New World Development

New World, Ares cut Hong Kong office tower unit prices up to 57%

2026-06-29T03:17:33.000Z
The negotiations are the latest chapter in the long-running saga of the 11 Skies project, which has become a stumbling block for New World.

New World mulls fee to avoid US$9 billion rent for 11 Skies mall project

2026-05-19T01:27:15.000Z
Blackstone has informed New World Development of its decision, ending a protracted year-long negotiation that stalled in recent months.

Blackstone drops US$4 billion New World deal over control clash

2026-05-13T09:53:04.000Z
New World is expected to pocket about US$300 million in cash after netting off debt, a source said.

New World weighing sale of stake in US$2 billion HK hotel portfolio: sources

2026-05-05T08:38:14.000Z
The project may allow vessels to avoid the congested Malacca Strait, shorten transit times by an average of four days, and cut shipping costs by about 15%.

Hormuz crisis spurs Thailand to fast-track long-standing landbridge project

2026-04-20T11:27:18.000Z
Hong Kong’s residential market has shown signs of recovery after interest rates began easing last year and as mainland Chinese buyers returned.

New World’s once-hot luxury development returns at a cut price

2026-04-17T01:07:59.000Z
New World Tower, the headquarters of New World Development. The developer's debt crisis stems from an ill-timed expansion that resulted in it racking up about HK$212.4 billion in total liabilities.

Hong Kong’s New World clan bets on property rebound for lifeline

2026-03-20T09:05:01.000Z
CTFE’s refinancing push comes as talks have stalled between the Cheng family and Blackstone over a potential capital injection for New World.

New World’s top shareholder seeks to refinance HK$7.3 billion loan

2026-03-16T11:37:21.000Z
The family of tycoon Henry Cheng holds about a 45% stake in New World and effectively runs the property firm.

Blackstone talks on US$4 billion New World deal stall over control

2026-03-04T03:38:58.000Z
Blackstone’s interest in New World is a sign of the changing mood in Hong Kong’s beleaguered property market.

Blackstone in advanced talks to be New World Development’s largest shareholder

2026-01-29T10:41:44.000Z