TOPIC

/ company

New World Development

New World Development is a Hong Kong conglomerate that deals in property, infrastructure, transport and telecommunications. It is owned by Chow Tai Fook, a holding company led by businessman Cheng Yu-tung.

Chairman / President

Henry Cheng Kar-shun

CEO / Managing Director

Adrian Cheng Chi-kong

CFO / Finance Director

Edward Lau

Industry

Real property

Website

nwd.com.hk

Headquarters address

30/F, New World Tower, 16-18 Queen's Road Central, Hong Kong

Stock Code

SEHK:0017
OTC Pink:NDVLY

Year founded

1970

No 76 Percival Street in Causeway Bay. Photo: Antony Dickson

Hong Kong property

New World pulls back on Causeway Bay acquisition amid uneven recovery

Developer steps back from consolidating three commercial sites as high costs and patchy demand weigh on redevelopment decisions.

5 hours ago

Hong Kong economy

Luxury brands bet on growth as well-heeled tourists flock to Hong Kong events

23 Mar 2026 - 10:30AM

Hong Kong property

Will a longer pause in rate cuts threaten Hong Kong’s property upturn?

23 Mar 2026 - 7:30AM

Millionaires and billionaires

Adrian Cheng maps out investment plan in line with China’s 5-year plan

The former CEO of NWD plans to spend more time in mainland China this year to scope out tech investment targets.

11 Mar 2026 - 5:57PM

Adrian Cheng says he has invested in a Chinese robotics firm. Photo: Handout

Hong Kong property

Hong Kong developers test pricing power amid home-market recovery

Cautious adjustments indicate sector is beginning to stabilise, but more inventory must clear before a seller’s market emerges, analysts say.

13 Mar 2026 - 5:19PM

Hong Kong property

Global investors revisit Hong Kong property stocks as housing recovery picks up

Stronger home sales and expectations of double-digit price gains have revived investor interest in Hong Kong’s property sector.

5 Mar 2026 - 2:38PM

Hong Kong economy

Hong Kong tycoons say Middle East outlook remains promising despite conflict

New World scion Adrian Cheng highlights city’s status as safe haven for capital; K Wah’s Francis Lui says property and stocks holding firm.

4 Mar 2026 - 11:40PM

Iran has launched retaliatory strikes at targets in Dubai. AFP

Hong Kong property

New World reports loss as deleveraging takes priority, dividend suspended

Developer keeps dividend suspended, rules out equity fundraising for now as Hong Kong sales rebound.

27 Feb 2026 - 7:20PM

Hong Kong budget 2026-27

Paul Chan’s new budget sets aside HK$30 billion to kick-start Northern Metropolis

Companies overseeing megaproject’s Hetao Hong Kong Park, San Tin Technopole and Hung Shui Kiu Industrial Park to each get HK$10 billion.

25 Feb 2026 - 9:55PMvideocam

Hong Kong transport

Hong Kong airport’s second terminal to fully open, serve 15 airlines from May 27

Transport and logistics minister Mable Chan says the two terminals will complement each other and ‘greatly enhance’ the airport’s capacity.

17 Feb 2026 - 5:10PM

“The design philosophy for the entire Terminal 2 aims to be more vibrant, youthful and technologically forward-thinking,” the chairman of the Airport Authority has said. Photo: Eugene Lee

Millionaires and billionaires

Li Ka-shing tops Hong Kong’s billionaire list with US$45.1 billion: Forbes

The collective net worth of tycoons on Hong Kong’s 50 Richest list rose 22 per cent to US$366 billion.

12 Feb 2026 - 7:52PM

Li Ka-shing, dubbed “Superman” for his deal-making prowess, is Hong Kong’s richest individual. Photo: The Li Ka Shing Foundation

Hong Kong stock market

Hong Kong stocks end 7-day rally as investors resort to profit-taking

Despite the setback, the Hang Seng Index is set for its best monthly performance since September 2025.

30 Jan 2026 - 4:45PM

Hong Kong property

NWD shares jump after market views likely stake sale as positive

Debt-laden Hong Kong developer confirms in exchange filing that parent Chow Tai Fook Enterprises has been approached by investors.

30 Jan 2026 - 6:54PM

Hong Kong economy

The Henderson is ‘World’s Best Property’ as Hong Kong shines in building awards

Developer overcame problems to install curved glass panels that were heat and typhoon resistant, among other green and energy-saving features.

25 Jan 2026 - 4:52PM

A view of The Henderson’s curved glass facade. Photo: Handout

Hong Kong property

Exclusive | Chow Tai Fook’s Henry Cheng reveals Hong Kong empire’s investment philosophy

In a rare media interaction, the chairman of New World Development’s parent company talks about his family’s unusual investment playbook.

