NWD

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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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Hong Kong’s homebuyers brave storm signal at city’s first post-rate cut property sales

Hong Kong’s homebuyers defied a No 3 typhoon signal to snap up apartments during two property sales on Friday, entering…

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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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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 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

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

New World Development reports losses as debt ratio worsens amid property slump

New World Development (NWD), controlled by Hong Kong’s third-richest family, reported weaker interim results in its underlying property business, suggesting…

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New Business

Hong Kong developer NWD to launch second State Pavilia offering after weekend sell-out

New World Development (NWD) is launching a second offering of flats at its State Pavilia project in North Point on…

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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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