Hong Kong developer New World Development (NWD) is offering 28 units of its Pavilia Rosa project in Kowloon Tong for sale on Friday. This move is seen as a test of market sentiment and demand in the city's residential property sector amidst a slumping Hang Seng Index.

New World Development has successfully sold all available flats in its rebuilt luxury property project.

Discussions between Blackstone and New World for a $4 billion deal have reportedly stalled due to disagreements over control, impacting the potential acquisition.

The authority managing Hong Kong International Airport has reportedly taken over the retail and entertainment operations of 11 Skies from New World Development ahead of the second passenger terminal's opening.

Hong Kong’s New World Development has shelved its plans to acquire the remaining stakes in three commercial sites in Causeway Bay, indicating continued caution among developers despite signs of improving market demand.

New World Development has reported a 50% decline in revenue, indicating a slowdown in its debt reduction efforts.

New World Development is reportedly weighing the sale of a stake in its $2 billion hotel portfolio in Hong Kong, as part of a strategic review of its assets.

Adrian Cheng Chi-kong, former heir apparent to New World Development, plans to increase his tech investments and spend more time in mainland China, focusing on sectors like artificial intelligence, in line with China's 5-year plan.