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

New World Development’s huge 11 Skies project has yet to fully open. Photo: SCMP

Hong Kong stock market

Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

The beleaguered developer is reportedly trying to offload the 11 Skies project and secure fresh investment to improve its balance sheet.

14 May 2026 - 5:10PM

Hong Kong economy

Hong Kong Airport Authority takes over 11 Skies retail from New World: sources

14 May 2026 - 5:40PM

Hong Kong economy

Exclusive | Takeover of Hong Kong Golf & Tennis Academy’s Central club postponed by 2 months

13 May 2026 - 10:25PM

Hong Kong economy

Exclusive | Hong Kong Golf & Tennis Academy members reject Central takeover by Carlyle & Co

Some members of exclusive sports club object to Town Club operations transfer, complaining about unfair access and incompatible patron profiles.

9 May 2026 - 11:09PM

Carlyle & Co, a private members’ club, will take over the operations of the Hong Kong Golf & Tennis Academy’s Town Club in Central on June 8. Photo: Handout

Interiors

Luxury show flat interiors in Hong Kong blend realism with dream design

Developers in Hong Kong are enhancing show flats with realistic, high-end designs to attract sophisticated buyers, blending style with liveability.

2 May 2026 - 8:00AM

Hong Kong property

Hong Kong developers clear stock amid strong demand and shrinking supply

Nearly 300 flats released as strong demand meets falling supply, with completions set to decline over the next two years.

25 Apr 2026 - 8:41PM

Hong Kong economy

Hong Kong airport’s revenue ‘expected to grow by up to 10%’ despite Mideast war

Airport Authority CEO Vivian Cheung also says she aims to turn facility into alternative aviation hub to Middle East.

23 Apr 2026 - 9:50PM

A Cathay Pacific Airways plane takes off from Hong Kong International Airport. Photo: Felix Wong

Hong Kong property

Sino Land-led consortium to invest US$1.7 billion in Northern Metropolis project

Sino Land chairman Daryl Ng said the Kam Sheung Road project marks a key step in advancing the Northern Metropolis.

21 Apr 2026 - 9:52PM

Hong Kong economy

Hong Kong launches Skytopia marina project to drive tourism and yacht economy

Airport Authority invites global bids for 200-hectare marina to tap market expected to reach HK$352 billion by 2032.

20 Apr 2026 - 11:46PM

Hong Kong property

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

19 Apr 2026 - 9:10PM

Prospective buyers queue at the sales office for Pavilia Farm III flats. Photo: Jelly Tse

Banking & finance

Hong Kong buyers snap up more than 180 new homes as market confidence returns

About 70 per cent of buyers were end users and 30 per cent investors, with mainland buyers accounting for about 20 per cent of the total.

18 Apr 2026 - 5:39PM

Prospective buyers queue at the Lai Chi Kok sales office of The Pavilia Farm III to secure flats at the Tai Wai Station development on Saturday. Photo: Jelly Tse

Hong Kong property

From renters to owners: how mainland buyers are reshaping the Hong Kong market

Mainland buyers return in force as a stronger yuan, talent inflows and demand for new homes lift Hong Kong’s property market.

15 Apr 2026 - 10:35AM

Hong Kong property

Hong Kong home sales outlook firm even as La Mirabelle demand ebbs

Developers prioritise sales continuity, keeping pricing close to prevailing secondary market levels to ensure consistent absorption.

12 Apr 2026 - 9:20PM

Hong Kong property

Developers line up 1,300 Hong Kong flats as sentiment improves, prices tick higher

New projects across the city draw steady demand, with selective price increases reflecting improved homebuying sentiment.

10 Apr 2026 - 7:00AM

General view of the Pavilia Farm in Tai Wai. Photo: Google

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.

2 Apr 2026 - 7:34PM

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

Hong Kong economy

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

Over 60 new brands set to join upscale Tsim Sha Tsui shopping centre as part of tenant overhaul covering about 30 per cent of its retail space.

23 Mar 2026 - 10:30AM

Hong Kong property

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

A wait-and-see approach by Hong Kong homebuyers amid rising geopolitical uncertainties could dampen recovery in the sector.

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

General view of New World Tower in Central. Photo: Jonathan Wong

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

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

Exchange Square in Central is the home of Hong Kong’s bourse operator Hong Kong Exchanges and Clearing. Photo: Nathan Tsui

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

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New World Development

Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

The beleaguered developer is reportedly trying to offload the 11 Skies project and secure fresh investment to improve its balance sheet.

Hong Kong Airport Authority takes over 11 Skies retail from New World: sources

.css-19im5qg{color:#c79a00;}Exclusive | Takeover of Hong Kong Golf & Tennis Academy’s Central club postponed by 2 months

Exclusive | Hong Kong Golf & Tennis Academy members reject Central takeover by Carlyle & Co

Some members of exclusive sports club object to Town Club operations transfer, complaining about unfair access and incompatible patron profiles.

Luxury show flat interiors in Hong Kong blend realism with dream design

Developers in Hong Kong are enhancing show flats with realistic, high-end designs to attract sophisticated buyers, blending style with liveability.

Hong Kong developers clear stock amid strong demand and shrinking supply

Nearly 300 flats released as strong demand meets falling supply, with completions set to decline over the next two years.

Hong Kong airport’s revenue ‘expected to grow by up to 10%’ despite Mideast war

Airport Authority CEO Vivian Cheung also says she aims to turn facility into alternative aviation hub to Middle East.

Sino Land-led consortium to invest US$1.7 billion in Northern Metropolis project

Sino Land chairman Daryl Ng said the Kam Sheung Road project marks a key step in advancing the Northern Metropolis.

Hong Kong launches Skytopia marina project to drive tourism and yacht economy

Airport Authority invites global bids for 200-hectare marina to tap market expected to reach HK$352 billion by 2032.

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

Hong Kong buyers snap up more than 180 new homes as market confidence returns

About 70 per cent of buyers were end users and 30 per cent investors, with mainland buyers accounting for about 20 per cent of the total.

From renters to owners: how mainland buyers are reshaping the Hong Kong market

Mainland buyers return in force as a stronger yuan, talent inflows and demand for new homes lift Hong Kong’s property market.

Hong Kong home sales outlook firm even as La Mirabelle demand ebbs

Developers prioritise sales continuity, keeping pricing close to prevailing secondary market levels to ensure consistent absorption.

Developers line up 1,300 Hong Kong flats as sentiment improves, prices tick higher

New projects across the city draw steady demand, with selective price increases reflecting improved homebuying sentiment.

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

Over 60 new brands set to join upscale Tsim Sha Tsui shopping centre as part of tenant overhaul covering about 30 per cent of its retail space.

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

A wait-and-see approach by Hong Kong homebuyers amid rising geopolitical uncertainties could dampen recovery in the sector.

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.

Exclusive | Takeover of Hong Kong Golf & Tennis Academy’s Central club postponed by 2 months