"STATE PAVILIA" is the first Grade I historical theatre building project revitalized by a private developer in Hong Kong. The entire project is divided into residential, retail and Grade A office buildings. The residential part is positioned as luxury homes, with a total of 388 units. Most of the three-bedroom and four-bedroom units have sea views and will be sold by tender. The pricing will refer to the super luxury homes in Hong Kong Island. It is expected that the project will attract luxury home buyers, while the one-bedroom and two-bedroom units will be sought after by investors and small families.
"STATE PAVILIA" has attracted much attention since its launch on the market, supported by the rental needs of professionals and experts working nearby. The average rent per square foot of the nearby semi-new buildings in recent months is about 70 to 75 yuan, and some rents are as high as 100 yuan. It is expected that the project's rent can reach 80 yuan per square foot, and the rental return can reach 5 to 6%. The project is expected to become the first choice for investors to enter the market, and it is expected that users and investors will each account for half. The Royal Plaza is a landmark property in North Point and is attractive to mainland customers.