Kai Tak THE PAVILIA BAY Records 4th September Deal at HK$47.7M for 4-Bed Unit
SingTao · 2 SOURCES1 day ago3 MIN
Summary
Sun Hung Kai Properties (SHKP) reported another significant sale at its Kai Tak runway luxury development, THE PAVILIA BAY, on Monday, September 28, 2026. The transaction involved Unit B on the 16th floor of Tower 8, featuring a saleable area of 1,157 square feet with a four-bedroom, one-ensuite layout. The transaction price reached HK$47.73 million, translating to HK$41,253 per square foot . This sale represents the fourth deal recorded at the development this month alone, demonstrating sustained buyer interest in the project despite broader market conditions.
The project, which is being sold as a completed development, has now accumulated 49 units sold since its launch, generating total proceeds exceeding HK$3.4 billion . Earlier in September, the development achieved two record-breaking transactions: a 2,144-sq-ft four-bedroom unit with four ensuites on the 22nd floor of Tower 1 sold for approximately HK$169 million at HK$79,073 per square foot, setting new benchmarks for both total price and price-per-square-foot among standard units in the project . The strong sales momentum underscores continued demand for premium residential properties in Hong Kong's former airport redevelopment zone.
Key Points
- Unit B, 16th floor, Tower 8 (Phase 2B) at THE PAVILIA BAY sold via tender for HK$47.73 million; saleable area 1,157 sq ft; four-bedroom, one-ensuite layout; price per sq ft HK$41,253
- This is the fourth transaction at THE PAVILIA BAY in September 2026, following three consecutive weeks of billion-dollar-plus deals earlier in the month
- Cumulative sales reached 49 units with proceeds exceeding HK$3.4 billion since the project commenced sales as a completed development
- Phase 2B comprises two towers (Towers 8 and 9/9A) offering 140 units ranging from 498 to 3,537 sq ft; four-bedroom units account for 84 units (60% of inventory); 117 residential parking spaces available
- Record transaction: Unit A, 22nd floor, Tower 1 (2,144 sq ft, four-bedroom, four-ensuite plus one parking space) sold for approximately HK$169 million at HK$79,073 per sq ft, setting new price and per-sq-ft records
Why It Matters
The sustained sales momentum at THE PAVILIA BAY—particularly the string of billion-dollar-plus transactions—signals persistent demand for premium residential units in Hong Kong's emerging Kai Tak precinct, even as broader market conditions remain challenging. The strong reception validates SHKP's strategy of positioning the project as a luxury completed development, while the diverse unit mix ranging from two to five bedrooms continues to attract a broad spectrum of high-net-worth buyers seeking quality accommodation in one of the city's most prominent redevelopment zones .
The sustained sales momentum at THE PAVILIA BAY—particularly the string of billion-dollar-plus transactions—signals persistent demand for premium residential units in Hong Kong's emerging Kai Tak precinct, even as broader market conditions remain challenging. The strong reception validates SHKP's strategy of positioning the project as a luxury completed development, while the diverse unit mix ranging from two to five bedrooms continues to attract a broad spectrum of high-net-worth buyers seeking quality accommodation in one of the city's most prominent redevelopment zones .