New World Development launches mega Hong Kong project at lower-than-expected prices, as Covid-19, recession weigh on market

//New World Development launches mega Hong Kong project at lower-than-expected prices, as Covid-19, recession weigh on market

New World Development launches mega Hong Kong project at lower-than-expected prices, as Covid-19, recession weigh on market

Hong Kong property company New World Development will offer the first batch of its The Pavilia Farm project in Sha Tin at lower-than-expected prices, as the city’s third coronavirus wave and its worst recession in decades weigh on the property market.The first batch of 180 units measuring 322 sq ft to 835 sq ft will be offered at prices ranging from HK$16,618 (US$2,144) to HK$23,877 per square foot, or HK$6.3 million to HK$19.9 million, each. These flats will be completed in June 2022. Their…

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By | 2020-10-09T11:35:47+00:00 October 9th, 2020|Business|Comments Off on New World Development launches mega Hong Kong project at lower-than-expected prices, as Covid-19, recession weigh on market