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New World Development
TOPIC
 / company

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
A view of Shanghai K11 Art Mall. Photo: Handout
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Hong Kong’s New World gets nod to spin off K11 Shanghai assets

Shanghai listing of Reit worth US$570 million will ‘recycle capital for more value-accretive projects’, analyst says.

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Hong Kong culture

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.

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Members of the public queue up for the “Yayoi Kusama: 1945 to Now” exhibition at the M+ museum in 2022. Photo: Yik Yeung -man
Yayoi Kusama's “Pumpkin: big” exhibited in Hong Kong in 2018. Photo: Felix Wong
“Dots Obsession - Aspiring to Heaven’s Love”, part of the “Yayoi Kusama: 1945 to Now” show at the M+ in 2022. Photo: May Tse
Yayoi Kusama’s “Flowers That Speak About My Heart Given To The Sky” at an auction preview in Wan Chai in 2023. Photo: Jonathan Wong
An abstract work, titled “Infinity”, by Yayoi Kusama. Photo: Eugene Lee
Hong Kong property

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

Despite the brighter residential market outlook, commercial real estate continues to be weighed down by a lack of demand in non-core areas.

Hong Kong economy

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

New land disposal model pairing developers and industrial operators demands longer paybacks, with implications for smaller firms, experts say.

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China’s private sector

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.

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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.

Hong Kong property

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 property

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.

The latest prices at Sino Land’s La Mirabelle project in Tseung Kwan O, pictured on April 19, were about 10 per cent higher than nearby projects in January 2025. Photo: Jelly Tse
Banking & finance

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.

Tencent has unveiled a dual-currency bond package worth US$2.45 billion in US dollar notes and 15 billion yuan (US$2.2 billion) in offshore yuan notes. Photo: Reuters
Hong Kong property

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.

Hong Kong economy

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.

Hong Kong economy

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.

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

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.

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Illustration: Lau Ka-kuen
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.

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.

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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.

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

19
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.

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.

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

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.

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.

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.

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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.

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.

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.

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.

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