---
title: "In \"New Listings,\" Midland's Bu Shaoming: The pricing of the price list for The Pavilia Farm III is competitive, expecting the proportion of investors to reach 50%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282159364.md"
description: "New World Development and MTR Corporation's Tai Wai Park Avenue III announced an updated price list today, involving 50 units, with an entry fee starting at approximately HKD 7.458 million. Midland Property Senior Director, Bu Shaoming, stated that the project's pricing is attractive and is expected to attract various buyers, with the proportion of investors potentially reaching 50%. The project has complete living facilities, and the rental yield is expected to exceed 4%, attracting long-term rental tenants"
datetime: "2026-04-09T08:23:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282159364.md)
  - [en](https://longbridge.com/en/news/282159364.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282159364.md)
---

# In "New Listings," Midland's Bu Shaoming: The pricing of the price list for The Pavilia Farm III is competitive, expecting the proportion of investors to reach 50%

The Dawan Park Aoyuan III, developed in collaboration by New World Development (00017.HK) and MTR Corporation (00066.HK), announced its first updated price list today (9th), involving 50 units, with a net entry fee starting at approximately HKD 7.458 million. Midland Realty Senior Director Bu Shaoming stated that the project's pricing is highly attractive, offering discounts compared to the second-hand transaction prices of Phase I and II, and it is expected to be favored by various buyers.

Bu Shaoming pointed out that Aoyuan's living facilities are well-equipped, with individual units in the second-hand market achieving transaction prices of HKD 26,000 to HKD 27,000 per square foot, which is lower than the current asking price. Additionally, the leasing performance of Phase I and II is currently very strong, as many units in Phase III boast open garden views, and it is expected that after completion, the rental price could reach HKD 70 or more per square foot, with rental yields likely exceeding 4%. Given the favorable return prospects, it is believed that a large number of long-term rental tenants will be attracted, with the proportion of investors expected to reach as high as 50%

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