State Pavilia's First Round Sales Hit HK$2.25 Billion; 88 Units Launching Wednesday from HK$6.48 Million

The new North Point development, State Pavilia, under New World Development (0017), achieved significant success during its first round of sales (February 15). All 168 units in the first batch were sold out, prompting the developer to release additional units later that evening. The second round of sales, offering 88 units, is set to happen on Wednesday (February 19).

According to the developer, the response to State Pavilia has been overwhelmingly positive. The first round of sales, which used a price list format, sold all 168 units, setting a record as the first major property launch of 2025. Among the buyers, 20 groups of large-scale investors purchased two or more units, accounting for a total of 68 units. The largest buyer spent nearly HK$52 million to acquire six units, while two other buyers each purchased four units. Large-scale investors accounted for over 40% of the first-round sales.

Since its launch last month, the project has been highly sought after, with 188 units sold so far, generating more than HK$2.25 billion in revenue.

On Saturday, the developer released a new price list for 88 units to be sold in the second round. The discounted prices range from HK$6.487 million to HK$15.409 million, with discounted prices per square foot between HK$17,920 and HK$28,588. The units range in size from 343 square feet to 621 square feet. Ticket registration for this round will close on Tuesday (February 18).

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