NWD tests market with 28 Pavilia Rosa flats for sale amid Hang Seng slump

Hong Kong developer New World Development (NWD) is making 28 units of its Pavilia Rosa project in Kowloon Tong available to buyers on Friday, a test of sentiment and demand in the city’s residential property market amid a slumping Hang Seng Index. NWD said the flats would be sold via a regular price list on a “first come, first served” basis as the developer announced that the project had so far sold 42 residences worth about HK$2.4 billion (US$127.6 million) via a tender. The launch on Frida...

By Cheryl Arcibal