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

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

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

Hong Kong stock market

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

30 Jan 2026 - 4:45PM

Hong Kong property

NWD shares jump after market views likely stake sale as positive

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

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

Wharf Holdings’ latest Plantation Road launch reflects how developers are encouraged by improved market sentiment, following a number of big-ticket transactions this year. Photo: Handout

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

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

Malls in Shanghai are revamping with new concepts to keep consumers interested. Photo: Reuters

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

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

Sheikh Mana bin Khalifa Al Maktoum (third from left) and Adrian Cheng (centre), pictured at a signing ceremony on Wednesday in Dubai. Photo: Handout

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

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

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.

28 Nov 2025 - 3:44PM

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.

27 Nov 2025 - 11:20PM

Hong Kong property