Hong Kong homebuyers snap up all flats on offer at Deep Water Pavilia amid discounts
As of 4pm, all 138 flats on offer at the New World-led luxury residential project in Wong Chuk Hang were sold out
“Deep Water Pavilia is located on top of an MTR station, which is convenient,” said Louis Chan Wing-kit, chief executive at Centaline Property Agency. “Sale prices are also lower than other properties in the area, which attracted both end users and investors to buy flats in the project.”
Centaline had some big buyers who took part in the weekend property sale, according to Chan. One spent HK$79 million to buy eight two-bedroom flats, while another paid HK$55 million to acquire five two-bedroom flats.
The strong performance of the Deep Water Pavilia project reflects how the city’s major property developers are continuing to offer hefty discounts to reduce their inventories amid ample supply.