Recently, New World Development has been in the news for its involvement in various property development projects in Hong Kong, including the construction of luxury residential buildings and commercial complexes. The company has also been actively expanding its presence in the hospitality sector, with the opening of new hotels and the renovation of existing properties to cater to the growing tourism industry in the region.
Established on 29 May 1970 by Cheng Yu-tung, New World Development Company Limited (NWD) is a prominent Hong Kong-based conglomerate with interests in property development, infrastructure, department stores, and hotels. The company is listed on the Hong Kong Stock Exchange and has a strong reputation for its innovative and sustainable approach to real estate projects. With a focus on creating vibrant and sustainable communities, NWD has played a significant role in shaping the urban landscape of Hong Kong and has expanded its operations internationally to become a key player in the global property market.