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New World Development

Hong Kong’s New World Development touts US$4.5 billion in new loans, repayments

by Anas Siddiqui
Hong Kong’s New World Development touts US.5 billion in new loans, repayments

New World Development (NWD), the conglomerate owned by one of Hong Kong’s wealthiest families, said it has completed around HK$35 billion (US$4.5 billion) in “low-interest and long-tenure” loans and debt …

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Hong Kong homes remain most unaffordable in world for 14th year: research

by Anas Siddiqui
Hong Kong homes remain most unaffordable in world for 14th year: research

Hong Kong has retained its dubious distinction as the world’s most unaffordable property market for the 14th straight year, as the average home costs more than the average family earns …

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Exclusive | Hong Kong property: New World and China Merchants Shekou to jointly develop Northern Metropolis project

by Anas Siddiqui
Exclusive | Hong Kong property: New World and China Merchants Shekou to jointly develop Northern Metropolis project

State-owned conglomerate China Merchants Shekou Group has formed a partnership with New World Development to jointly develop a mixed-use project in the Northern Metropolis, with the residential component set to …

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New World Development puts 18 units up for sale at its recently completed Cheung Sha Wan office tower

by Anas Siddiqui
New World Development puts 18 units up for sale at its recently completed Cheung Sha Wan office tower

Hong Kong property developer New World Development (NWD) is selling 18 units in a recently completed grade A office project in Kowloon. The project, located at 83 Wing Hong Street …

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CK Asset’s Blue Coast flats are 65 times oversold as buyers snap up discounts in Hong Kong’s biggest home launch this year

by Anas Siddiqui
CK Asset’s Blue Coast flats are 65 times oversold as buyers snap up discounts in Hong Kong’s biggest home launch this year

CK Asset’s Blue Coast project in Wong Chuk Hang, one of Hong Kong’s biggest residential launches this year, was snapped up by eager homebuyers rushing to take advantage of attractive …

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Hong Kong homebuyers snap up Uptown East flats worth US$179 million in Kowloon Bay, as market rebounds after curbs removal

by Anas Siddiqui
Hong Kong homebuyers snap up Uptown East flats worth US9 million in Kowloon Bay, as market rebounds after curbs removal

The first batch of flats on sale include studios and two-bedroom units, ranging in size between 278 and 561 square feet (25.8 and 52 square metres). The units were priced …

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Hong Kong developer New World to tap improved sentiment by bringing property launches forward after posting interim loss

by Anas Siddiqui
Hong Kong developer New World to tap improved sentiment by bringing property launches forward after posting interim loss

The company unveiled the plan on Thursday after it reported that its profit attributable to shareholders arising from continued operations for the six months ending on December 31 fell 12.8 …

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New World Development sells Tsuen Wan shopping mall to rival Hong Kong developer Chinachem for US$510 million

by Anas Siddiqui
New World Development sells Tsuen Wan shopping mall to rival Hong Kong developer Chinachem for US0 million

New World Development (NWD) has agreed to sell its shopping centre and associated parking spaces in Tsuen Wan to rival Hong Kong developer Chinachem Group for HK$4.02 billion (US$510 million) …

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Hong Kong’s billionaire Cheng family seeks to oust Giordano CEO Peter Lau after failed buyout

by Anas Siddiqui
Hong Kong’s billionaire Cheng family seeks to oust Giordano CEO Peter Lau after failed buyout

The family of Hong Kong’s third-richest person is seeking to remove Peter Lau Kwok-keun from his role as CEO of Giordano International following a failed attempt to acquire the clothing …

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Hong Kong’s US$1.3 billion Northern Metropolis property JV shows CR Land and NWD’s support for city’s development, says chief

by Anas Siddiqui
Hong Kong’s US.3 billion Northern Metropolis property JV shows CR Land and NWD’s support for city’s development, says chief

The HK$10 billion (US$1.3 billion) property development venture with Hong Kong’s New World Development (NWD) in the Northern Metropolis area indicated Beijing-controlled China Resources Land’s (CR Land) support for Hong …

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