2025-06-16 28Hse Editor
Deep Water Pavilia in Wong Chuk Hang, developed jointly by New World Development (0017), Emperor Group, CSI Properties (0497), Lai Sun Development (0488), and MTR Corporation (0066), achieved a complete sell-out of its 138 units in the first-round sales on June 14. This marks the first time in nearly four years that a South Island new development sold out all units in its first-round price list.
Following the successful sales, the developer immediately released a new price list last night, adding 77 units for sale.
The newly released price list (No. 3) includes 77 units with usable areas ranging from 476 to 1,261 square feet. List prices are set between HK$11.374 million and HK$43.768 million, with per-square-foot prices ranging from HK$23,845 to HK$34,709. After a 20% discount is applied, the actual sale prices range from HK$9.099 million to HK$35.014 million, with discounted per-square-foot prices from HK$19,075 to HK$27,767.
According to agents, 26 bulk buyers purchased two or more units during the first round of sales, accounting for 75 out of the 138 units sold. The most significant purchase came from a buyer who spent nearly HK$80M to acquire eight units. Additionally, three other bulk buyers each purchased five units. Bulk buyers accounted for over 54% of the total units sold during the first round.
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