Deep Water Pavilia, Phase 5A of The Southside project in Wong Chuk Hang, has trimmed discounts on two of its price lists and will offer 42 units for sale on Wednesday at an average discounted price of about HK$24,591 per square foot.
The project was jointly developed by New World Development (0017), Empire Group, CSI Properties (0497), Lai Sun Development (0488), and MTR Corporation (0066).
The developers updated price lists 3A and 4A on Saturday, cutting the maximum discounts from 20 percent to 16.5 and 19 percent, respectively.
Of the 42 units to be launched on Wednesday, 14 are from price list 3A and 28 are from 4A. The units range in size from 476 to 952 square feet, and comprise two- and three-bedroom layouts.
Discounted prices for the units range from HK$10.49 million to HK$27.08 million, or HK$21,711 to HK$28,856 per square foot.
The batch’s lowest-priced unit is a two-bedroom, 476-sq-ft apartment, with a discounted price of about HK$10.49 million after a maximum 19 percent discount, translating to around HK$22,027 per sq ft.
The development recorded five additional transactions on Saturday, generating total sales of HK$53.21 million in a single day.
STAFF REPORTER
