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.
- Thu
- Oct 3, 2013
- Updated: 9:39am
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.
3 Sep 2013
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 (...
11:55AM
1 Sep 2013
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,...
3:22AM
5 Aug 2013
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.
3:55AM
10 Jul 2013
New World Development's latest residential project in Yuen Long will test buying sentiment in the mid-range market in the New Territories amid subdued demand as a result of the government's...
4:48AM
11 Jun 2013
The hotel trust, NW Hotel Investments - which includes the Grand Hyatt Hong Kong, the Renaissance Harbour View Hotel and the Hyatt Regency Hong Kong, Tsim Sha Tsui - had a valuation of HK$21.4...
3:25AM
New World Development and its controlling shareholder, Chow Tai Fook Enterprises, have agreed to guarantee a minimum HK$707 million first-year payout from the proposed spin-off of the group's...
5:18AM
The flats at The Reach were offered at HK$10,086 per square foot of saleable area, meaning the firms are asking from HK$3.55 million to HK$8.19 million per flat, as their saleable area ranges from...
5:29AM
When Hong Kong property developers get a good idea, they tend to all converge on it at once. The idea that has captivated them right now is the hotel trust listing. There are three on the cards,...
5:59AM
New World Development has submitted a listing application to the Hong Kong stock exchange to spin off its three hotels in the city, a plan it announced in March.
4:22AM
In "New World forecast to raise US$10b from hotels spin-off" yesterday, the amount New World Development was expected to raise should have been US$800 million to US$1 billion.
4:41AM
New World Development is expected to raise US$800 million to US$1 billion from the spin-off of its hospitality assets.
8:16PM
5:30AM
In Case You Missed It
23 Sep 2013
Login
SCMP.com Account
or
Log in using a partner site
Log in using your Facebook account. What's this?
Don't have an SCMP.com account? Subscribe Now!