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The Pavilia Bay To Launch 203 Flats with Higher Prices
New World Development launched another 203 flats at its joint project with Vanke Property in Tsuen Wan West, The Pavilia Bay. Sizes of the units range from 306 to 1,366 saleable square feet, with listed prices between HK$5.17 million and HK$33.66 million. The average discounted price per square foot is HK$15,066. The developer said there was an overall hike of 3 to 5 percent compared to the first price list released last Friday for 197 units.

Grand YOHO To Offer 55 More Flats Today
Grand YOHO Phase 2 is offering 55 more units for sale today, which have received over 400 subscriptions so far. The second batch of units size from 524 to 1,688 square feet, with discounted prices range from HK$5.993 million to HK$31.609 million. The highest discount will be 19.5%, same as that for the first batch of units.

Cheung Kong: Difficult to Invest Locally Due to High Land Price
Cheung Kong Property is partnering with two other Li Ka-shing-controlled firms to acquire for A$7.4 billion (HK$42.87 billion) Duet Group, an Australian-listed group which owns energy utility assets in that country and in the United States. The company said due to the very high land price, it is very difficult for the company to look for new investment in local property market with reasonable pay back.

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