{"id":118877,"date":"2020-10-09T18:35:47","date_gmt":"2020-10-09T11:35:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-launches-mega-hong-kong-project-at-lower-than-expected-prices-as-covid-19-recession-weigh-on-market\/"},"modified":"2020-10-09T19:03:19","modified_gmt":"2020-10-09T12:03:19","slug":"new-world-development-launches-mega-hong-kong-project-at-lower-than-expected-prices-as-covid-19-recession-weigh-on-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-launches-mega-hong-kong-project-at-lower-than-expected-prices-as-covid-19-recession-weigh-on-market\/","title":{"rendered":"New World Development launches mega Hong Kong project at lower-than-expected prices, as Covid-19, recession weigh on market"},"content":{"rendered":"


\nHong Kong property company New World Development will offer the first batch of its The Pavilia Farm project in Sha Tin at lower-than-expected prices, as the city\u2019s third coronavirus wave and its worst recession in decades weigh on the property market.The first batch of 180 units measuring 322 sq ft to 835 sq ft will be offered at prices ranging from HK$16,618 (US$2,144) to HK$23,877 per square foot, or HK$6.3 million to HK$19.9 million, each. These flats will be completed in June 2022. Their\u2026
\n
\nSource : South China Morning Post
\nRead more…New World Development launches mega Hong Kong project at lower-than-expected prices, as Covid-19, recession weigh on market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong property company New World Development will offer the first batch of its The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118877","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uVn","jetpack-related-posts":[{"id":27467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-nan-fung-development-prices-island-garden-units-at-market-rate\/","url_meta":{"origin":118877,"position":0},"title":"Hong Kong\u2019s Nan Fung Development prices Island Garden units at market rate","date":"September 27, 2016","format":false,"excerpt":"\r Hong Kong developers are adopting firmer pricing strategies after new project launches have generated overwhelming buyer response, with Nan Fung Development offering units in Shau Kei Wan at a similar price as a nearby project released last month. On Tuesday Nan Fung released prices for the first batch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-chinachem-prices-new-apartments-in-new-territories-at-12-per-cent-below-older-property\/","url_meta":{"origin":118877,"position":1},"title":"Hong Kong developer Chinachem prices new apartments in New Territories at 12 per cent below older property","date":"October 17, 2018","format":false,"excerpt":"\r Hong Kong developer Chinachem Group on Tuesday priced a first batch of units at its Sol City project in the New Territories at up to 12 per cent lower than lived-in homes in the area. The 144 apartments start at HK$13,389 (US$1,708) per square foot. The units, ranging from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjoining-luxury-flats-in-hong-kong-sell-for-a-record-hk104803-per-sq-ft-the-highest-in-asia\/","url_meta":{"origin":118877,"position":2},"title":"Adjoining luxury flats in Hong Kong sell for a record HK$104,803 per sq ft, the highest in Asia","date":"November 8, 2016","format":false,"excerpt":"\r Three days after the Hong Kong government raised the residential stamp duty to 15 per cent to rein in runaway home prices, adjoining luxury flats on The Peak sold for HK$104,803 per square foot, the most expensive for an apartment in Asia in terms of per square foot cost.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/optimistic-ck-assets-new-development-in-lohas-park-is-districts-most-expensive-initial-launch-ever\/","url_meta":{"origin":118877,"position":3},"title":"\u2018Optimistic\u2019 CK Asset\u2019s new development in Lohas Park is district\u2019s most expensive initial launch ever","date":"June 18, 2020","format":false,"excerpt":"\r A new development launched in Lohas Park by Hong Kong Tycoon Li Ka-shing\u2019s CK Asset is the district\u2019s most expensive initial launch ever.The average price at Sea To Sky, the biggest new project in Hong Kong\u2019s largest residential enclave in about two years, will be HK$15,823 (US$2,041) per square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-auction-oddity-37-court-ordered-properties-for-sale-including-a-60-sq-ft-space-with-a-reserve-price-of-us128\/","url_meta":{"origin":118877,"position":4},"title":"Hong Kong auction oddity: 37 court-ordered properties for sale, including a 60 sq ft space with a reserve price of US$128","date":"November 23, 2018","format":false,"excerpt":"\r A 60 square foot industrial space in Fanling will be auctioned off at the ultra-low starting price of HK$1,000, among a batch of 37 industrial properties in adjacent buildings set to go under the hammer as part of a court-ordered sale on Wednesday. The company overseeing the property sale,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-propertys-harbour-glory-project-sets-new-price-record-for-hong-kong-island-east\/","url_meta":{"origin":118877,"position":5},"title":"CK Property\u2019s Harbour Glory project sets new price record for Hong Kong Island East","date":"April 3, 2017","format":false,"excerpt":"\r Cheung Kong Property (Holdings), undeterred by mounting pressure on the government to roll out tougher cooling measures, is to offer its residential project in North Point at a record price for Hong Kong Island\u2019s East district. The developer announced on Monday that the first batch of 76 apartments at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118877"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118877"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}