Wong Chuk Hang

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

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

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

CK Asset raises prices for Blue Coast II flats amid Hong Kong market optimism

CK Asset Holdings has slightly raised the prices of flats on the south of Hong Kong Island amid improving sentiment…

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New Business

New World loses more market value as developer strives to contain debt crisis

New World Development (NWD) can’t seem to catch a break. Two rounds of top management shake-up to tackle its debt…

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New Business

New World faces risk of mounting losses amid Hong Kong property slump

Echo Huang Shaomei, the newly appointed CEO of heavily indebted New World Development (NWD), is facing a host of formidable…

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New Business

Hong Kong’s 2024 property slump feels like it’s 1997 all over again – or is it?

That was just the start. CK Asset, known as Cheung Kong Property Holdings until it was renamed, would later send…

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