• Sat
  • Sep 20, 2014
  • Updated: 6:07am

New World Development

New World Development Co (HK stock code 0017) is a Hong Kong conglomerate with operations in property, infrastructure, transport, retailing telecommunications and bus and ferry operations.It is controlled by Chow Tai Food, a holding company owned by businessman Cheng Yu-tung.

New World taps market for HK$18.6b to buy out China unit

New World Development, the city's fifth-largest developer by market value, yesterday announced it would make an HK$18.6 billion rights issue to take its mainland property arm New World China Land private.

Saturday, 15 March, 2014, 12:53am

New World Development's net profit dives 54.6 pc in first half

New World Development's first-half net profit plunged 54.6 per cent, but the company said it would take measures to offset the negative impact of the cooling measures in the property market which might affect earnings.

27 Feb 2014 - 12:53am 1 comment

Peering into the property market crystal ball for the year ahead

Many people turn to fortune-telling books at the beginning of the year for insight on the year ahead.

But if you want hints on what this year will bring in the property market, I think a more reliable reading would be based on the latest actions of developers and the government.

3 Feb 2014 - 11:52am 2 comments

New World Development achieves sales target of HK$10 billion

New World Development has achieved its sales target for the financial year to June in just four months, generating more than HK$10 billion despite a downturn in the property market.

20 Nov 2013 - 2:51am 1 comment

New World and Wheelock to raise prices for 70 new Austin units

New World Development and Wheelock Properties said it would put an additional 70 units on the market at their joint residential development at the Austin MTR station and raise the asking price by 5.6 per cent.

19 Oct 2013 - 3:15am 1 comment

Luxury project plays safe on price

New World Development and Wheelock Properties kicked off sales at the Austin with asking prices at least 9 per cent below market expectations for the luxury project.

18 Oct 2013 - 12:14pm

High building costs to limit price falls

Rising construction costs will act as a brake on falling property prices, limiting any declines to about 10 per cent, says New World Development chairman Henry Cheng Kar-shun.

27 Sep 2013 - 12:07pm 7 comments

Patience might pay off with price cut

New World Development took the plunge at the weekend and discounted prices at its Park Signature project in Yuen Long - attracting the strongest buying response since the Residential Properties (First-hand Sales) Ordinance took effect on April 29.

4 Sep 2013 - 11:55am 2 comments

New World sees strong response at launch of flat sales at Park Signature, Yuen Long

Aided by an aggressive pricing strategy, New World Development sold 82 per cent of the 238 flats that were on offer at Park Signature in Yuen Long. The flats put on sale were a fraction of the 1,620 in the development.

1 Sep 2013 - 3:22am 4 comments

New World Development unit may manage four more Pentahotels

New World Development's hotel management arm, Rosewood Hotel Group, is in talks to run four more hotels under its Pentahotel brand in Hong Kong and Macau.

5 Aug 2013 - 3:55am