NWD tests market with 28 Pavilia Rosa flats for sale amid Hang Seng slump

NWD tests market with 28 Pavilia Rosa flats for sale amid Hang Seng slumpHong Kong developer’s Kowloon Tong project, to be sold on a ‘first come, first served’ basis on Friday, is a test of market sentiment2-MIN READ2-MIN0ListenPublished: 8:07pm, 8 Jun 2026Updated: 8:24pm, 8 Jun 2026Hong Kong developer New World Development (NWD) is making 28 units of its Pavilia Rosa project in Kowloon Tong available to buyers on Friday, a test of sentiment and demand in the city’s residential property market amid a slumping Hang Seng Index.NWD said the flats would be sold via a regular price list on a “first come, first served” basis as the developer announced that the project had so far sold 42 residences worth about HK$2.4 billion (US$306 million) via a tender.The launch on Friday would be the first regular sale in more than two weeks in the city, as Hong Kong’s bellwether stock index has been taking a beating amid the US-Israel war on Iran and fears of an interest rate hike by the US Federal Reserve.Select VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x