New World Sells All Flats on Offer at Rebuilt Luxury Project

New World Development Co. sold out all the flats in the first phase of its Pavilia Farm III residential project in Hong Kong, according to the developer.

The real estate company offloaded 88 flats for a total of HK$950 million ($121 million), according to a statement from New World. The sales started Saturday morning, and the units were all snatched up within the day, the company said.