Pavilia Farm sees $4.2m forfeitures
Homebuyers forfeited deposits of about HK$4.23
million in total after walking out of the purchase of seven units at The
Pavilia Farm on top of Tai Wai Station.
These flats are offered at between HK$7.45 million and HK$19.57 million.
New World Development (0017) has collected about
HK$8.4 billion after selling all 767 units on offer at phase one,
bringing the group's total contracted sales in Hong Kong to almost HK$10
billion, said the executive vice-chairman and chief executive Adrian
Cheng Chi-kong. The group has accomplished nearly half of its HK$20
billion sales target for the 2021 fiscal year, he added.
The first phase of the project received more than 22,700 registrations of interest - the largest number since 1997.
Meanwhile, the number of Hong Kong property
transactions fell 6 percent month-on-month to 6,189 in October, data
from the Land Registry showed.
The total consideration of property sale and
purchase agreements rose 10.9 percent month-on-month to HK$56.9 billion.
For residential building units, the number of transactions declined by
1.5 percent month-on-month to 4,951 last month, with the consideration
up by 15.3 percent to HK$50.1 billion.
In the primary market, Hong Kong Ferry (0050) and Empire Group intends to launch the sale of Starfront Royale in Tuen Mun over the weekend.
In the secondary market, a 461-sq-ft flat at
Kornhill in Quarry Bay changed hands for HK$8.35 million, or HK$18,113
per sq ft, after HK$250,000 was cut from the original asking price.
Former Deputy Commissioner for Transport Dorothy
Chan Yuen Tak-fai sold a 1,818-sq-ft unit at Goodview Garden in
Mid-Levels East for HK$121 million, or HK$66,557 per sq ft.