New World Development

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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New Business

China property flare-ups resurface as crisis enters fifth year

One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking…

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New Business

New World to keep focus on corporate strategy as stock slumps amid debt troubles

New World Development (NWD) said it will continue to focus on implementing its existing corporate strategy amid concerns about its…

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New Business

Mystery big spender snaps up 26 Hong Kong flats for HK$150 million in 1-day shopping spree

A mystery buyer splurged HK$150 million (US$19.3 million) to snap up 26 new flats in Hong Kong’s Kai Tak district…

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New Business

Hong Kong stocks fall from 3-week high as China-US tensions suppress risk appetite

Hong Kong stocks retreated from a three-week high as heightened geopolitical tensions dented investors’ risk appetite. The Hang Seng Index…

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