19 Jan 2026 - 9:39AM

Chow Tai Fook Enterprises chairman Henry Cheng Kar-shun: his family invests not merely for returns but also to provide social impact to the investee and the community. Photo: Jonathan Wong

Hong Kong property

Morgan Stanley lifts Hong Kong property to ‘attractive’ as stars align

City’s home prices are expected to rise around 10 per cent in 2026, with an ongoing rebound heralding the start of a new upcycle.

6 Jan 2026 - 5:28PM

Hong Kong property

Hong Kong developers test ultra-luxury home demand with new launch on The Peak

As property prices stabilise and rents are on the rise, affluent buyers are being enticed with a fresh supply of high-end homes.

28 Dec 2025 - 10:00AM

Luxury Hotels

Rosewood opens French ski resort after sources say hotel brand is not for sale

Luxury hotel group announces Courchevel resort’s opening, just days after sources said the prized brand was not for sale.

19 Dec 2025 - 6:56PM

General view of the Rosewood Hong Kong hotel in Tsim Sha Tsui. Photo: Dickson Lee

Hong Kong property

Hong Kong logistics group’s CEO buys US$17 million luxury home

An entity linked to Arnold Lee, CEO of Hecny Group, buys a 2,772 sq ft flat at The Legacy in Mid-Levels West.

18 Dec 2025 - 3:13PMvideocam

China property

Shanghai retail landscape evolves with new malls, shift to experiential shopping

Hang Lung, New World and Swire are renovating and expanding their malls in Shanghai to stay relevant in a competitive environment.

14 Dec 2025 - 11:30AM

Hong Kong property

Yau Tong project nearly sells out amid hopes of home market recovery in 2026

The flats at One Park Place were in high demand after developers Sino Land, CSI Properties and MTR offered discounts of up to 15 per cent.

13 Dec 2025 - 6:54PM

A view of One Park Place in Yau Tong. Photo: Google maps

Hong Kong property

Exclusive | Rosewood hotel brand of Hong Kong’s Chow Tai Fook is not for sale, sources say

The prestige brand has delivered ‘exceptional’ results, sources say, while suggesting that certain properties might be available.

12 Dec 2025 - 6:38PM

The Rosewood Hotel in Tsim Sha Tsui, Hong Kong. Photo:
Shutterstock

Mergers & Acquisitions

Chow Tai Fook sells Australian energy assets for US$4.3 billion

Sembcorp Industries to acquire 100 per cent ownership of Alinta Energy, which Chow Tai Fook acquired in 2017.

12 Dec 2025 - 12:32AM

International Property

Hong Kong scion Adrian Cheng forms retail venture with Dubai group

Joint venture will connect ‘the consumers and rich cultural industries of the Middle East and Chinese-speaking markets’ at Dubai’s Wafi City.

11 Dec 2025 - 7:40PM

Legislative Council election 2025

Hong Kong property tycoons turn heads at poll, urge voters to fulfil civic duty

Tycoons from SHKP, Sino Group, Henderson Land Development, New World Development, CK Hutchison and Chinese Estates cast ballots.

7 Dec 2025 - 11:45PM

Henderson Land Development chairman Martin Lee made his presence felt in Wan Chai, where he cast his ballot. Photo: Nora Tam

Hong Kong’s Tai Po fire tragedy

Hong Kong developers push for smoking ban at construction sites after deadly fire

Two developers already stepping up measures, with viral video showing workers being told: ‘If anyone is caught smoking, they will have to leave’.

5 Dec 2025 - 11:23PM

Workers at a construction site in Kai Tak. Photo: Jelly Tse

Hong Kong property

Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Soft sentiment and stalled launches are expected to drag December property transactions to their lowest since August.

2 Dec 2025 - 6:42PM

Hong Kong property

Hong Kong property viewing dips after deadly fire as city pauses to mourn

Fundamentals will continue to drive the market’s gradual improvement over the longer term, analysts say.

30 Nov 2025 - 7:00PM

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New World Development

New World pulls back on Causeway Bay acquisition amid uneven recovery

Developer steps back from consolidating three commercial sites as high costs and patchy demand weigh on redevelopment decisions.

Luxury brands bet on growth as well-heeled tourists flock to Hong Kong events

Will a longer pause in rate cuts threaten Hong Kong’s property upturn?

Adrian Cheng maps out investment plan in line with China’s 5-year plan

The former CEO of NWD plans to spend more time in mainland China this year to scope out tech investment targets.

