New World submits proposal to demolish and rebuild part of The Pavilia Farm project hit by construction defects

New 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’s housing shortage problems.The company has submitted a proposal to the Buildings Department to demolish and rebuild towers one…

New World submits proposal to demolish and rebuild part of The Pavilia Farm project hit by construction defects
New 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’s housing shortage problems.The company has submitted a proposal to the Buildings Department to demolish and rebuild towers one…