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19.04.26 - 15:12
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Hong Kong homebuyers extend sell-out streak amid renewed confidence in market (SCMP)
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Hong Kong homebuyers' strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city's broader recovery in housing prices.
All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on Saturday, prompting the developers to put 75 more flats on sale later that night.
Elsewhere in Kai Tak, 133 units of KT Marina II were snapped up over the weekend, according to......
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18.04.26 - 11:42
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Hong Kong buyers snap up more than 180 new homes as market confidence returns (SCMP)
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Homebuyers continued to signal confidence in Hong Kong's residential market on Saturday, with about three quarters of 248 new flats put up for sale snapped up by late afternoon.
A total of 53 out of 88 units were sold at The Pavilia Farm III, while 129 of 160 units at KT Marina II in Kai Tak were taken as of 4.30pm, according to Midland Realty.
The Pavilia Farm III, a project jointly developed by New World Development (NWD) and MTR Corp atop Tai Wai Station in Sha Tin, saw buyers throng the......
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02.04.26 - 13:36
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New World pulls back on Causeway Bay acquisition amid uneven recovery (SCMP)
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Hong Kong's New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market.
The company, which has been selling assets to reduce debt, said it would “exercise prudence as appropriate, having regard to cost and efficiency, as well as overall market supply and demand, with a view to delivering reasonable returns”.
NWD, which reported......
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