Airport Authority is looking for a developer to undertake and complete the work at 11 Skies as it prepares to take back the ...

New World Development is exploring a potential sale of its flagship 11 Skies retail complex near Hong Kong International ...

Hong Kong can weather a default by New World but, before it comes to that, the Cheng family, which owns 45% of the company, could step up as a lender of last resort. That will be a fitting outcome ...

New World is liable to pay Hong Kong’s Airport Authority HK$1.8 billion annually in a minimum guaranteed rental from 2028.

Hong Kong remains a buyer's market, with unsold inventory at 28,000 units as of March, according to government data. That is about a third higher than the 21,208 sold in 2019, one of the city's ...

HONG KONG (Reuters) -New World Development, one of the biggest property developers in Hong Kong, reported an interim net loss of HK$6.63 billion ($852.45 million) on Friday, following a prolonged ...

Shares of New World Development, controlled by Hong Kong’s billionaire Cheng family, dropped almost 6.5% on Monday after the debt-laden property developer deferred interest payments on several ...