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Written by: Huang Weilun
2021-07-08 22:49
The last update date: 2021-07-08 22:57
In the Tai Wai Station property project jointly developed by New World and MTR, the Pavilia Village III. Because the concrete of the wall base did not meet the requirements, New World proposed to demolish and rebuild Blocks 1 and 8, affecting 846 households.
Mr. Li (pseudonym), who bought his first property in Hong Kong, was the buyer of Block 1. He bought a two-bedroom unit with a price of 9 million for the first installment of about 900,000. ) Shocked news about the need to demolish and rebuild, and frankly said that such a scandal had never been predicted in the royal estates of New World. I hope that New World will explain the compensation plan to the prospective owners as soon as possible, because it is difficult to decide whether to continue the transaction based on the current information, and I am worried. In the future, the unit will be "price-cut".
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Mr. Li is currently renting a building. Earlier, he bought a two-bedroom unit in Block 1, Pavi Ozhuang III for a first installment of about 900,000 yuan. The value is more than 9 million yuan. This is his first home purchase.
He said that he had confidence in the new world real estate at that time, and believed that Tai Wai was ideal in terms of location and supporting facilities, and could maintain its value, so he decided to buy it.
Hope to lose 20% of the property price
The dream of the owners could have been fulfilled, but today there is a shocking rumour of a construction scandal that needs to be demolished and rebuilt.
Mr. Li said frankly that he was shocked by the news, and he had never expected serious problems in the royal estates in New World.
He said that for the time being, all the news has been learned from the media that the developer has not contacted the buyer, and the compensation plan is only rough. It is difficult to decide how to proceed, whether to continue the transaction or cancel the transaction immediately.
However, he also said that he is not too worried about the safety issue and believes that the quality of the redevelopment will be better, "better than buying things in advance."
↓Boao Zhuang III, Block 1B, 48th Floor, Room A, three-bedroom show flat↓
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Mr. Li said that because he could not move in as scheduled, he needed to discuss the renewal of the lease with the owner. Fortunately, he was not in a hurry to move in.
However, he said frankly that if the transaction continues to be completed, he is worried that the bank will have to pay a more expensive down payment. Moreover, whether it is rented or sold in the future, it may be "squeezed" due to the scandal, "I will be reduced by 20%.
He hopes that New World will hold a meeting with prospective owners as soon as possible to explain the compensation plan. Without detailed information, it is difficult to decide the next step. He believes that the compensation should reach 15% to 20% of the property price.
↓Boao Zhuang III open demonstration unit on the first day to visit the flow of visitors↓
The Consumer Council replied that although the developer has initially stated the compensation arrangements, delays in the delivery will have varying degrees of impact on the owners. It is urged to contact the prospective owners as soon as possible to explain in detail the compensation details and the redevelopment plan, especially the redevelopment schedule. And how to strengthen monitoring measures to ensure that the rebuilt property structure complies with building laws and safety standards, so that prospective owners can weigh the pros and cons and make important decisions to continue or cancel the transaction.
The Consumer Council also reminded consumers to review the relevant clauses in the sale and purchase agreement, and assess whether the compensation arrangement is reasonable. If there are any doubts or disputes, they should raise them as soon as possible; if necessary, they should also seek independent legal advice to protect their own rights and interests.
Boaozhuang III｜The contractor involved is the construction department of New World and is now responsible for the Aerospace City and other projects
Reconstruction of Pavilia Village III｜Xie Weiquan’s surprise: It’s the first time I have met and urged in-depth investigation and explanation
The Pavilia Zhuang III concrete does not meet the standards and needs to be demolished and rebuilt. The Buildings Department is highly concerned about whether the investigation is illegal
Boao Zhuang III | The most classic case of the private building to be demolished and the remedial fee is more expensive than the Tiansongyuan
The Pavilia Village III Redevelopment｜MTR: Highly concerned has asked the developer to thoroughly investigate and follow up
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The Pavilia Village New World MTR Tai Wai