New World Development Co., the cash-strapped property developer, is in talks to sell its 50% stake in a portfolio of three Hong Kong hotels valued at $2 billion, people familiar with the matter said.
New World Development Co., the cash-strapped property developer, is in talks to sell its 50% stake in a portfolio of three Hong Kong hotels valued at $2 billion, people familiar with the matter said.
The Grand Hyatt hotel in Hong Kong. Photographer: Jayne Russell/AFP/Getty Images
New World Development Co. sold out all the flats in the first phase of its Pavilia Farm III residential project in Hong Kong, according to the developer.
New World Development Co. sold out all the flats in the first phase of its Pavilia Farm III residential project in Hong Kong, according to the developer.
Residential and commercial buildings are seen from Victoria Peak in Hong Kong, China, on Monday, Sept. 11, 2017. Hong Kong stocks fluctuated on Sept. 12 as automakers extended gains driven by China's plan to phase out fossil-fuel vehicles, while banks and property companies weighed on the benchmark index. Photographer: Billy H.C. Kwok/Bloomberg
Unwilling to cede control over New World Development Co., Hong Kong’s billionaire Cheng family is now betting on the revival of the city’s property market and mulling options like a public share sale to meet the embattled developer’s debt obligations.
Unwilling to cede control over New World Development Co., Hong Kong’s billionaire Cheng family is now betting on the revival of the city’s property market and mulling options like a public share sale to meet the embattled developer’s debt obligations.
New World Development Co.’s shares and bonds surged after people familiar with the matter said Blackstone Inc. is in advanced talks to become the single largest shareholder of the Hong Kong developer.
New World Development Co.’s shares and bonds surged after people familiar with the matter said Blackstone Inc. is in advanced talks to become the single largest shareholder of the Hong Kong developer.
The K11 Musea shopping mall at the Victoria Dockside commercial complex, developed by New World Development Co., in Hong Kong, China.
New World Development Co., the Hong Kong property firm that’s become emblematic of the city’s efforts to shake off a property slump, has rallied on steps to shore up liquidity.
New World Development Co., the Hong Kong property firm that’s become emblematic of the city’s efforts to shake off a property slump, has rallied on steps to shore up liquidity.
The Victoria Dockside commercial complex, developed by New World Development Co., right, in Hong Kong, China, on Friday, July 4, 2025. Hong Kong developer New World is returning to the spotlight this month as investors’ focus turns to its plan to raise as much as $2 billion through a new loan, just days after closing a record refinancing deal.
New World Development Co. is racing to offload at least one asset by the end of June to meet its self‑imposed HK$27 billion ($3.5 billion) sales target and generate positive cash flow, according to people familiar with the matter.
New World Development Co. is racing to offload at least one asset by the end of June to meet its self‑imposed HK$27 billion ($3.5 billion) sales target and generate positive cash flow, according to people familiar with the matter.
New World Development Co. shares surged 16% to the highest level in two years on bets the company’s parent may boost its support for the troubled developer.
New World Development Co. shares surged 16% to the highest level in two years on bets the company’s parent may boost its support for the troubled developer.
Goldman Sachs Group Inc. has sought to purchase a portion of New World Development Co.’s loans at a discount, an indication of how one potential investor would value the debt of a builder that’s become a poster child of Hong Kong’s property woes.
Goldman Sachs Group Inc. has sought to purchase a portion of New World Development Co.’s loans at a discount, an indication of how one potential investor would value the debt of a builder that’s become a poster child of Hong Kong’s property woes.
The Deep Water Pavilia project, developed by New World Development Co., in Hong Kong, China. Photographer: Lam Yik/Bloomberg
Hong Kong developer New World Development Co., the poster child of the city’s distressed property sector, received a small increase in bondholder support for its debt swap plan as a second early bird deadline closed, a filing showed.
Hong Kong developer New World Development Co., the poster child of the city’s distressed property sector, received a small increase in bondholder support for its debt swap plan as a second early bird deadline closed, a filing showed.
The Deep Water Pavilia project, developed by New World Development Co., in Hong Kong, on June. 7. Photographer: Lam Yik/Bloomberg
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