13 October 2014 - Occupy Central does not appear to have affected the launch of luxury residential projects. 31 units of “The Pavilia Hill” in North Point by New World Development (0017) were sold yesterday during its third round launch, cashing in close to HK$ 800 million for the developer.
One buyer purchased 2 apartments in the project for a total of HK$122 million. This included Flat A on the 29th Floor of Tower 1 which was transacted at over HK$ 40,000 per sq. ft. and set a record high price for the project.
In addition, Kerry Properties (0683) yesterday unexpectedly uploaded a new price list for its remaining 26 units of “8 LaSalle” in Ho Man Tin. The average price for standard units of the project has been set at about HK$ 29,393 per sq. ft. and its special units are priced at an average of HK$ 39,813 per sq.ft..
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