New World Development

New Business

NWD says it has not received proposal from Cheng family on capital injection

New World Development (NWD) shares dropped on Tuesday after the property developer said it has not received a proposal from…

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New Business

Swire Properties’ new project priced at 11-year low for Hong Kong’s Eastern district

Swire Properties has priced the first 120 units of a new residential project in Chai Wan at an average of…

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Swire Properties set to start selling Hong Kong’s largest residential project in 20 years

Swire Properties, one of Hong Kong’s largest developers, is set to start selling homes in its 850-unit, three-tower project on…

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New Business

Exclusive | NWD, China Resources Land to pay reduced premium for Northern Metropolis project

New World Development (NWD) and mainland developer China Resources Land are finalising discussions with the Hong Kong government on a…

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New Business

Can Hong Kong’s IPO boom plug the hole in the city’s floundering office market?

In the first instalment of our two-part series on Hong Kong’s beleaguered property market, industry players pin their hopes on…

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New Business

New World ramps up luxury home sales in Hong Kong and mainland China

New World Development (NWD) is ramping up the delivery of residential projects in Hong Kong and mainland China after raising…

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New Business

Exclusive | Hong Kong seeks new partner to get 11 Skies back on track amid New World’s debt: sources

Airport Authority Hong Kong is in talks with New World Development (NWD) to get a massive commercial property project at…

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Ex-Hong Kong stock exchange CEO buys luxury Kai Tak flat for US$5.92 million

Francis Yuen Tin-fan, former CEO of Hong Kong’s stock exchange operator, and his wife spent HK$46.5 million (US$5.92 million) on…

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New Business

Morgan Stanley banker buys two Hong Kong luxury flats in Wong Chuk Hang for US$18.8 million

David Wraight, managing director at Morgan Stanley, has bought two luxury residential units in Hong Kong for HK$147.3 million (US$18.8…

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New Business

Hong Kong developer Grand Ming avoids risking default by obtaining waivers from lenders

“The group has successfully obtained waivers from all lenders in respect of the breach,” the company said on Monday. “Accordingly,…

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