New World Development

New Business

New World secures US$11.3 billion refinancing just before deadline, averts loan default

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline,…

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New Business

Hong Kong developer NWD meets 2025 sales target and wins commitment to refinancing

Hong Kong developer New World Development (NWD) secured some much-needed financial relief by hitting a 2025 property sales target of…

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New Business

Homebuyers snap up Deep Water Pavilia flats on the back of discounts, low interest rates

The first batch of flats on offer at the Deep Water Pavilia project on the south side of Hong Kong…

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New Business

Debt crunch at New World stokes risk of ‘downside scenario’ in Hong Kong home prices: S&P

The liquidity crunch at New World Development (NWD), one of Hong Kong’s biggest developers, is a blemish on the resurgent…

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New Business

First batch of flats in NWD-led Deep Water Pavilia goes on sale on Saturday

A consortium led by New World Development (NWD) on Saturday will sell the first batch of flats in a new…

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New Business

New World Development and partners set record-low price for Southside Hong Kong flats

A consortium of builders led by New World Development (NWD) priced a new residential project on the south side of…

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New Business

Cifi creditors approve US$7.9 billion offshore debt restructuring plan

Distressed Chinese developer Cifi Holdings won backing from a majority of creditors for a US$7.9 billion offshore debt revamp, a…

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New Business

New World-led Deep Water Pavilia makes strong start, sells 17 flats for over HK$1 billion

The developers of a luxury residential project in Hong Kong’s Southern district pulled in more than HK$1 billion (US$128 million)…

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New Business

Hong Kong’s first-quarter home purchase forfeitures drop in boost for market sentiment

Wavering sentiment in Hong Kong’s residential property market appears to have stabilised, as prices have declined far enough to persuade…

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New Business

Adrian Cheng invests in medical equipment firm in first bet after exit as New World CEO

Adrian Cheng Chi-kong, the former CEO of New World Development (NWD), bought HK$20 million (US$2.57 million) worth of convertible bonds…

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