New World Sells 138 Hong Kong Homes at Discount Within Hours

New World Development Co. and its partners sold 138 apartments in a few hours at a new project after pricing the homes at a discount to lure buyers in Hong Kong's sluggish real estate market.
The companies sold the apartments in Deep Water Pavilia in southern Hong Kong Island on Saturday within a few hours, according to New World. The homes were the cheapest of any new residential project in the Southside area. The low price, coupled with declining interest rates, have attracted homebuyers while bringing much-needed cash to the embattled developer.

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