"Port Tower" North Point Royal Plaza 37 units remaining will increase prices by 3% to 5% New World will launch a new project in West Kowloon next month

New World Development (00017.HK) has sold a total of 351 units at the North Point Royal Plaza, accounting for over 90% of the saleable units, cashing out over HKD 3.9 billion. He Ka Yan, Director of Operations and Marketing at New World Development, stated that last Friday (24th), a large buyer made additional purchases, spending over HKD 33 million to acquire four units for investment. She revealed that there are 37 units remaining for sale at Royal Plaza, consisting of 31 one-bedroom units and 6 two-bedroom units, with the remaining inventory expected to increase in price by 3% to 5% in the short term.

He Ka Yan continued to indicate that Royal Plaza will feature a podium shopping mall with a total floor area of approximately 85,000 square feet, spanning 4 floors, with about 40 to 50 retail spaces currently being leased, and the tenant mix is expected to be primarily focused on dining.

Additionally, New World is deploying a new residential project under the "BOHEMIAN COLLECTION" series, located near the West Kowloon High-Speed Rail Station, targeting small to medium-sized units, but without open-plan layouts. The preparatory work is currently in the final stages, with the project expected to launch as early as next month. He Ka Yan mentioned that due to the project's proximity to the high-speed rail station, rental demand is expected to be significant, likely attracting investors to make purchases