New World’s home sale in Tai Wai kicks off with a bang as discounts and location draw buyers to ignore oversupply and recession

Homebuyers packed a salesroom on Saturday to snap up New World Development’s property launch, as generous discounts persuaded them to cast aside signs of an impending property glut and rising joblessness amid Hong Kong’s worst recession.New World sold 79 per cent of the 234 flats offered at The Pavilia Farm project in Tai Wai as of 4pm, according to sales agents who expect the project to sell out by the day’s end. The batch on Saturday was reserved for investors with the budget for at least…

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