Hong Kong developer New World plans to launch ‘Front Tower’ office building in Hangzhou

NWD, one of the most indebted developers in Hong Kong, said on Monday that it planned to launch Front Tower, a grade-A office building valued at 1 billion yuan (US$137 million) this year in the capital of eastern Zhejiang province, which is home to a number of tech companies including Alibaba Group Holding, DeepSeek and Unitree Robotics. Alibaba owns the Post.

“Hangzhou is driving high-quality economic development through the rapid growth of emerging industries and innovative technologies,” said New World executive director and CEO Echo Huang Shaomei in a press release. “With its thriving innovation, the city is set to become a leading world-class hub for the artificial intelligence industry.”

Front Tower has a total of 280,000 sq ft, and its floors range in size from 16,000 to 38,000 sq ft. The tower is located in Wangjiang New Town[comma] and the company said it was seeking to cater to growing demand for premium office space.

The tower is part of the New World City Arts Centre, an 8 million sq ft commercial complex that includes grade-A office buildings, a luxury hotel, a shopping centre and residential flats. It is about 2.5km from the West Lake and 1.5km from the Qiantang River, two of the city’s most visited tourist attractions.