First price list rolled out for State Pavilia

Staff reporter

State Pavilia, the luxury residential project within New World Development's (0017) redevelopment of the State Theatre in North Point, will unveil a first price list of at least 88 flats today.

Show flats will open on Saturday, with buyer registrations starting the same day and sales are expected to begin next week, NWD general manager of business and marketing for special projects Cannas Ho Ka-yan said.

Ho said prices in the first list will be based on large developments near MTR stations on Hong Kong Island.

In Yuen Long, Hava is expected to release its price list and open show flats soon, with sales kicking off this month, Kerry Properties (0683) said. The developer said the prices, based on new homes in the area and along MTR lines, will be attractive.

In Shau Kei Wan, Oria, developed by Hip Shing Hong, unveiled a fourth price list for 16 flats at an average price of HK$19,814 per square foot after discounts, nearly 4 percent higher than its previous list released last month.

The list offers two studios and 14 one-bedroom units, starting at HK$4.01 million after discounts, with sales starting on Sunday.

In Kwun Tong, Bal Residence, developed by Lai Sun Development (0488) and the Urban Renewal Authority, has updated its price list after adding 20 high-floor units to offer 31 flats priced at HK$13,165 per sq ft after discounts.

And in Stanley, the luxury One Stanley project developed by Kin Ho Properties plans to offer 18 homes ranging from 1,097 to 2,565 sq ft in size by tender shortly.