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14.06.25 - 09:42
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Homebuyers snap up Deep Water Pavilia flats amid discounts, low interest rates (SCMP)
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The first batch of flats on offer at the Deep Water Pavilia project on the south side of Hong Kong island is expected to sell out, according to property agents, as homebuyers rushed to snap up available units this weekend on the back of discounted pricing and low interest rates.
As of 1pm on Saturday, 75 of the 138 flats on offer at the New World Development (NWD)-led luxury residential project in Wong Chuk Hang were snapped up, about four hours after sales started, property agents said.
All the......
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13.06.25 - 10:30
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NWD's HKD87.5B Refinancing Terms Require 100% Bank Support (AAStocks)
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NEW WORLD DEV (00017.HK) is seeking HKD87.5 billion refinancing loans from banks, 87% of which has already received written commitments from banks, Bloomberg reported, citing sources. It is understood that, however, there is a clause indicating that the company must obtain 100% commitment, otherwise the transaction will be cance......
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12.06.25 - 04:30
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HK Home: Deep Water Pavilia in Wong Chuk Hang Sells 9 Luxury Homes for $330M+, Receives 3,500+ Cheques w/ 24x+ Oversubscription (AAStocks)
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Deep Water Pavilia in Wong Chuk Hang, co-developed by NEW WORLD DEV (00017.HK), Emperor Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR CORPORATION (00066.HK), continued to close the tender process. Yesterday (11th), nine large transactions were recorded, including three four-bedroom double suites and six three......
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11.06.25 - 13:48
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Debt crunch at NWD stokes downside risk in Hong Kong home prices, S&P says (SCMP)
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The liquidity crunch at New World Development (NWD), one of Hong Kong's biggest developers, is a blemish on the resurgent housing market, threatening to shake confidence among homebuyers and trigger a “downside scenario” in home prices, according to S&P Global Ratings.
The developer deferred coupon payments on four series of perpetual bonds after months of speculation about its finances, sending a poor signal to creditors about its default risk. It surprised investors last month by not redeeming......
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11.06.25 - 12:15
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HK Home: S&P Warns NWD Crisis May Weigh on HK Property Mkt (AAStocks)
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Rating agency S&P has released a report indicating that NEW WORLD DEV (00017.HK)'s deferred distribution may pose a risk to Hong Kong's already oversupplied real estate market, which could trigger a chain reaction reducing buyers' confidence and delaying their entry into the market.Specifically, buyers may postpo......
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11.06.25 - 05:00
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HK Home: Deep Water Pavilia in Wong Chuk Hang Collects ~3,000 Cheques, Oversubscribed by ~21x (AAStocks)
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Deep Water Pavilia in Wong Chuk Hang, co-developed by NEW WORLD DEV (00017.HK), Emperor Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR CORPORATION (00066.HK), has cumulatively collected about 3,000 cheques as of 7PM yesterday (10th). According to the first round of sale of 138 units on Saturday, the project wa......
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10.06.25 - 12:54
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First flats in NWD-led Deep Water Pavilia go on sale on Saturday (SCMP)
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A consortium led by New World Development (NWD) on Saturday will sell the first batch of flats in a new residential project on the south side of Hong Kong Island after pricing them below neighbouring developments.
The announcement comes as property consultancy Knight Frank expects home prices in the city to remain under pressure as developers continue to offer hefty discounts to reduce their inventories amid ample supply.
NWD said on Tuesday that 138 flats in the 447-unit Deep Water Pavilia......
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10.06.25 - 04:00
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HK Home: Deep Water Pavilia in Wong Chuk Hang Receives ~2,500 Cheques; 6 Luxury Homes Sold for HKD235M+ Yesterday (AAStocks)
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Deep Water Pavilia in Wong Chuk Hang, co-developed by NEW WORLD DEV (00017.HK), Emperor Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR CORPORATION (00066.HK), closed the tender on the seventh day yesterday (9th), and six bulk transactions were recorded, generating over HKD235 million in a single day. To date, ......
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05.06.25 - 12:48
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NWD and partners set record-low price for Southside Hong Kong flats (SCMP)
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A consortium of builders led by New World Development (NWD) priced a new residential project on the south side of Hong Kong Island below all neighbouring developments, as the embattled company seeks to whittle down HK$124 billion (US$15.8 billion) in debt.
The developers priced 101 flats in the 447-unit Deep Water Pavilia project in Wong Chuk Hang at HK$20,932 per square foot. That was about 3 per cent lower than the first price list of CK Asset Holdings' nearby Blue Coast II in October, and it......
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