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New World Development

Exclusive | State-owned China Resources teams up with Hong Kong’s New World to develop US$1.3 billion Northern Metropolis residential project

by Anas Siddiqui
Exclusive | State-owned China Resources teams up with Hong Kong’s New World to develop US.3 billion Northern Metropolis residential project

The site, covering an area of around 150,000 square feet in the southern part of Yuen Long, is expected to be developed into some 2,000 residential units. The total value …

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Hong Kong to champion multilateral cooperation during Asian Financial Forum, first business event of 2024

by Anas Siddiqui
Hong Kong to champion multilateral cooperation during Asian Financial Forum, first business event of 2024

Hong Kong is gearing up to host the 17th Asian Financial Forum 2024 (AFF), the first major international financial and business event of the year, aimed at highlighting the city’s …

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New World Development buys back US$610 million or 15% of offshore bonds to ease debt concerns among investors

by Anas Siddiqui
New World Development buys back US0 million or 15% of offshore bonds to ease debt concerns among investors

New World Development buys back US$610 million or 15% of offshore bonds to ease debt concerns among investors New World Development, a developer controlled by Hong Kong’s third-richest family, bought …

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New World Development offers to buy back US$600 million of bonds after completing a US$2.8 billion asset sale to controlling family

by Anas Siddiqui
New World Development offers to buy back US0 million of bonds after completing a US.8 billion asset sale to controlling family

New World Development offered to buy back as much as US$600 million of its outstanding dollar-denominated debt through a public tender to manage its debt load, days after receiving HK$21.8 …

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Climate finance: a year on, Hong Kong’s carbon credit market sees scant volume as its bridge role to China fails to materialise

by Anas Siddiqui
Climate finance: a year on, Hong Kong’s carbon credit market sees scant volume as its bridge role to China fails to materialise

“In our first year of operation in this market, our main goal was to build an ecosystem,” she said. “Besides trading volume, we have been building a client base, which …

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Chow Tai Fook executive denies rumours of family rift after patriarch Henry Cheng’s ‘succession interview’

by Anas Siddiqui
Chow Tai Fook executive denies rumours of family rift after patriarch Henry Cheng’s ‘succession interview’

A top executive of jewellery retailer Chow Tai Fook and a member of Hong Kong’s affluent Cheng clan that controls the property developer New World Development denied rumours of a …

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Green buildings: public-private partnerships and technology key for slashing carbon footprints, sustainability experts say

by Anas Siddiqui
Green buildings: public-private partnerships and technology key for slashing carbon footprints, sustainability experts say

Greater private-public collaboration will be necessary if innovations in low-carbon and recycled building materials are to be implemented for decarbonising Hong Kong’s buildings, according to speakers at a sustainability forum, …

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Hong Kong retail landlords look for concepts to transform shopping amid low foot traffic as Shenzhen malls lure locals

by Anas Siddiqui
Hong Kong retail landlords look for concepts to transform shopping amid low foot traffic as Shenzhen malls lure locals

Amid weak foot traffic and significant vacancies, shopping mall landlords in Hong Kong are looking for fresh concepts and choices to transform the retail landscape in their shopping centres. With …

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