The Pavilia Bay Series Sells 7 Units in Single Day for Over HK$46.76 Million
AM730 · 2 SOURCESabout 3 hours ago1 MIN
Summary
The final phase of Lohas Park in Tseung Kwan O, jointly developed by five major property developers and MTR Corporation, achieved robust sales performance with seven units sold in a single day, netting over HK$46.76 million . The development, known as the Pavilia Bay series, has demonstrated sustained market momentum throughout August, accumulating 135 unit sales totalling more than HK$1.07 billion . Since its initial launch, the project has achieved cumulative sales of 1,116 units with total proceeds exceeding HK$9.6 billion, marking it as one of the most successful residential developments in the New Territories .
Key Points
- Location: Lohas Park in Tseung Kwan O, the final phase development
- Developers: Sino Land, K. Wah International, Kerry Properties, China Merchants Land, and MTR Corporation
- Single-day sales: 7 units sold, generating over HK$46.76 million
- August performance: 135 units sold, proceeds exceeding HK$1.07 billion
- Total cumulative: 1,116 units sold, total proceeds surpassing HK$9.6 billion
Why It Matters
The strong sales performance of the Pavilia Bay series underscores sustained demand for large-scale integrated residential developments in Hong Kong's New Territories, particularly those benefiting from MTR connectivity and collaborative development among established developers .
The strong sales performance of the Pavilia Bay series underscores sustained demand for large-scale integrated residential developments in Hong Kong's New Territories, particularly those benefiting from MTR connectivity and collaborative development among established developers .