On September 27th, Taipingqiao Block 122 (Lakeville Luxe Phase VI) sold out on its launch day, setting a new record for luxury home sales in China. Located in the heart of Shanghai's Xintiandi, in the Huangpu District, this project completes Shui On Land’s 20-year transformation of the Taipingqiao Xintiandi community. The land release policies of the time, combined with regulatory adjustments throughout the city's development and rising public awareness of heritage preservation, significantly increased the difficulty of the project. It became one of the most complex and challenging renewal efforts among Shanghai's recent historic neighborhoods.