Deep Water Pavilia, Phase 5A of The Southside in Wong Chuk Hang, has received over 5,300 cheques, making it approximately 53 times oversubscribed. It is set to launch its second round of sales for 100 units on Friday, after which the project will raise prices for subsequent releases, according to New World Development (0017).
The project was jointly developed by New World Development (0017), Empire Group, CSI Properties (0497), Lai Sun Development (0488) and MTR Corporation (0066).
The 100 units set for Friday’s launch will be sold in four groups, according to the developer. The units fall between 476 and 1,261 square feet, including two four-bedroom, four three-bedroom, and 94 two-bedroom units. Discounted prices range from HK$9.1 million to HK$35 million, or HK$19,075 to HK$27,852 per sq ft.
NWD stated plans to raise prices for the next batch of units after this coming round of sales.
In addition, New World said the Pavilia Farm I and II in Sha Tin will upload new sales brochures today and will raise prices for upcoming sales shortly.
Citic Pacific's Jardini in Jardine's Lookout also recorded the first transactions since its tender launch, selling three units on Thursday at prices ranging from HK$20.5 million to HK$26.38 million, or between HK$38,000 and HK$47,000 per sq ft.
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