New World Development Company Limited (“New World Development” or “the Group”, Hong Kong Stock Code: 00017) has actively promoted the development of its property business, achieving continuous growth in both Hong Kong and Mainland China. The total contracted sales year-to-date amounted to approximately HK$24.8 billion, representing over 95% of the Group’s annual sales target. The ultra-luxury residential project “DEEP WATER PAVILIA” on Hong Kong Island South successfully sold 19 units by tender within three days, generating over HK$1.1 billion in cash and setting three new records in the ultra-luxury residential market.