North Point’s State Pavilia launches 30 more flats

Summary

Key Points

• The project is held by Talent Virtue Enterprise under Chow Tai Fook Group, with New World Development assisting in planning, marketing and sales for the North Point development. 12
• Price List No. 4 covers 30 flats: 17 one-bedroom units, 12 two-bedroom units and one three-bedroom unit, with saleable areas from 301 to 602 square feet. 12
• List prices range from HK$8.223 million to HK$19.374 million, or HK$27,049 to HK$33,850 per square foot, before discounts. 12
• After the maximum 21% discount, discounted prices range from HK$6.496 million to HK$15.305 million, with discounted prices per square foot from HK$21,368 to HK$26,741. 12
• By 3pm on Monday, the project had received more than 4,500 registrations of interest for the first four price lists covering 140 flats, representing oversubscription of more than 31 times. 12
• The cheapest flats on the new list are Flat E and Flat F on the 10th floor, both one-bedroom units with a saleable area of 304 square feet, priced at HK$6.496 million after discounts, or HK$21,368 per square foot. 12 The most expensive flat on the list is Flat A on the 23rd floor, a three-bedroom unit of 602 square feet, priced at HK$15.305 million after discounts, or HK$25,424 per square foot. 1 The highest discounted price per square foot belongs to Flat E on the 23rd floor, a 433-square-foot two-bedroom unit priced at HK$11.579 million after discounts, or HK$26,741 per square foot. 1
• Across the first four price lists, State Pavilia has now offered 140 flats, with an average discounted price of HK$21,666 per square foot. 12 am730 also reported that the discounted market value of those 140 flats is about HK$1.17 billion. 2 The development is at 1 Hei Wo Street, North Point, is a single-tower project providing 194 flats, and has an anticipated key date of December 31, 2027. 2

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