New World Development Company Limited (“New World Development” or “NWD”) and China Merchants Shekou Industrial Zone Holdings Co., Ltd. (“China Merchants Shekou”) are jointly developing the first-ever commercial and residential project under the PAVILIA COLLECTION in the Northern Metropolis, with its groundbreaking ceremony held today. The project complements the development of the boundary commerce zone and emerging industries base, and is expected to provide approximately 2,300 residential units. It is set to create synergies with the San Tin Technopole while also accelerating the release of farmland value.