New World Development

New Business

Hong Kong landlords should brace for slashed retail rents in 2025: S&P Global

Retail rents in Hong Kong were expected to be hard-hit this year, as landlords were likely to slash prices to…

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New Business

Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns

Hong Kong banks were likely to be more selective in extending credit to developers amid a prolonged property slump that…

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New Business

Henderson offers 63 flats in Eight Southpark at discount amid warming Hong Kong market

Hong Kong’s property developers are putting more new projects on the market at discounted prices, as they take advantage of…

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New Business

Hong Kong homebuyers flock to NWD’s State Pavilia project amid ‘attractive’ pricing

The latest residential project of New World Development (NWD) received a warm reception on Saturday, as Hong Kong homebuyers snapped…

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New Business

HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales

Hong Kong’s largest banks are likely to offer new mortgages to ease the burden on homebuyers amid elevated interest rates,…

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New Business

Hong Kong’s NWD raises prices for State Pavilia flat sale amid ‘enthusiastic’ interest

New World Development (NWD) raised prices for a new batch of units in a sought-after residential project on Hong Kong…

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New Business

Hong Kong’s NWD puts another 55 units at State Pavilia up for sale at a low price

NWD released the second batch of flats at its State Pavilia development in North Point on Sunday after more than…

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New Business

Hong Kong developer’s default could send shock waves through property market: S&P

The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a…

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New Business

K11’s Adrian Cheng resurfaces in French cultural exchange with President Emmanuel Macron

Adrian Cheng Chi-kong, the founder of the K11 Art Foundation (KAF) and former CEO of New World Development (NWD), recently…

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New Business

Hong Kong’s CTF Services to issue US$100 million in convertible bonds

CTF Services, the infrastructure development arm under Chow Tai Fook Enterprises (CTFE), owned by one of Hong Kong’s richest families,…

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