- CEO
- Shao-Mei Huang
- Full Time Employees
- 10,500
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- New World Tower Central Hong Kong
- IPO Date
- Nov 18, 1996
- Business
- New World Development Company Limited (Hong Kong stock code: 00017; OTC: NDVLY), founded in 1970 and headquartered in Central, Hong Kong, operates as a leading investment holding company focused on property development and investment across Greater China, particularly the Greater Bay Area, with total assets of approximately HK$420.3 billion as at 30 June 2025 and investments spanning more than 21 regions in Mainland China. The Group develops and sells residential, office, retail, and industrial properties, including luxury projects under the Pavilia Collection such as THE PAVILIA FOREST, STATE PAVILIA, and DEEP WATER PAVILIA; invests in and leases commercial properties like K11 MUSEA and K11 Art Mall; manages hotels including Grand Hyatt Hong Kong, Hyatt Regency Hong Kong Tsim Sha Tsui, Hyatt Regency Hong Kong Sha Tin, and Renaissance Harbour View Hotel; operates department stores through its listed subsidiary New World Department Store China Limited; and provides infrastructure services, facilities management, contracting, transportation, loyalty programs, fashion retailing, media, technology, and other strategic operations serving individual buyers, investors, expatriates, and corporate clients. Wholly owning New World China Land Limited and formerly associated with NWS Holdings and Rosewood Hotel Group, the company in 2025 achieved its HK$26 billion contracted sales target early, launched strong-selling ultra-luxury residential projects generating nearly HK$10 billion including DEEP WATER PAVILIA's 574 units at HK$27,000 per square foot, revised Mainland China sales target to RMB14 billion driven by THE SILLAGE and CENTRAL PARK VIEW, signed a strategic partnership with Shanghai Huangpu District People's Government to develop Huaihai Road business district, initiated a HK$88.2 billion refinancing and US$1.9 billion perpetual bond/notes exchange offer for debt extension and liquidity enhancement, planned HK$13 billion in non-core asset disposals up from HK$8 billion prior year, and advanced Northern Metropolis and new construction projects with sales launches eyed for FY2027.