Hong Kong developers test pricing power amid home-market recovery

Cautious adjustments indicate sector is beginning to stabilise, but more inventory must clear before a seller’s market emerges, analysts say.

Global investors revisit Hong Kong property stocks as housing recovery picks up

Stronger home sales and expectations of double-digit price gains have revived investor interest in Hong Kong’s property sector.

Hong Kong tycoons say Middle East outlook remains promising despite conflict

New World scion Adrian Cheng highlights city’s status as safe haven for capital; K Wah’s Francis Lui says property and stocks holding firm.

New World reports loss as deleveraging takes priority, dividend suspended

Developer keeps dividend suspended, rules out equity fundraising for now as Hong Kong sales rebound.

Paul Chan’s new budget sets aside HK$30 billion to kick-start Northern Metropolis

Companies overseeing megaproject’s Hetao Hong Kong Park, San Tin Technopole and Hung Shui Kiu Industrial Park to each get HK$10 billion.

Hong Kong airport’s second terminal to fully open, serve 15 airlines from May 27

Transport and logistics minister Mable Chan says the two terminals will complement each other and ‘greatly enhance’ the airport’s capacity.

Li Ka-shing tops Hong Kong’s billionaire list with US$45.1 billion: Forbes

The collective net worth of tycoons on Hong Kong’s 50 Richest list rose 22 per cent to US$366 billion.

Hong Kong stocks end 7-day rally as investors resort to profit-taking

Despite the setback, the Hang Seng Index is set for its best monthly performance since September 2025.

NWD shares jump after market views likely stake sale as positive

Debt-laden Hong Kong developer confirms in exchange filing that parent Chow Tai Fook Enterprises has been approached by investors.

The Henderson is ‘World’s Best Property’ as Hong Kong shines in building awards

Developer overcame problems to install curved glass panels that were heat and typhoon resistant, among other green and energy-saving features.

.css-19im5qg{color:#c79a00;}Exclusive | Chow Tai Fook’s Henry Cheng reveals Hong Kong empire’s investment philosophy

In a rare media interaction, the chairman of New World Development’s parent company talks about his family’s unusual investment playbook.

Morgan Stanley lifts Hong Kong property to ‘attractive’ as stars align

City’s home prices are expected to rise around 10 per cent in 2026, with an ongoing rebound heralding the start of a new upcycle.

Hong Kong developers test ultra-luxury home demand with new launch on The Peak

As property prices stabilise and rents are on the rise, affluent buyers are being enticed with a fresh supply of high-end homes.

Rosewood opens French ski resort after sources say hotel brand is not for sale

Luxury hotel group announces Courchevel resort’s opening, just days after sources said the prized brand was not for sale.

Hong Kong logistics group’s CEO buys US$17 million luxury home

An entity linked to Arnold Lee, CEO of Hecny Group, buys a 2,772 sq ft flat at The Legacy in Mid-Levels West.

Shanghai retail landscape evolves with new malls, shift to experiential shopping

Hang Lung, New World and Swire are renovating and expanding their malls in Shanghai to stay relevant in a competitive environment.

Yau Tong project nearly sells out amid hopes of home market recovery in 2026

The flats at One Park Place were in high demand after developers Sino Land, CSI Properties and MTR offered discounts of up to 15 per cent.

Exclusive | Rosewood hotel brand of Hong Kong’s Chow Tai Fook is not for sale, sources say

The prestige brand has delivered ‘exceptional’ results, sources say, while suggesting that certain properties might be available.

Chow Tai Fook sells Australian energy assets for US$4.3 billion

Sembcorp Industries to acquire 100 per cent ownership of Alinta Energy, which Chow Tai Fook acquired in 2017.

Hong Kong scion Adrian Cheng forms retail venture with Dubai group

Joint venture will connect ‘the consumers and rich cultural industries of the Middle East and Chinese-speaking markets’ at Dubai’s Wafi City.

Hong Kong property tycoons turn heads at poll, urge voters to fulfil civic duty

Tycoons from SHKP, Sino Group, Henderson Land Development, New World Development, CK Hutchison and Chinese Estates cast ballots.

Hong Kong developers push for smoking ban at construction sites after deadly fire

Two developers already stepping up measures, with viral video showing workers being told: ‘If anyone is caught smoking, they will have to leave’.

Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Soft sentiment and stalled launches are expected to drag December property transactions to their lowest since August.

Hong Kong property viewing dips after deadly fire as city pauses to mourn

Fundamentals will continue to drive the market’s gradual improvement over the longer term, analysts say.

Exclusive | Chow Tai Fook’s Henry Cheng reveals Hong Kong empire’s investment philosophy