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14.09.26 - 11:54
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Forms Syntron draws Hong Kong′s next-gen tycoons in HK$940 million IPO (SCMP)
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Hong Kong's younger generation of tycoons is becoming increasingly active in the city's initial public offering market through family offices and private investments. But their investments extend beyond the property and traditional financial sectors associated with their predecessors, into technology and digital finance.
Prominent business leaders Cheng Chi-heng of New World Development and Peter Lee Ka-kit of Henderson Land participated as cornerstone investors in Shenzhen Forms Syntron......
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01.09.26 - 08:45
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K11 MUSEA 1H26 Turnover Rises Approx. 40% YoY (AAStocks)
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NEW WORLD DEV (00017.HK) said that K11 MUSEA, its international cultural retail landmark in Tsim Sha Tsui, will complete the first phase of its brand upgrade plan by the end of 2026. As multiple international brands continue to open stores or expand their presence, high-end sales growth has become increasingly significant.K11 MU......
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27.07.26 - 08:00
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Hong Kong home sales recovery expected to boost developers′ earnings (SCMP)
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Hong Kong property developers are expected to report stronger first-half earnings in the coming weeks, buoyed by a rebound in home sales and improving development margins, as investors look for clues on whether the sector's recovery is sustainable.
Bank of America Global Research expected Hong Kong developers and conglomerates to post average core net profit growth of 8 per cent year on year, excluding New World Development, according to a report published on July 15.
“We expect the Hong Kong......
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08.06.26 - 14:12
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NWD tests market with 28 Pavilia Rosa flats for sale amid Hang Seng slump (SCMP)
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Hong Kong developer New World Development (NWD) is making 28 units of its Pavilia Rosa project in Kowloon Tong available to buyers on Friday, a test of sentiment and demand in the city's residential property market amid a slumping Hang Seng Index.
NWD said the flats would be sold via a regular price list on a “first come, first served” basis as the developer announced that the project had so far sold 42 residences worth about HK$2.4 billion (US$127.6 million) via a tender.
The launch on Friday......
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27.05.26 - 05:45
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NEW WORLD DEV Said to Negotiate Sale of Central Commercial Site for HKD1B (AAStocks)
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NEW WORLD DEV (00017.HK) is negotiating the sale of a commercial site in Central, with a proposed price of HKD1 billion, Hong Kong Economic Times reported, citing people familiar with the matter. The property is located at 9-19 Lyndhurst Terrace and has a site area of approximately 4,450 square feet. It can be redeveloped into a......
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19.05.26 - 01:12
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New World Mulls Fee to Avoid $9 Billion Rent for 11 Skies Mall (Bloomberg)
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Hong Kong real estate company New World Development Co. is in talks to pay up to end its obligations to the struggling 11 Skies mall project, according to people familiar with the matter, the latest option for a firm that is locked in negotiations with officials in the city....
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