Hong Kong-listed New World Development’s Pavilia Farm a bright spot in otherwise dismal year for real estate sector

//Hong Kong-listed New World Development’s Pavilia Farm a bright spot in otherwise dismal year for real estate sector

Hong Kong-listed New World Development’s Pavilia Farm a bright spot in otherwise dismal year for real estate sector

Hong Kong property company New World Development’s (NWD) Pavilia Farm project has been a bright spot in an otherwise dismal year for the city’s real estate sector.The project, developed in partnership with transit operator and property developer MTR Corporation, has sold about 2,100 units in around six weekends for almost HK$23.8 billion (US$3.06 billion).NWD reported sales of HK$26.4 billion in the first 11 months of this year, which may help it displace Sun Hung Kai Properties (SHKP) as Hong…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-20T01:45:18+00:00 December 20th, 2020|Business|Comments Off on Hong Kong-listed New World Development’s Pavilia Farm a bright spot in otherwise dismal year for real estate sector