NEW WORLD DEVELOPMENT Aktie

 

New World Development Co. and its partners sold 138 apartments in a few hours at a new project after pricing the homes at a discount to lure buyers in Hong Kong's sluggish real estate market....

The first batch of flats on offer at the Deep Water Pavilia project on the south side of Hong Kong island is expected to sell out, according to property agents, as homebuyers rushed to snap up available units this weekend on the back of discounted pricing and low interest rates. As of 1pm on Saturday, 75 of the 138 flats on offer at the New World Development (NWD)-led luxury residential project in Wong Chuk Hang were snapped up, about four hours after sales started, property agents said. All the......

NEW WORLD DEV (00017.HK) is seeking HKD87.5 billion refinancing loans from banks, 87% of which has already received written commitments from banks, Bloomberg reported, citing sources. It is understood that, however, there is a clause indicating that the company must obtain 100% commitment, otherwise the transaction will be cance......

As distressed Hong Kong builder New World Development Co. gathers more support from banks for its targeted HK$87.5 billion ($11.1 billion) loan refinancing, a key part of the terms shows that it must get 100% in commitments, or the deal will fall through....

NEW WORLD DEV (00017.HK) has made new progress in its $87.5 billion refinancing loan program, and has obtained written commitments from more than 50 banks covering 87% or about $76.1 billion of the financing amount, foreign media quoted insiders as saying.NEW WORLD DEV is stepping up its efforts to finalize the deal with more th......

New World Development Co. has received more backing from banks for its HK$87.5 billion ($11.2 billion) loan refinancing, giving it written commitments for 87% of the total, according to people familiar with the matter....

NEW WORLD DEV (00017.HK)'s creditors are unhappy with the transparency of the Company's financial disclosures, as the Company prioritizes communication with banks about its debt as it urgently needs to refinance $87.5 billion in loans by the end of June, Bloomberg quoted sources as saying.Creditors are concerned about th......

New World Development Co. bondholders are growing frustrated with the level of financial disclosure by the cash-strapped developer as it prioritizes communication with banks during critical loan talks....

Deep Water Pavilia in Wong Chuk Hang, co-developed by NEW WORLD DEV (00017.HK), Emperor Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR CORPORATION (00066.HK), continued to close the tender process. Yesterday (11th), nine large transactions were recorded, including three four-bedroom double suites and six three......

The liquidity crunch at New World Development (NWD), one of Hong Kong's biggest developers, is a blemish on the resurgent housing market, threatening to shake confidence among homebuyers and trigger a “downside scenario” in home prices, according to S&P Global Ratings. The developer deferred coupon payments on four series of perpetual bonds after months of speculation about its finances, sending a poor signal to creditors about its default risk. It surprised investors last month by not redeeming......

Rating agency S&P has released a report indicating that NEW WORLD DEV (00017.HK)'s deferred distribution may pose a risk to Hong Kong's already oversupplied real estate market, which could trigger a chain reaction reducing buyers' confidence and delaying their entry into the market.Specifically, buyers may postpo......

Deep Water Pavilia in Wong Chuk Hang, co-developed by NEW WORLD DEV (00017.HK), Emperor Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR CORPORATION (00066.HK), has cumulatively collected about 3,000 cheques as of 7PM yesterday (10th). According to the first round of sale of 138 units on Saturday, the project wa......

A consortium led by New World Development (NWD) on Saturday will sell the first batch of flats in a new residential project on the south side of Hong Kong Island after pricing them below neighbouring developments. The announcement comes as property consultancy Knight Frank expects home prices in the city to remain under pressure as developers continue to offer hefty discounts to reduce their inventories amid ample supply. NWD said on Tuesday that 138 flats in the 447-unit Deep Water Pavilia......

Deep Water Pavilia in Wong Chuk Hang, co-developed by NEW WORLD DEV (00017.HK), Emperor Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR CORPORATION (00066.HK), closed the tender on the seventh day yesterday (9th), and six bulk transactions were recorded, generating over HKD235 million in a single day. To date, ......

New World Development Co. launched a luxury residential project on the south side of Hong Kong Island at a record low price as the embattled developer aims to accelerate property sales amid debt concerns....

A consortium of builders led by New World Development (NWD) priced a new residential project on the south side of Hong Kong Island below all neighbouring developments, as the embattled company seeks to whittle down HK$124 billion (US$15.8 billion) in debt. The developers priced 101 flats in the 447-unit Deep Water Pavilia project in Wong Chuk Hang at HK$20,932 per square foot. That was about 3 per cent lower than the first price list of CK Asset Holdings' nearby Blue Coast II in October, and it......

NEW WORLD DEV (00017.HK), Emperor Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR CORPORATION (00066.HK), unveiled the first price list for Deep Water Pavilia in Wong Chuk Hang today (5th), involving 101 units with a total value of approximately HK$1.381 billion. Developers offer two payment methods. The maximu......

Bankers in Hong Kong are on edge as New World Development Co., one of the city's top real estate developers, attempts to pull off an HK$87.5 billion ($11.2 billion) refinancing deal by the end of the month....

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NEW WORLD DEV (00017.HK) earlier sought a three-year loan of up to HKD15.6 billion using Victoria Dockside in Tsim Sha Tsui as collateral, as well as an HKD87.5 billion refinancing deal. Bloomberg quoted sources as saying that the group is planning to use part of the former to help repay the latter.According to sources, NEW WORL......