Market Chatter: New World Development Projects Deep Water Pavilia, The Pavilia Forest Generate HK$14.6 Billion in Flat Sales

MT Newswires Live
Sep 05

New World Development's (HKG:0017) jointly-developed Deep Water Pavilia and The Pavilia Forest projects in Hong Kong have sold more than HK$14.6 billion worth of flats, The Standard reported Friday.

A total of 574 flats had been sold in the Deep Water Pavilia project for HK$10 billion as of August, translating into an average price per square foot of HK$27,000.

Deep Water Pavilia is the phase 5A residential project of The Southside mall located in Wong Chuk Hang.

Meanwhile, The Pavilia Forest in Kai Tak saw sales of 663 units for HK$4.6 billion, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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