A view of the 11 Skies project being constructed by New World Development close to the Hong Kong International Airport. Photo: Yik Yeung-man
A view of the 11 Skies project being constructed by New World Development close to the Hong Kong International Airport. Photo: Yik Yeung-man

Hong Kong property developer New World expects housing market to feel the squeeze from rising interest rates

  • Housing market will gradually recover as there is still strong demand for homes, says CEO Adrian Cheng
  • Hong Kong-listed developer posts an 8.5 per cent increase in full-year profit to US$159.2 million

A view of the 11 Skies project being constructed by New World Development close to the Hong Kong International Airport. Photo: Yik Yeung-man
A view of the 11 Skies project being constructed by New World Development close to the Hong Kong International Airport. Photo: Yik Yeung-man
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