New World and China Merchants Launch Fanling Project with 2,290 Units
SingTao · 3 SOURCESabout 2 hours ago5 MIN
Summary
New World Development and China Merchants Shekou have unveiled their joint residential project PA VILIA COLLECTION in Fanling, set to launch in early 2027 with 2,290 units across four phases. The development will feature the largest shopping mall in the district, spanning over 1.1 million square feet, targeting local upgraders, extended families, and cross-district buyers drawn by Northern Metropolis infrastructure. The project is scheduled for completion in September 2029, with the developers having paid a land premium of HK$1.82 billion in 2024.
Key Points
- The project at Ma Sik Road in Fanling comprises 2,290 residential units distributed across four phases: 560, 655, 504, and 571 units respectively .
- Total gross floor area reaches approximately 1,118,400 square feet, with the self-contained shopping mall exceeding 1.1 million square feet, making it the largest retail facility in the district .
- The development achieved land exchange status with the government in 2024, with the land premium settled at approximately HK$1.82 billion, translating to about HK$1,627 per square foot of buildable area .
- Construction is progressing with all four phases targeted for handover by September 2029, representing a pre-sale period of approximately 35 months .
- New World Sales and Marketing Director Ho Ka-yan (何家欣) explained that the project aims to capture pent-up demand from local upgraders and families, with the nearby Fanling Bypass already operational and the Northern Metropolis expected to create 650,000 jobs .
Why It Matters
The Fanling Ma Sik Road project represents one of the first major private residential launches in Hong Kong's Northern Metropolis, a strategic development zone designed to accommodate approximately 2.5 million residents and provide 650,000 jobs . With the government's first Five-Year Plan released in September 2026 outlining the Northern Metropolis blueprint, this project signals how private developers are positioning themselves to capitalize on the region's transformation into a hub for innovation, logistics, education, and tourism sectors.
The Fanling Ma Sik Road project represents one of the first major private residential launches in Hong Kong's Northern Metropolis, a strategic development zone designed to accommodate approximately 2.5 million residents and provide 650,000 jobs . With the government's first Five-Year Plan released in September 2026 outlining the Northern Metropolis blueprint, this project signals how private developers are positioning themselves to capitalize on the region's transformation into a hub for innovation, logistics, education, and tourism sectors.