New World Development
New World mulls fee to avoid US$9 billion rent for 11 Skies mall project
The payment will cover some of the developer’s long-term rental obligations with Hong Kong’s Airport Authority
Blackstone drops US$4 billion New World deal over control clash
Billionaire Chengs might forgo a deal by injecting capital through a rights issue instead
New World weighing sale of stake in US$2 billion HK hotel portfolio: sources
The potential buyers include Aravest, a Sumitomo Mitsui Finance & Leasing-backed real-estate manager
Hormuz crisis spurs Thailand to fast-track long-standing landbridge project
The plan involves linking two new seaports via a rail and road network across Thai’s southern peninsula
New World’s once-hot luxury development returns at a cut price
Some of the larger, premium apartments are being offered via tender, a method that can help fetch higher prices
Hong Kong’s New World clan bets on property rebound for lifeline
The territory’s housing prices are forecast to climb as much as 15% this year, with prime mall rents up by 5%
New World’s top shareholder seeks to refinance HK$7.3 billion loan
The company is in preliminary discussions with banks for a potential five-year facility
Blackstone talks on US$4 billion New World deal stall over control
The property firm is one of Hong Kong’s “Big Four” property developers
Blackstone in advanced talks to be New World Development’s largest shareholder
Under the proposed deal, the US company would be able to restructure the embattled developer
Hong Kong builder New World makes progress escaping distress
The company still faces a barrage of challenges
