{"id":120726,"date":"2021-07-12T16:42:15","date_gmt":"2021-07-12T09:42:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-makes-biggest-stock-buyback-since-december-to-boost-share-price-as-financial-toll-from-the-pavilia-farm-demolition-rises\/"},"modified":"2021-07-18T17:04:28","modified_gmt":"2021-07-18T10:04:28","slug":"new-world-makes-biggest-stock-buyback-since-december-to-boost-share-price-as-financial-toll-from-the-pavilia-farm-demolition-rises","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-makes-biggest-stock-buyback-since-december-to-boost-share-price-as-financial-toll-from-the-pavilia-farm-demolition-rises\/","title":{"rendered":"New World makes biggest stock buyback since December to boost share price as financial toll from The Pavilia Farm demolition rises"},"content":{"rendered":"


\nNew World Development made its biggest share buy-back in nearly seven months last week, as it sought to put a floor under its share price the day after announcing the unprecedented demolition of two apartment blocks still under construction to fix defects.The developer repurchased 3 million of its own shares at between HK$37.10 and HK$37.65 each for HK$112.04 million (US$14.43 million) in total on Friday, according to a filing to the Hong Kong stock exchange. The stock plunged by as much as 5.7\u2026
\n
\nSource : South China Morning Post
\nRead more…New World makes biggest stock buyback since December to boost share price as financial toll from The Pavilia Farm demolition rises<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development made its biggest share buy-back in nearly seven months last week, as...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120726","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vpc","jetpack-related-posts":[{"id":120730,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-carried-on-selling-flats-at-the-pavilia-farm-iii-after-concrete-defects-were-found-as-engineers-didnt-deem-them-serious\/","url_meta":{"origin":120726,"position":0},"title":"New World carried on selling flats at The Pavilia Farm III after concrete defects were found, as engineers didn\u2019t deem them serious","date":"July 11, 2021","format":false,"excerpt":"\r New World Development kept selling flats at The Pavilia Farm III \u2013 including two tower blocks earmarked this week for demolition \u2013 on June 20 and 27, days after defects were found, because engineers did not consider them serious enough to warrant drastic action.The sale on June 20 was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-pavilia-farm-project-sees-its-first-cancellations-with-deals-for-three-flats-terminated\/","url_meta":{"origin":120726,"position":1},"title":"New World\u2019s Pavilia Farm project sees its first cancellations with deals for three flats terminated","date":"August 16, 2021","format":false,"excerpt":"\r New World Development\u2019s The Pavilia Farm III project, where two blocks are earmarked for demolition, has seen its first cancellations.Deals for three flats in the affected blocks of Hong Kong\u2019s bestselling new residential project last year were terminated despite adequate compensation offered by the developer. Some market observers fear\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119047,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-raises-prices-of-new-flats-at-pavilia-farm-project-in-tai-wai-after-first-phase-units-sold-like-hot-cakes\/","url_meta":{"origin":120726,"position":2},"title":"New World raises prices of new flats at Pavilia Farm project in Tai Wai after first phase units sold like hot cakes","date":"October 28, 2020","format":false,"excerpt":"\r New World Development priced the second phase of its newest residential project on top of Tai Wai Station in the New Territories 4.8 per cent higher than the first, which sold out in well under two weeks.The first batch of 337 flats at The Pavilia Farm, measuring 264 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pavilia-farm-setback-to-cost-new-world-development-up-to-us154-4-million-in-rebuilding-compensation-to-affected-buyers\/","url_meta":{"origin":120726,"position":3},"title":"Pavilia Farm setback to cost New World Development up to US$154.4 million in rebuilding, compensation to affected buyers","date":"July 9, 2021","format":false,"excerpt":"\r New World Development could end up spending up to HK$1.2 billion (US$154.5 million), or about 15 per cent of its expected profit for coming year, to fix the problems at The Pavilia Farm, Hong Kong\u2019s bestselling new residential property last year.Analysts from CGS-CIMB Securities and Singapore\u2019s UOB estimated the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120736,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-new-worlds-damage-control-measures-in-the-wake-of-the-pavilia-farm-debacle-enough-experts-weigh-in-on-the-issue\/","url_meta":{"origin":120726,"position":4},"title":"Are New World\u2019s damage-control measures in the wake of The Pavilia Farm debacle enough? Experts weigh in on the issue","date":"July 10, 2021","format":false,"excerpt":"\r New World Development\u2019s decision to tear down and rebuild two of the seven blocks at The Pavilia Farm residential project in Tai Wai has shocked Hong Kong, wiping out more than HK$6.6 billion (US$850 million) in market value in just two days.The market is closely watching how CEO and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-new-world-developments-pavilia-farm-a-bright-spot-in-otherwise-dismal-year-for-real-estate-sector\/","url_meta":{"origin":120726,"position":5},"title":"Hong Kong-listed New World Development\u2019s Pavilia Farm a bright spot in otherwise dismal year for real estate sector","date":"December 20, 2020","format":false,"excerpt":"\r Hong Kong property company New World Development\u2019s (NWD) Pavilia Farm project has been a bright spot in an otherwise dismal year for the city\u2019s real estate sector.The project, developed in partnership with transit operator and property developer MTR Corporation, has sold about 2,100 units in around six weekends for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120726"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=120726"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}