Pavilia Bay III Sells High-Floor 2-Bed Unit for HK$14.4M at HK$27K psf
SingTao · 2 SOURCESabout 3 hours ago2 MIN
Summary
New World Development and MTR Corporation's Pavilia Bay III project in Tai Wai achieved another milestone transaction on Sunday, with a high-floor 2-bedroom unit fetching HK$14.431 million. The property's strategic location above Tai Wai Station and comprehensive retail amenities proved decisive for the buyer, who had evaluated new developments across various districts before settling on this project. The Pavilia Bay series has accumulated strong sales momentum since its relaunch, with total transactions reaching 401 units and proceeds exceeding HK$6.5 billion.
Key Points
- Transaction involved Unit C on the 49th floor of Tower 1 (1B) at Pavilia Bay III, measuring 534 square feet of saleable area
- The 2-bedroom unit with enclosed kitchen features an open internal garden view and sold for HK$14.431 million
- Price per square foot reached HK$27,024, reflecting premium pricing for high-floor units in the development
- Buyer selected the project after comparing multiple new developments district-wide, valuing the MTR station connectivity and base-level shopping mall
- Pavilia Bay series has sold 401 units since relaunch, generating over HK$6.5 billion in cumulative sales revenue
Why It Matters
The continued strong sales performance of Pavilia Bay III underscores sustained demand for premium residential properties with transit-oriented advantages in the New Territories East corridor, while the latest transaction demonstrates buyer confidence in the Shatin and Tai Wai catchment area despite broader market uncertainties .
The continued strong sales performance of Pavilia Bay III underscores sustained demand for premium residential properties with transit-oriented advantages in the New Territories East corridor, while the latest transaction demonstrates buyer confidence in the Shatin and Tai Wai catchment area despite broader market uncertainties .