State Pavilia will hike prices by 3-5 pc for last 37 flats

Luxury residential project State Pavilia, part of the State Theatre redevelopment in North Point, is expected to hike prices by 3 to 5 percent for its remaining 37 flats in the near term, fueled by strong investor demand.

The last 37 flats include 31 one-bedroom and 6 two-bedroom units.

Developed by New World Development (0017), the project has recorded 351 sales to date, generating over HK$3.9 billion.

In addition, the developer said it's expected to launch a new residential project in Canton Road next month, mainly featuring one-bedroom and two-bedroom layouts.