CapitaLand China Holdings, the wholly-owned subsidiary of CapitaLand, says 60% of the 220 units in the Phase 2 launch of The Beaufort condominium in Beijing have been sold at an average price of around RMB38,500 ($7,500) per square metre over the Christmas weekend.

One- and two-bedroom apartments at The Beaufort were priced at between RMB2.3 million and RMB4.1 million each.

In Phase 1, CapitaLand China released 467 units at an average price of RMB27,000 per square metre. These units have been fully sold.

To date, the total sales value achieved for the two phases amount to RMB1.29 billion.

The Beaufort sits on a 53,808-square metre site at Beijing’s Fourth Eastern Ring Road. The condominium is located near to Beijing’s media hub, international and local banks, financial institutions, headquarters of multinational corporations, shopping malls and entertainment and dining facilities.

Beaufort will have a total of four residential towers with 1,027 high-end apartments. Buyers may choose from several unit types, comprising studio, one- to four-bedroom apartments, which range from 56 to 230 square metres in size.