Key facts
- New World Development is releasing 28 units of its Pavilia Rosa project in Kowloon Tong.
- The sale will be conducted on a first-come, first-served basis.
- The project has already sold 42 units through a tender process.
- The total value of units sold so far is approximately HK$2.4 billion (US$306 million).
Hong Kong developer New World Development (NWD) is releasing 28 units of its Pavilia Rosa residential project in Kowloon Tong for sale on Friday. The units will be offered on a first-come, first-served basis, a move seen as a test of buyer sentiment and demand in the city's property market, which is currently facing headwinds from a slumping Hang Seng Index.
NWD announced that the project has already achieved sales of 42 residences through a tender process, generating approximately HK$2.4 billion (US$306 million). The upcoming launch of the remaining units aims to gauge current market conditions.