Legendale is a completed residential building with 126 residential units. The property is part of a sizable development which also includes a hotel and serviced apartments. It is located inside the Beijing’s 2nd Ring Road, a short distance from Tiananmen Square, the Forbidden City and the Wangfujing retail area, making it one of the most desirable and prime residential locations in Beijing.

In 2016, Phoenix formed a Joint-venture with a Hong Kong-listed developer and acquired 114 out of 126 residential units. The price paid by the JV was lower than the market price at the time of acquisition. Phoenix purchased the residential units en bloc at a discount to prevailing market prices, and then after performing renovations, strata-sell the units shortly after.

The property is now for sale since 2021, Phoenix is confident with the luxury residential market in China. supported by strong first-time buyer/upgrading needs.