Hong Kong developer, struggling with US$16 billion in debt, prices 88 units at HK$18,540 per square foot on average, an eight-year low for the area.

Signs of credit stress are mounting at New World Development Co. as the Hong Kong real estate developer pledges some of its most-prized assets for loans and brokers pull back from financing the ...

(Reuters) - Hong Kong property developer New World Development said on Monday it had not started any discussions with creditors regarding a proposal to restructure its existing debt. The embattled ...

(Reuters) - Hong Kong-based property developer New World Development said on Thursday that it continues to carry on business as usual, following "media rumours" about its operations and financial ...

Hong Kong-based New World Development faced renewed speculation on Thursday as Bloomberg reported on a potential bond default, after the property developer clarified earlier in the day that it ...

New Global Headquarters at Champion Tower In February 2025, VEGA will relocate its global headquarters to Champion Tower in ...

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes ...