2025-03-12 28Hse Editor
New World Development (0017) announced yesterday (February 11) the release of an additional 39 units in its North Point development, State Pavilia. The units range from one-bedroom to three-bedroom layouts, with discounted prices between HK$6.353 million and HK$20.392 million, at a per-square-foot price of HK$17,598 to HK$28,088. The first round of sales, consisting of 168 units, will take place this Saturday. The average discounted price per square foot is HK$18,941, and the sales will be conducted in four groups.
The newly launched units, detailed in Price List No. 3, include 39 flats: 1 three-bedroom unit, 23 two-bedroom units, and 15 one-bedroom units, with saleable areas ranging from 321 to 726 square feet. The listed prices are between HK$8.146 million and HK$26.144 million, with per-square-foot prices ranging from HK$22,565 to HK$36,011. After applying maximum discounts, the prices are reduced to HK$6.353 million to HK$20.392 million, with per-square-foot prices of HK$17,598 to HK$28,088.
The first batch of 168 units includes 44 one-bedroom units, 122 two-bedroom units, and 2 three-bedroom units, with sizes ranging from 321 to 726 square feet. After discounts, prices start at HK$6.055 million and go up to HK$20.392 million, with per-square-foot prices ranging from HK$16,888 to HK$28,088. The average discounted price per square foot for this batch is HK$18,941.
According to the developer, the project has received over 4,000 registrations since pricing was announced, resulting in an oversubscription of nearly 28 times for the first 138 units. The newly released units are mainly located on mid to high floors, with prices consistent with the earlier launch.
This Saturday's sales event is expected to draw significant attention, given the project’s prime location and strong market response.
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