It is the second developer to cut its sales forecast, following Sun Hung Kai Properties' announcement last week that it would lower its sales target by 8.5 per cent.
- Mon
- Mar 4, 2013
- Updated: 8:44pm
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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.
28 Feb 2013
New World Development generated HK$9.2 billion from contracted sales in the previous financial year. The company planned to generate between HK$11 billion and HK$12 billion from contracted sales....
24 Feb 2013
A day after Henderson Land Development chairman Lee Shau-kee confirmed he was in talks with the government about donating land for cheap homes, New World Development chairman Henry Cheng Kar-shun...
14 Feb 2013
Sun Hung Kai Properties, which launched Residence 88 in Yuen Long on Wednesday, said the project attracted a keen response. The developer expected about 100 flats to be sold by the end of the...
24 Jan 2013
China Vanke, the mainland's biggest property developer by market value, has made its first foray into Hong Kong's property market by acquiring a residential site on the Tsuen Wan waterfront in...
New World Development does not plan to change its timetable for property sales despite the impact of the new buyer's stamp duty on demand from those who are not permanent residents.
Beijing to investigate alleged dumping by EU
The Ministry of Commerce said it will investigate whether the European Union is improperly subsidising its producers of solar-grade polysilicon...
Estate agents are being offered higher commissions by developers who want to speed up sales of their properties before prices slide further.
Sun Hung Kai Properties and Henderson Land pulled out of sponsorship of the New Year's Eve fireworks last year, creating a headache for the Tourism Board.
Despite doubling in price this year, it looks like there might still be more value to be found in New World Development shares.
The group is a large property player in Hong Kong and has...
One year after losing a major sponsor for the New Year's Eve fireworks display, tourism officials have found a replacement for the countdown show.
The Tourism Board yesterday signed a deal...
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