{"id":120734,"date":"2021-07-10T10:30:14","date_gmt":"2021-07-10T03:30:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-compensation-to-pavilia-flat-buyers-may-slash-valuations-and-cut-the-bank-loans-available-to-mortgage-borrowers\/"},"modified":"2021-07-18T17:04:32","modified_gmt":"2021-07-18T10:04:32","slug":"new-worlds-compensation-to-pavilia-flat-buyers-may-slash-valuations-and-cut-the-bank-loans-available-to-mortgage-borrowers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-compensation-to-pavilia-flat-buyers-may-slash-valuations-and-cut-the-bank-loans-available-to-mortgage-borrowers\/","title":{"rendered":"New World\u2019s compensation to Pavilia flat buyers may slash valuations and cut the bank loans available to mortgage borrowers"},"content":{"rendered":"


\nNew World Development\u2019s decision this week to compensate owners of the flats it plans to demolish at The Pavilia Farm apartment complex could slash the valuation of the property and reduce the amount of bank loans available to mortgage borrowers.Slightly more than half of the customers who bought the 852 apartments at The Pavilia Farm III chose a so-called cash payment method, in which the purchase is fully settled within 180 days of the contract. The remaining 417 buyers, making up 48.9 per\u2026
\n
\nSource : South China Morning Post
\nRead more…New World\u2019s compensation to Pavilia flat buyers may slash valuations and cut the bank loans available to mortgage borrowers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development\u2019s decision this week to compensate owners of the flats it plans to...<\/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-120734","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-vpk","jetpack-related-posts":[{"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":120734,"position":0},"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":119245,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-the-pavilia-farm-project-sells-out-in-tai-wai-for-the-fourth-straight-weekend-as-hong-kongs-home-buyers-return-for-fear-of-missing-out\/","url_meta":{"origin":120734,"position":1},"title":"New World\u2019s The Pavilia Farm project sells out in Tai Wai for the fourth straight weekend as Hong Kong\u2019s home buyers return for fear of missing out","date":"November 14, 2020","format":false,"excerpt":"\r New World Development reported a fourth sell-out weekend at its latest real estate project in Hong Kong, selling all 343 flats at The Pavilia Farm in Tai Wai in nine hours, as home buyers who missed out on earlier launches packed the developer\u2019s sales room.Every flat was sold as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119013,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-market-gets-second-rousing-weekend-as-buyers-grab-all-units-at-new-worlds-pavilia-farm-in-tai-wai\/","url_meta":{"origin":120734,"position":2},"title":"Hong Kong property market gets second rousing weekend as buyers grab all units at New World\u2019s Pavilia Farm in Tai Wai","date":"October 25, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property market has witnessed another robust weekend as buyers grabbed all units on offer at a New World Development project, as the government signalled the city\u2019s recession is abating.Homebuyers bought all 181 units on offer at The Pavilia Farm development in Tai Wai at 5.35pm local time\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-far-east-slash-prices-at-pavilia-forest-i-flats-to-the-lowest-in-nearly-8-years\/","url_meta":{"origin":120734,"position":3},"title":"New World, Far East slash prices at Pavilia Forest I flats to the lowest in nearly 8 years","date":"July 4, 2024","format":false,"excerpt":"\r Hong Kong\u2019s recent property launches have been discounted by as much as 10 per cent, compared with similar projects in 2015, according to data tracked by JLL.\r \r Source : South China Morning Post\r Read more...New World, Far East slash prices at Pavilia Forest I flats to the lowest\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":120734,"position":4},"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":121090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-put-their-faith-in-technology-to-cut-human-error-after-new-worlds-pavilia-farm-fiasco\/","url_meta":{"origin":120734,"position":5},"title":"Hong Kong developers put their faith in technology to cut human error after New World\u2019s Pavilia Farm fiasco","date":"July 27, 2021","format":false,"excerpt":"\r Major Hong Kong developers plan to replace some manual operations with technology in a bid to eliminate human error and ensure safety and build quality in the wake of the construction fiasco at a major residential project rocked the world\u2019s most expensive property market.Sun Hung Kai Properties (SHKP), the\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\/120734"}],"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=120734"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}