Hong Kong developer NWD to launch second State Pavilia offering after weekend sell-out
New World Development (NWD) is launching a second offering of 88 flats at its State Pavilia project in North Point on Wednesday after selling all 168 units offered during the initial phase of the redevelopment project on Saturday. The initial sale attracted over 7,800 orders, being oversubscribed 45 times, indicating strong market demand.
The new units range from 343 to 621 sq ft and are priced between HK$6.49 million and HK$15.4 million, with an average discounted price of HK$19,747 per square foot, slightly higher than the previous offering. Analysts suggest that the recent surge in the Hang Seng Index and the project's attractive location and pricing are motivating factors for buyers, potentially suppressing transaction volume in the second-hand market in the coming months.
via SCMP Full Text Feed
New World Development (NWD) is launching a second offering of 88 flats at its State Pavilia project in North Point on Wednesday after selling all 168 units offered during the initial phase of the redevelopment project on Saturday. The initial sale attracted over 7,800 orders, being oversubscribed 45 times, indicating strong market demand.
The new units range from 343 to 621 sq ft and are priced between HK$6.49 million and HK$15.4 million, with an average discounted price of HK$19,747 per square foot, slightly higher than the previous offering. Analysts suggest that the recent surge in the Hang Seng Index and the project's attractive location and pricing are motivating factors for buyers, potentially suppressing transaction volume in the second-hand market in the coming months.
via SCMP Full Text Feed
