{"id":122302,"date":"2021-09-30T18:36:23","date_gmt":"2021-09-30T11:36:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-submits-proposal-to-demolish-and-rebuild-part-of-the-pavilia-farm-project-hit-by-construction-defects\/"},"modified":"2021-09-30T19:27:31","modified_gmt":"2021-09-30T12:27:31","slug":"new-world-submits-proposal-to-demolish-and-rebuild-part-of-the-pavilia-farm-project-hit-by-construction-defects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-submits-proposal-to-demolish-and-rebuild-part-of-the-pavilia-farm-project-hit-by-construction-defects\/","title":{"rendered":"New World submits proposal to demolish and rebuild part of The Pavilia Farm project hit by construction defects"},"content":{"rendered":"


\nNew World Development has submitted a proposal to demolish and rebuild part of The Pavilia Farm project that has been marred by construction defects, a top executive said on Thursday after the developer posted a full-year underlying profit increase of nearly 6 per cent.The Hong Kong-listed developer also said that it was striving to help the government solve the city\u2019s housing shortage problems.The company has submitted a proposal to the Buildings Department to demolish and rebuild towers one\u2026
\n
\nSource : South China Morning Post
\nRead more…New World submits proposal to demolish and rebuild part of The Pavilia Farm project hit by construction defects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development has submitted a proposal to demolish and rebuild part of The Pavilia...<\/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-122302","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-vOC","jetpack-related-posts":[{"id":120744,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pavilia-farm-construction-defects-lead-to-calls-for-investigation-from-lawmaker-to-get-to-the-bottom-of-the-issue\/","url_meta":{"origin":122302,"position":0},"title":"Pavilia Farm construction defects lead to calls for investigation from lawmaker to get to the bottom of the issue","date":"July 8, 2021","format":false,"excerpt":"\r New World Development\u2019s announcement to demolish two of the seven towers at The Pavilia Farm in Tai Wai has shocked Hong Kong, with a lawmaker calling on the government to launch an investigation into the project.The developer, government and contractor must conduct an investigation to find out the cause\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-to-tear-down-and-rebuild-two-blocks-of-the-pavilia-farm-flats-in-tai-wai-citing-construction-defects\/","url_meta":{"origin":122302,"position":1},"title":"New World to tear down and rebuild two blocks of The Pavilia Farm flats in Tai Wai, citing construction defects","date":"July 8, 2021","format":false,"excerpt":"\r The Pavilia Farm, Hong Kong\u2019s bestselling new residential property of 2020, will tear down and rebuild two of the seven tower blocks under construction in Tai Wai because of defects, in an unprecedented setback in the world\u2019s most expensive real estate market.The concrete walls in the podium of blocks\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":122302,"position":2},"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":120734,"url":"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\/","url_meta":{"origin":122302,"position":3},"title":"New World\u2019s compensation to Pavilia flat buyers may slash valuations and cut the bank loans available to mortgage borrowers","date":"July 10, 2021","format":false,"excerpt":"\r New 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\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":122302,"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":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":122302,"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\/122302"}],"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=122302"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}