Hong Kong Residential Buildings Under Construction to be Demolished, Rebuilt
Structural defects have prompted the demolition of two residential towers under construction in Hong Kong.
New World Development Company will demolish two buildings in the Pavilia Farm complex. Tower 1 and 8 at Pavilia Farm III will then be rebuilt. Testing revealed that the strength in concrete sections of the wall base beneath Tower 1 and Tower 8 did not meet the requirements of the approved design.
The reconstruction is expected to delay move-ins by nine months and will affect 846 buyers. The company plans to pay each buyer the equivalent of about US$150,000 for units worth around US$19 million.
New World is partnered on the project with subway operator MTR Corporation.
For more on this story, go to New World Development Company Limited and PropModo.
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