New World Development recently began work on its second K11 commercial project in Shanghai, breaking ground on a 17,171 square metre (184,827 square foot) site in the heart of the Middle Huaihai Road shopping district, according to a company press… Read More>>
In today’s roundup of regional news headlines, Louis Vuitton and Fendi shops in Hong Kong’s Times Square close for good after a tussle over rents, and the brother-sister team in charge of New World Development and its hotel unit Rosewood… Read More>>
New World Development has added a Shanghai project to its mainland commercial portfolio, winning an uncontested land auction for a site on Huaihai Road with a RMB 4.1 billion ($590 million) bid, according to an official announcement today.
The land… Read More>>
Adrian Cheng, heir to a $20.7 billion family fortune, has been named as executive chairman of Hong Kong-listed property group New World Development’s mainland China arm.
New World’s wholly owned subsidiary, New World China Land, said in an announcement that… Read More>>
A Hong Kong-based fund manager leads the way in Mingtiandi’s roundup of real estate headlines today with the news of a A$45 million transaction down under, while a S$2 billion collective-sale flop in Singapore adds another duck to a litany… Read More>>
Property aristocracy rubbed shoulders with pop royalty in Hong Kong earlier this week when Adrian Cheng schmoozed with superstar Pharrell Williams at the pre-launch unveiling of K11 ARTUS, the real estate scion’s brand of serviced apartments for cultural creatives at… Read More>>
His grandfather passing just a few months ago and his father ill, heir apparent to the New World Development throne, Adrian Cheng Chi-Kong, led his first earnings briefing for the $54 billion Hong Kong real estate developer last week, reporting… Read More>>