26 September 2014 - Developers appear to have recently sped up sale arrangements for their luxury residential developments. After uploading of the e-brochure earlier this week, New World Development (0017) unexpectedly announced the price of the first batch of units at “The Pavilia Hill” in North Point yesterday.
The price list puts the average price of the project’s first batch of 72 units at HKD27,708 per sq. ft.. Taking the maximum discount provided by the developer into account, the average price stands at HKD23,159 per sq. ft. which is close to similar units in the second hand market within the district.
Show flats of the project will be open for inspection tomorrow and the launch is expected to happen next week. The first batch units are located at Tower 1, 5 and 6. They are sized between 597 to 1,521 sq. ft. (saleable) with prices ranging from HKD15.55 million to HKD56.12 million (HKD 23,701 to HKD36,945 per sq. ft.)
In addition, Swire Properties (1972) will launch a new batch of 26 units at its Mid-Levels West development “Arezzo” next Tuesday (30 Sept). The developer increased the price for this batch of units by 3%, setting prices between HKD23,800 to HKD33,400 per sq. ft..
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