Pavilia Farm's third phase is poised to hit market

Business | Staff reporter 18 May 2021

New World Development (0017) received presale consent for the third phase of The Pavilia Farm atop Tai Wai Station.

The third phase provides 892 flats, from one-bedroom flats to four-bedroom flats.

The 337 units in the first price list of phase two were offered at an average HK$19,838 per sq ft after discounts, about 5 percent higher than the first price list of phase one.

The first phase of the project received more than 22,700 registrations of interest in the first round of sale, the highest number of registrations since 1997, and the developer sold 2,103 flats in the first two phases.

In Tai Kok Tsui, Henderson Land Development (0012) will offer 11 flats at Aquila Square Mile for sale on Friday. The 11 flats are offered at HK$5.14 million to HK$9.2 million, or HK$22,583 per sq ft to HK$27,032 per sq ft after discounts.

Meanwhile, NWD's Impact Kommons, Asia's first United Nations Sustainable Development Goals based accelerator, hosted a demo day for its second cohort. A total of 14 startups presented 12 business integration solutions, working with the NWD's business units and partners, ranging from construction, elderly care, education and facilities management.

Combined with the first cohort of Impact Kommons, the startups have already achieved 21 integrations. NWD also said that recruitment for the next cohort has begun and will focus on further business collaboration opportunities between startups and New World Group business units and partners.

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