New World Development

New Business

Morgan Stanley lifts Hong Kong property to ‘attractive’, with rebound to extend into 2027

Morgan Stanley upgraded Hong Kong’s property sector to “attractive”, noting that an all-round improvement in the city’s economy and a…

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New Business

Hong Kong developers test demand for ultra-luxury homes with new launch on The Peak

Hong Kong property developers are bringing new trophy homes to market, as Wharf Holdings kicked off a tender on Friday…

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New Business

Rosewood presses ahead with global expansion after sources say hotel brand is not for sale

Rosewood Hotel Group said on Friday it was pushing ahead with its global expansion, announcing new openings including its first…

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New Business

Hong Kong logistics group’s CEO buys US$17 million home as wealthy accumulate assets

A top executive of a multinational logistics group has bought a luxury flat in Hong Kong’s Mid-Levels West for HK$132…

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New Business

Hong Kong developers lead evolution of Shanghai’s retail scene with new malls, concepts

Shanghai’s luxury retail market is set to become increasingly competitive, fuelled by a citywide shift as prime malls embrace experiential…

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New Business

Exclusive | Rosewood hotel brand of Hong Kong’s Chow Tai Fook is not for sale, sources say

Hong Kong-based Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm…

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New Business

Chow Tai Fook sells Australian energy assets to Singapore group for US$4.3 billion

Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian…

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New Business

Hong Kong scion Adrian Cheng signs Dubai retail partnership with group headed by royal

Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), has partnered with a Dubai…

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New Business

Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Hong Kong’s property deals slipped slightly in November after two months of gains, government data showed, with analysts warning of…

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New Business

Hong Kong property viewing dips following deadly fire as city pauses to mourn

Hong Kong’s worst residential fire in history has cast a shadow over property sentiment, but the overall impact on the…

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