What is the latest valuation for the ONE Carmel project after permit approval?

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The ONE Carmel Project Achieves Valuations Exceeding US$200 Million for Land and US$2 Billion for the Total Project Following Permit Approval

The ONE Carmel project has reached significant financial milestones, with its land value now exceeding US$200 million and its total project value surpassing US$2 billion subsequent to the approval of its White Paper by the California Department of Real Estate (DRE). This crucial permit, also known as the Final Subdivision Public Report, signifies the project's transition from the planning phase into compliant market entry, offering stakeholders assurance regarding its legal and financial integrity.
Land and Total Project Valuation Surges Post-Permit Approval

Following the DRE's issuance of the White Paper on November 13, the latest valuation reports confirm a substantial increase in the project's worth. The land value for ONE Carmel has been assessed at over US$200 million (approximately HK$1.56 billion). Concurrently, the overall project valuation has climbed to more than US$2 billion (approximately HK$15.6 billion), reflecting the DRE's validation of the project's structure and compliance with California's rigorous real estate regulations.
Rigorous Approval Process Underscores Project Credibility

Obtaining the California real estate sales white paper involved a comprehensive review process, encompassing land use planning, infrastructure development, community governance, and financial supervision. The project successfully met over 300 government conditions, including the prior completion of essential infrastructure like roads, water, electricity, and telecommunications, alongside the establishment of a legally compliant Homeowners Association and the provision of substantial completion bonds. This thorough vetting process by the DRE confirms the transparency, financial soundness, and legal compliance of the ONE Carmel offering.
Strategic Location and Development Milestones

Situated in Carmel Valley, Monterey County, California, the 891-acre ONE Carmel project is strategically located in one of Northern California's most affluent residential areas, near Highway 1 and exclusive private estates. After nearly eight years of development, Phase I foundational works for the 73 custom estate lots are complete. Phase I infrastructure for 36 lots and community entrance facilities are slated for completion by the end of 2026, with concurrent development of model homes and a wellness clubhouse.

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What is the latest valuation for the ONE Carmel project after permit approval?

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