-floor duplex landmark (Rooms E on the 31st and 32nd floors) with a usable area of 879 square feet, featuring a two-bedroom layout and a 351 square foot rooftop.

Moreover, the latest sold unit at Castle One by V, Room 9C, has a usable area of 434 square feet, classified as a flexible one-bedroom (convertible to two bedrooms), priced at HKD 12.5 million, with a price per square foot of HKD 28,802.

Chen Yongjie, Vice Chairman of Centaline Property Asia Pacific and President of the Residential Department, stated that the property market is off to a good start in 2026, with particularly outstanding performance in the luxury market. According to Centaline's big data, the transaction volume in the primary market exceeding HKD 100 million has risen for two consecutive months, with 26 transactions in January alone, averaging almost one transaction per day, involving over HKD 5.3 billion, representing a month-on-month increase of 70% and 50%. Compared to only 3 transactions and approximately HKD 460 million in the same period last year, this year's increase is sevenfold and tenfold, expected to set a historical high for the number of luxury property transactions in Hong Kong in a single month, reflecting that capital is accelerating into quality assets with value retention.

Wu Xiaoling, Senior Regional Business Director of Centaline Property in the Western District, stated that CASTLE ONE BY V has realized nearly HKD 200 million since its launch, with about 80% of buyers being from mainland China