July 09, 2021
Two partially built towers of The Pavilia Farm III will be demolished and rebuilt.
South China Morning Post
An unprecedented blunder at housing development The Pavilia Farm, which will be partially demolished, has set alarm bells ringing across Hong Kong s construction sector over inadequacies in site supervision and project management, according to industry observers.
Shock waves rumbled through the world s most expensive real estate market on Thursday (July 8) after it was revealed the developer of The Pavilia Farm, Hong Kong s bestselling new residential property last year, would tear down and rebuild two out of seven blocks under construction because substandard concrete was used.
Hong Kong property tycoons on Friday joined forces to hold a grand lottery, dangling a top prize of HK$10.8 million (S$1.8 million) in the world’s costliest housing market as an incentive for hesitant residents to get vaccinated against Covid-19. A lack of trust in the government and concerns over rare side effects have led to a sluggish vaccination roll-out in.
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Tall order for Paul Chan’s budget: help Hong Kong’s needy, save stricken businesses, revive economy amid Covid-19 pandemic Denise Tsang and Cannix Yau denise.tsang@scmp.com, cannix.yau@scmp.com Hong Kong finance chief Paul Chan has already dropped hints that his hands will be tied by the city’s record budget deficit and shrinking reserves. Illustration: Ka-kuen Lau
In his 70 sq ft cubicle in Cheung Sha Wan, renovation worker Xu Guiquan, 62, struggles with feelings of desperation as he has been mostly out of work since the Covid-19 pandemic hit Hong Kong early last year.