2025-06-02 Squarefoot Editor
- Home
- News
- Tips For Transaction
- State Pavilia In North Point Sees First Forfeited Deposit As Buyer Loses Hk$320,000
State Pavilia, a new development by New World Development (0017) in North Point, has recorded its first forfeited deposit case. A buyer purchased a one-bedroom unit for HK$6.439 million during the first round of sales but backed out just five days later, forfeiting over HK$322,000 in deposit.
The unit in question is Flat A7 on the 12th floor, with a saleable area of 359 square feet. It was sold on February 15, 2025, under the 90-day cash payment plan, which included incentives such as a stamp duty rebate and an early-bird discount.
However, the buyer failed to proceed with the transaction after signing the provisional sale and purchase agreement.
Like
| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |