Beaufort, CapitaLand China Holdings’ luxury residential project in Beijing, saw strong buyer response when it was launched at the end of January.

The condominium sits on a 53,808-square metre site at Beijing’s Fourth Eastern Ring Road. An entire block, comprising 467 units, was launched for sale and about 95% of the units have been sold to date. The average launch price for the units is RMB27,000 ($5,600) per square metre. Total sales value amounts to over RMB800 million ($167 million).

Residents will get to enjoy a comprehensive range of condominium facilities, including a 1,500-square-metre clubhouse complete with a 25-metre swimming pool and a fitness centre. The Beaufort development will be completed over three to five years. The first residential block is slated to be handed over to the homebuyers by 2011.

Beaufort is located just two kilometres from the China World Trade Centre in Beijing. Within walking distance is the Beijing Chaoyang Park, one of China’s largest city parks; the China Central Television Tower in Beijing; international schools like the Eton International School; and Itochu shopping mall. With a network of transportsystems in place, the shopping district and entertainment enclave as well as offices located in the Central Business District are all within convenient reach.