Deep Water Pavilia, Phase 5A of The Southside development in Wong Chuk Hang, unveiled a new list of 77 units at higher prices, with an average discounted price of HK$22,126 per square foot, after selling all 138 units offered on launch day on Saturday via price list sales.
The project was jointly developed by New World Development (0017), Empire Group, CSI Properties (0497), Lai Sun Development (0488), and MTR Corporation (0066).
Cannas Ho Ka-yan, General Manager of Business and Marketing for Special Projects at NWD, said the newly released units range from 476 to 1,261 square feet, with discounted prices from HK$9.10 million to HK$35.01 million, or HK$19,075 to HK$27,767 per square foot.
The new list reflects a slight increase of up to 2 percent compared to the previous one, and further price hikes are possible for future releases, she added.
The 77 units primarily consist of two-bedroom apartments, including 69 two-bedroom, six three-bedroom, and two four-bedroom units. Among them, 36 units have discounted prices below HK$10 million, while 13 units are priced under HK$20,000 per sq ft.
Ho noted that sales arrangements should be uploaded by Monday at the latest, and the next round of sales could start as soon as the same week.
Meanwhile, the project sold all 138 units in its first public sale on Saturday, generating over HK$1.56 billion in cash on the day. Including tendered units, a total of 186 units have been sold since last month, raising over HK$3.8 billion.
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