Saturday, December 14, 2019
Martin Hennecke

NWD surpasses sales targets
New World Development Company (0017) said it has surpassed its property sales targets in Hong Kong of HK$10 billion and mainland China of 16 billion yuan (HK$17.78 billion) for the year ended June 30. The developer's attributable contracted sales in Hong Kong amounted to about HK$10.5 billion, derived mainly from Mount Pavilia in Sai Kung, Fleur Pavilia in North Point, Artisan Garden in Ma Tau Kok, Timber House in Ho Man Tin, and Atrium House in Yuen Long. Among these, Artisan Garden And Timber House, launched in the first half of 2019, have already sold out, it said. Overall contracted sales in mainland China amounted to 19.8 billion yuan, with key projects in Guangzhou and Shenzhen in the Greater Bay Area accounting for more than half of the sales contribution. It also said that the MTR Tai Wai Station residential project, with more than 3,000 units, and Shenzhen Prince Bay project, with an area of about 110,000 square meters, will be launched in phases Meanwhile, Billion Development and Project Management revised its second price list of the Aurora in Tsuen Wan yesterday, cutting prices of three apartments, sized between 284 sq ft and 859 sq ft, by 0.5-3.4 percent and raising prices of 16 flats, sized between 217 sq ft and 690 sq ft, by about 1 percent.
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