{"id":120740,"date":"2021-07-09T17:33:46","date_gmt":"2021-07-09T10:33:46","guid":{"rendered":"http:\/\/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\/"},"modified":"2021-07-18T17:04:34","modified_gmt":"2021-07-18T10:04:34","slug":"pavilia-farm-setback-to-cost-new-world-development-up-to-us154-4-million-in-rebuilding-compensation-to-affected-buyers","status":"publish","type":"post","link":"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\/","title":{"rendered":"Pavilia Farm setback to cost New World Development up to US$154.4 million in rebuilding, compensation to affected buyers"},"content":{"rendered":"


\nNew 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 cost of tearing down the two towers, rebuilding them and compensating the affected buyers at between HK$1 billion and HK$1.2 billion, according to reports to clients.While CGS-CIMB\u2026
\n
\nSource : South China Morning Post
\nRead more…Pavilia Farm setback to cost New World Development up to US4.4 million in rebuilding, compensation to affected buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development could end up spending up to HK$1.2 billion (US$154.5 million), or about...<\/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-120740","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-vpq","jetpack-related-posts":[{"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":120740,"position":0},"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":154644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/well-heeled-buyers-swarm-to-new-world-led-deep-water-pavilia-luxury-project\/","url_meta":{"origin":120740,"position":1},"title":"Well-heeled buyers swarm to New World-led Deep Water Pavilia luxury project","date":"May 27, 2025","format":false,"excerpt":"\r The developers of a luxury residential project in Hong Kong\u2019s Southern district pulled in more than HK$1 billion (US$128 million) from the sale of 17 units, as wealthy buyers took advantage of a market downturn to acquire prized assets. The flats at 447-unit Deep Water Pavilia in Wong Chuk\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":120740,"position":2},"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":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":120740,"position":3},"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":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":120740,"position":4},"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":[]},{"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":120740,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120740"}],"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=120740"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}