New World Development Company Limited (“New World Development” or the “Group”, Hong Kong Stock Code: 00017) continues to strengthen the development of its core property business. Following last year’s residential projects, including those in Fanling’s Ma Sik Road and Yuen Long South, construction has recently commenced on the Group’s new international commercial-residential project on Hankow Road in Tsim Sha Tsui. The project will offer a diversified property mix, including residential, retail, and hotel components. It is expected to launch as early as next year, meeting strong demand among professionals for premium properties in core urban areas for both purchase and leasing.