New World Development
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New World Development

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

Mergers & Acquisitions

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

International Property

Hong Kong scion Adrian Cheng forms retail venture with Dubai group

4
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.

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’.

18
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.

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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.

People view the burned buildings at Wang Fuk Court in Tai Po from a pedestrian bridge on November 30, 2025. Photo: Karma Lo
Hong Kong property

Hong Kong developers Emperor and Lai Sun find relief amid debt pressures

Emperor secures bank approval while Lai Sun negotiates asset sales as they work to ease debt pressures.

Hong Kong property

Hong Kong developers Sino Group, NWD delay flat sales amid Tai Po fire grief

Developers defer sales of a total of 213 units in Yau Tong and Yau Ma Tei scheduled for Friday.

Hong Kong property

New World Development secures 65% perpetual bond swap but debt pressure persists

The Hong Kong developer has won backing for a partial exchange of its perpetual bonds, but the distressed builder still faces a hefty debt burden.

An interior shot of New World Development’s 11 Skies project at Chek Lap Kok. Photo: Edmond So
Bonds

New World Development offers US$1.9 billion debt swap to boost liquidity

The Hong Kong-listed developer will raise up to US$1.6 billion in new perpetual securities and around US$300 million in fresh notes.

New World Development is launching an exchange programme for its perpetual securities and notes to boost its liquidity. Photo: Jelly Tse
Hong Kong property

Hong Kong businessman Peter Law’s daughter buys US$46 million Mid-Levels flat

The purchase by Winnie Law follows her father’s US$140 million mansion sale in August – a sign of Hong Kong’s recovering property market.

Hong Kong property

Hong Kong developer NWD seals record deal for global firm Aecom’s Asia headquarters

Multinational firms, including Ralph Lauren and Lush, drive up occupancy rate of NWD’s grade A office building in Cheung Sha Wan.

Wealth management

Hong Kong entrepreneur Adrian Cheng backs multi-asset broker CBCX

The investment aligns with Cheng’s growing interest in virtual assets.

Adrian Cheng is investing in CBCX, a multi-asset broker headquartered in London. Photo: Handout
Banking & finance

Exclusive | Property credit quality issues manageable for Hong Kong banks: HKMA’s Eddie Yue

The banking sector next year has more opportunities than challenges, HKMA’s chief executive says.

HKMA chief executive Eddie Yue says Hong Kong’s banking sector has a strong capital ratio and is very profitable. Photo: Edmond So
Hong Kong property

Hong Kong’s NWD denies scramble to manage debt, secure financing

The developer, which has been battling liquidity problems for the past three years, makes a statement in response to media reports.

Banking & finance

Li Auto CEO Hong Kong’s highest-paid executive, Webb-site shows

CEO Li Xiang’s US$87.4 million remuneration package Hong Kong’s highest, according to finance activist league table.

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Hong Kong property

As Hong Kong retail sales recover, can landlords follow with higher shop rents?

The journey from retail sales stabilisation to strengthened rental prices in the property market could take at least a year.

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Mainland Chinese tourists check items at a souvenir shop in Tsim Sha Tsui during the National Day “golden week” holiday. Photo: Jelly Tse
NBA China games

Phoenix Suns shine in Macau as the NBA makes a star-studded return to China

Stars of stage, screen and sports among fans in a packed Venetian Arena treated to an evening of singing, dancing and sparkling basketball.

Hong Kong property

Hong Kong developer Great Eagle’s executives jointly acquire US$1.5 million flat

Rising Thrive, an entity linked to Great Eagle’s executives, bought a 773 sq ft flat in Grand Mayfair in Kam Tin South.

Hong Kong economy

Hong Kong retailers, caterers enjoy ‘golden week’ business growth of up to 20%

Business leaders say luxury retailers among holiday’s big winners, with one tourist spending whopping HK$1 million on international brands.

Mainland tourists in Causeway Bay during the National Day “golden week” holiday. Photo: Jelly Tse
Hong Kong property

High-profile property sales add to Hong Kong’s market momentum

The flats, worth a combined US$9.4 million, were sold to entities linked to William Harry Tang, the son of ex-finance minister Henry Tang.

Kadoorie Hill, developed by Wheelock Properties, is a luxury residential project in Kowloon. Photo: Handout
International Property

The rise of branded residences and why Hong Kong is an outlier

Hong Kong remains relatively untouched by the branded residences model, largely because of the strength of established local developers.

NWD reports higher losses as CEO says debt reduction efforts yield results

The developer’s revenue fell 23 per cent to HK$27.68 billion, while core operating profit declined 13 per cent to HK$6.01 billion.

Hong Kong property

Affluent Hong Kong investors snap up luxury flats as property market improves

‘With more rate cuts ahead … expect home prices to register some 3 to 5 per cent upside in 2026,’ property analyst Raymond Cheng says.

Potential buyers at the sales offices of Deep Water Pavilia in June. Photo: Edmond So
Hong Kong property

Adrian Cheng focuses on ‘transformative industries’ under new firm ALMAD Group

The former New World Development CEO is on a mission to break new ground in culture, healthcare and digital assets.

Adrian Cheng Chi-kong eyes investments in transformative industries. Photo: HKGTA
Hong Kong property

Hong Kong homebuyers snap up the city’s first sale after rate cuts

New World Development and CK Asset Holdings sold 120 apartments, or 66 per cent of the 190 flats on offer at two locations in Hong Kong.

Hong Kong property

NWD, CK Asset launch home sales, hoping year’s first rate cut revives sentiment

New World is selling all 120 units at House Muse in Kowloon City, and CK Asset is selling the last 70 units at Blue Coast II in Wong Chuk Hang.

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