New World Development Business Update – November and December 2025
New World Development Company Limited (“New World Development” or the “Group”, Hong Kong Stock Code: 00017) has been actively pursuing development opportunities in the Northern Metropolis and unlocking its agricultural land value. This year, the Group commenced construction on two large-scale residential projects in the area, which will offer approximately 3,000 residential units. The projects are scheduled for launch in the fiscal year 2027, injecting growth momentum into the Group’s future business development.
Hong Kong Business
Ample land bank for short-, medium- and long-term development, with quick-turnover strategy
The Group currently holds approximately 15 million square feet of site area in its agricultural land bank, much of which is situated in prime locations in the Northern Metropolis. Following the land exchange for the Ma Sik Road project in Fanling and the Yuen Long South project, the Group has continued to accelerate the conversion of its agricultural land bank to unlock its full development potential. Over 2 million square feet of attributable gross floor area is scheduled for land exchange over the next one to two years. This includes the second site in the Yuen Long South residential project and the Lam Hau Tsuen project in Yuen Long, supporting the Group’s short-, medium- and long-term business growth.
Capitalising on excellent geographical advantages, such as well-developed transportation and infrastructure, the Group has made significant progress in converting its agricultural land bank. Earlier this year, two large-scale residential projects in the Northern Metropolis commenced construction, including a large-scale commercial and residential project on Ma Sik Road, Fanling. Jointly developed by New World Development and China Merchants Shekou Industrial Zone Holdings Co., Ltd., the project spans a gross floor area of over 1.1 million square feet and will provide approximately 2,300 residential units, along with the largest shopping mall in the district. Additionally, the first residential site in Yuen Long South, jointly developed by New World Development and China Resources Land (Overseas) Limited, recently commenced construction. The project will provide nearly 280,000 square feet of gross floor area and approximately 700 residential units, injecting fresh vitality into the Northern Metropolis development.
All 63 units at AUSTIN BOHEMIAN sold out at launch with the highest prices reaching nearly HK$27,000 per sq. ft
In property sales, the Group has continued to implement its quick-turnaround strategy. The latest offering, AUSTIN BOHEMIAN, a stylish landmark development situated near the West Kowloon High-Speed Rail and cultural hub, launched 63 units in December. All units were sold on the first day, with the highest transaction price reaching nearly HK$27,000 per square foot. The project benefits from excellent transportation connectivity, being close to MTR Austin Station, Jordan Station and the Hong Kong West Kowloon High-Speed Rail Station, making it ideal for those travelling between Hong Kong and the Chinese Mainland. Additionally, STATE PAVILIA, the large-scale, world-class heritage residence located in the heart of Hong Kong Island, achieved a full sell-out of all 388 units in December, generating over HK$4.2 billion in total sales and setting a new record for the project, with prices per square foot reaching up to HK$51,000.
Chinese Mainland Business
Shenzhen K11 ECOAST presented Hong Kong Disneyland 20th anniversary theme exhibition
As the year-end festivities approach, K11 projects are hosting a flurry of activities. K11 ECOAST and Hong Kong Disneyland are jointly presenting the first Shenzhen exhibition of Hong Kong Disneyland’s 20th anniversary theme exhibition, bringing magical experiences to consumers. Disney friends, including Mickey Mouse, Minnie Mouse, LinaBell and CookieAnn, made their appearance on 14 December, meeting and interacting with consumers. The event will continue through Chinese New Year.
Additionally, New World’s flagship charity event, “The 6th Enchanted Starry Bazaar & 2026 New Year Charity Concert”, was held at Hanxi K11 on 27 and 28 December. Proceeds from the event will support children in need.
Shenyang K11 created a city-wide IP event—the inaugural Shenyang Dessert Festival. The event was held over Thanksgiving from 27 to 30 November, bringing together more than 60 renowned dessert brands from across the nation and offering over 1,000 popular desserts, including Shenyang-exclusive delicacies. It attracted over 200,000 visitors in total, achieving double-digit growth in both footfall and sales.
Wuhan Guanggu K11 targets the youth market by launching the first Blizzard-themed pop-up store in the Central China region, debuting global limited-edition merchandise from popular games such as World of Warcraft, Hearthstone, and Overwatch. The mall has also transformed into the “Home Court for Esports”, hosting several gaming tournaments and creating a platform for professional esports players and varsity teams to compete. This series of exciting activities was extremely well received by Gen Z consumers, driving a 16% year-on-year increase in the mall’s footfall in December and achieving a membership conversion rate as high as 60%.
In property sales, the Group’s projects in South China have maintained strong momentum following the “Golden Month” after National Day. THE SILLAGE, a landmark located in the Bai'etan CBD in Guangzhou, NEW METROPOLIS MANSION, located in Guangzhou’s Panyu Wanbo CBD, and Shenyang THE PARKSVILLE have all maintained robust sales performance. Notably, Shenyang THE PARKSVILLE ranked first in private residential sales in the district’s sub-area, maintaining its leading position in the market.
Sustainability Performance
Supporting the development of environmental professionals and built environment carbon reduction in Hong Kong
Following its recent success in securing two awards from the Hong Kong Management Association (HKMA) and the Hong Kong ESG Reporting Awards (HERA), New World Development joined more than 40 organisations on 19 November at the 10th Anniversary Pledge Ceremony of the Hong Kong Institute of Qualified Environmental Professionals (HKIQEP). This participation further underscores the Group’s sustainable business approach (SV2030+), demonstrating its ongoing commitment to cultivating a pipeline of environmental professionals for both the company and the broader Hong Kong industry. Since 2017, New World Development has officially recognised HKIQEP professional membership qualifications and has actively encouraged its employees to pursue them. Through these efforts, the Group continues to raise industry standards and foster a more robust community of environmental professionals.
New World Development also supported the launch of the Third Edition of “Climate Change Framework For Built Environment”. As to strengthen the Group’s organisational resilience as a property developer, we are committed to obtaining sustainable building certifications for new and existing investments by FY2030, which help advance Hong Kong’s Climate Action Plan 2050, driving the city toward carbon neutrality and achieving net-zero emissions.
As for the Group’s large-scale integrated development in Hangzhou, the New World Arts Centre has gained international recognition, winning two prestigious awards: a Platinum Award at the 2025 Outstanding Property Award London and an Honourable Mention at the 2025 Architecture MasterPrize. The project has been globally acclaimed by industry players for its innovative concept, which integrates culture, art, and sustainability.