Deep Water Pavilia Receives Nearly 2,500 Checks, Oversubscribed by 16 Times

Deep Water Pavilia in Wong Chuk Hang, developed jointly by New World Development (0017), Emperor Group, CSI Properties (0497), Lai Sun Development (0488), and MTR Corporation (0066), has received nearly 2,500 checks. This represents a 16-time oversubscription, based on the 151 units offered in the first two price lists.

According to the developer, the sales arrangements will be uploaded within 24 hours, with the first price list scheduled for sale later this week. Over the past six days, 29 units have been sold, generating more than HK$1.57 billion in revenue, with an average transaction price of HK$54.3 million per unit and an average price per square foot of nearly HK$39,000. The project has also recorded five transactions involving wealthy buyers making bulk purchases.

Additionally, Deep Water Pavilia successfully auctioned 35 units over seven consecutive days, generating over HK$1.8 billion in revenue. The average transaction price was over HK$50 million per unit, with an average price per square foot exceeding HK$38,000.

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