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

Members of the public queue up for the “Yayoi Kusama: 1945 to Now” exhibition at the M+ museum in 2022. Photo: Yik Yeung -man

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Hong Kong arts figures, fans pay tribute to Yayoi Kusama after her death at 97

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China’s private sector

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An artists impression of the Hung Shui Kiu/Ha Tsuen new development area, part of Hong Kong’s Northern Metropolis. Photo: handout

Hong Kong society

Widen mental health support for city’s youth beyond high-risk cases, adviser urges

Exco’s Dr Lam Ching-choi warns high-risk tags don’t always identify children in need, while tycoon Adrian Cheng says young philanthropists eager to help.

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US$46.2 million penthouse sale in Mid-Levels sets a 2026 record

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Hong Kong property

NWD’s Pavilia Rosa project tests property market amid Hang Seng slump

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8 Jun 2026 - 8:24PM

Hong Kong economy

Central Asia tipped to be Hong Kong’s next logistics hub: Airport Authority head

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Airport Authority chairman Fred Lam says passenger traffic at Hong Kong airport could reach 70 million this year, recovering to nearly pre-pandemic levels. Photo: Dickson Lee

Hong Kong economy

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Patrons lodge complaints over whether changes to clubhouse access breach promises tied to HK$2.68 million memberships.

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The HKGTA Town Club in Central is a private club offering exclusive amenities and dining. Photo: Handout

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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

Authority says it continues to communicate closely with New World about 11 Skies project, and is going ‘full steam’ ahead with development.

14 May 2026 - 5:40PM

11 Skies at Skycity near Hong Kong International Airport, Chek Lap Kok. Photo: Karma Lo

Hong Kong economy

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

Source says delay of merger with Carlyle & Co follows meeting of HKGTA members.

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The merger of operations at the HKGTA’s Town Club in Central earlier sparked a backlash among members. Photo: Handout

Hong Kong economy

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

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Interiors

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2 May 2026 - 8:00AM

Hong Kong property

Hong Kong developers clear stock amid strong demand and shrinking supply

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25 Apr 2026 - 8:41PM

Pavilia Farm III – Hong Kong’s residential sales hit a four-year high in 2025 with 62,832 units changing hands. Photo: Handout

Hong Kong economy

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Hong Kong property

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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

The proposed marina at Hong Kong International Airport is a key part of the Skytopia project. Photo: Jonathan Wong

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

Hong Kong property

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

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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

A view of residential buildings in Tseung Kwan O on February 12, 2026. Photo: Sam Tsang

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

Hong Kong economy

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23 Mar 2026 - 10:30AM

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New World Development

Hong Kong arts figures, fans pay tribute to Yayoi Kusama after her death at 97

West Kowloon arts hub chief Bernard Chan and AllRightsReserved founder Lam Shu-kam among those expressing sadness at Japanese artist’s death.

Hong Kong first-half home sales to boost developers’ earnings

Why did only 2 city firms put up their hands for Northern Metropolis project?

Why Hong Kong’s major developers stayed out of Northern Metropolis’ tender

Limited bids suggest government’s new land-sale model asks developers to do more than build homes, testing a role outside their expertise.

Widen mental health support for city’s youth beyond high-risk cases, adviser urges

Exco’s Dr Lam Ching-choi warns high-risk tags don’t always identify children in need, while tycoon Adrian Cheng says young philanthropists eager to help.

US$46.2 million penthouse sale in Mid-Levels sets a 2026 record

The sale at the luxury development is the highest price per square foot in a first-hand transaction so far this year.

Hong Kong developers rediscover pricing power amid firmer demand

Developers ‘no longer relying on discounted pricing to drive sales’, with popular projects recording double-digit increases, JLL says.

Tencent, Swire boost Hong Kong debt market with US$5.2b multi-currency deals

Investor appetite for Hong Kong debt is growing, with the offerings reinforcing the city’s role as a global bond hub.

NWD’s Pavilia Rosa project tests property market amid Hang Seng slump

Hong Kong developer’s Kowloon Tong project, to be sold on a ‘first come, first served’ basis on Friday, is a test of market sentiment.

Central Asia tipped to be Hong Kong’s next logistics hub: Airport Authority head

Chairman Fred Lam says flight disruptions in Middle East and Russia make region viable hub connecting Asia and Europe.

.css-1f6sr3w{color:#727272;}Exclusive | Hong Kong Golf & Tennis Academy patrons threaten legal action over club changes

Patrons lodge complaints over whether changes to clubhouse access breach promises tied to HK$2.68 million memberships.

Can Hong Kong airport’s Terminal 2 take off as 11 Skies, rivals pose challenges?

Experts say mixed-use complex must go beyond relying on passenger traffic and appeal to local market by matching offerings of city-centre malls.

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

Authority says it continues to communicate closely with New World about 11 Skies project, and is going ‘full steam’ ahead with development.

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

Source says delay of merger with Carlyle & Co follows meeting of HKGTA members.

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.

Exclusive | Hong Kong Golf & Tennis Academy patrons threaten legal action over club changes