On November 13 (Pacific Standard Time), Phase I of ONE Carmel obtained its White Paper—the Final Subdivision Public Report from the California Department of Real Estate (DRE)—marking the project's official entry into the compliant sales stage. Following approval, land value now exceeds US$200 million (approximately HK$1.56 billion), with total project value surpassing US$2 billion (approximately HK$15.6 billion).
This realty luxury development spans 891 acres in Carmel Valley with 73 custom estate lots averaging 4.38 acres each. The white paper approval, requiring satisfaction of over 300 government conditions, validates the project's legal structure and financial soundness. Phase I infrastructure for 36 lots is expected to be completed by the end of 2026.
ONE Carmel integrates AI intelligent systems including security robots and smart concierge services, while DL Holdings' RWA tokenization plan converted US$40 million (approximately HK$312 million) in equity into digital tokens, pioneering luxury real estate with blockchain technology.
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