New World raises prices of new flats at Pavilia Farm project in Tai Wai after first phase units sold like hot cakes

• The average price for the new units at The Pavilia Farm is HK$19,838 per sq ft, up from HK$18,921 in the first phase, New World announced on Wednesday night
• The 4.8 per cent increase came after flats in phase one sold out in less than two weeks as buyers shrugged off concerns about the slumping economy