On July 2nd, New World Dev (00017) and Far East Consortium Intl (00035) announced the latest sales deployment of their residential project, The Pavilia Bay I, located in the Qide Chengjing Street area. The project will be priced as early as this week. Today, the project officially opened two show units of decorated two-bedroom units to the public, marking the entrance of this much-anticipated mansion project into the public view.

It is understood that The Pavilia Bay is developed in three phases, providing a total of 1,305 units. The first phase, The Pavilia Bay I, which has already uploaded the sales brochure, provides 291 units and covers 1-3 room types. The standard unit's useable area ranges from 272 to 560 square feet. It is worth noting that The Pavilia Bay I, whether for 1, 2 or 3-bedroom units, has the smallest entrance area among the same type of units in the same district, making it quite competitive in the market.

He Jiaxin, general manager of New World business and marketing (special projects), said that since The Pavilia Bay I uploaded the sales brochure and announced the unit intervals last Thursday, the market and real estate agents have had a strong interest. They indicated that The Pavilia Bay I has superior location, located at the forefront of the runway residential area, with the sea on three sides. The project also includes more than 10 New World Development patents or registered craftsmanship designs.

In addition, with the successful installation of the exterior wall panels of the main venue of the Qide Sports Park, this much-anticipated landmark building has officially entered the tail end of construction. New World Development, as the key promoter of this project, is not only responsible for the leasing agency and future operation of the sports park but also carefully planned and launched the 'Qide Retail Hall,' a comprehensive commercial complex combining shopping, leisure, and entertainment. It is expected to hold its grand opening in 2025.

The Qide Retail Hall will gather more than 200 stores and become a new consumption hotspot in East Kowloon and even in Hong Kong. The Hall covers various fields such as fashion, trendy sports, leisure and entertainment, and exquisite dining. At present, the rental rate of the stores has reached nearly 70%, demonstrating a strong market appeal and brand appeal. There are three major highlights, including top sports academies, innovative sports experiences, and a 'food bay' consisting of more than 70 popular restaurants in East Kowloon.

With its professional team, rigorous management, and efficient execution capabilities, New World Development has ensured the smooth progress of various projects. In the future, as the Qide development zone continues to mature and improve, New World Development will continue to leverage its unique advantages to build a modern urban complex that integrates diverse functions, bringing more surprises and changes to this land and jointly writing a new chapter in the development of Hong Kong's urban area.