Hong Kong's Most Artisanal Addresses
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About Us
New World Development Company Limited (“the Group”, Hong Kong stock code: 00017), a premium brand infused with a unique personality defined by The Artisanal Movement, was founded in 1970 and was publicly listed in Hong Kong in 1972. It is a constituent stock of the Hong Kong Hang Seng Index, with a total asset value of approximately HK$470.2 billion as at 31 December 2023. Our core business areas include investment in property and property development, and investment in and/or operation of hotels and other strategic businesses, boasting operations in Greater China, especially the Greater Bay Area.
About New World
New World Ecosystem
Leadership
Corporate Governance
Milestones
2024
Named one of TIME Magazine's Top 50 “World’s Most Sustainable Companies of 2024”
2024
Announced a strategic partnership with SOE Shum Yip Group Limited to jointly explore and develop the innovation and technology zone in Northern Metropolis and other real estate initiatives
2024
Signed the “Cooperation Agreement on Fanling North Project in Northern Metropolis” with SOE China Merchants Shekou Industrial Zone Holdings Co., Ltd. to jointly develop the commercial and residential project in the Fanling North New Development Area
2024
Completion of the sale of interest in D‧PARK mall and parking spaces
2023
New World Development and CR Land sign Hong Kong's first “Project Cooperation Agreement regarding Northern Metropolis”, joining forces to develop a residential project in the Northern Metropolis
2023
Completion of disposal of NWS Holdings Limited
2023
Eureka Nova organizes the third edition of “The 1.5°C Summit – The Defining Decade for Impact with Tech”, gathering over 1,000 industry players to discuss how technology can be used to tackle climate change
2023
New World Harbour Race 2023 is successfully held, featuring about 3,000 swimmers competing in a cross-harbour swim. The annual sports extravaganza also introduces Hong Kong’s first Harbour playpark, titled “FTLife Presents: #PowerUp on the Harbour”
2023
New World joins forces with four major corporations to create the first “Smart Community” in transitional housing project
2023
New World China, the flagship Mainland China property arm of NWD, successfully issues its first onshore commercial mortgage-backed securities (CMBS) on the Shenzhen Stock Exchange – the “CICC New World Yunmen Commercial Mortgage-Backed Special Plan”
2022
New World Harbour Race 2022 draws over 1,200 swimmers to compete in the Race.
2022
New World Development announces its newly appointed board members, boosting percentage of women on the board to over one-third of the total, the highest among local developers
2022
New World Development's open innovation platform Eureka Nova organises “The 1.5°C Summit – The Defining Decade for Impact with Tech”, gathering over 500 industry players to use technology to tackle climate change
2022
New World Development is the third real estate developer in Asia to receive the Science Based Targets initiative's approval of its near-term 1.5°C aligned science-based targets
2022
The subscription of New World Hangzhou Arts Centre, the Group’s flagship Mainland project, exceeds RMB7 billion in the first round of sales, breaking the registration record for the highest registration number for luxury residences in Hangzhou
2022
New World Development becomes the first non-financial corporate in Asia to issue a USD-denominated social and green dual tranche bond in the public bond markets
2022
Share for Good receives over HK$40 million in donations and supplies in the first phase of the initiative, benefiting over 100,000 underprivileged families in Hong Kong
2022
New World Development launches Hong Kong’s first large-scale crowd-donation platform Share for Good
2022
New World Development sponsors HKSAR Government with a total of more than half a million square feet of space at Phase 2 of the Hong Kong Convention & Exhibition Centre (HKCEC) as a storage and logistics centre for pandemic-related supplies
2022
New World Development joins forces with the Hong Kong unicorn, genetic and diagnostic health testing company Prenetics, to donate 200,000 COVID-19 rapid antigen test kits to Hong Kong’s underprivileged, combating the fifth wave of the epidemic
2021
New World Harbour Race marks its 10th anniversary, with about 1,200 swimmers joining the event
2021
New World Build for Good advocates the building of Hong Kong's first not-for-profit privately subsidised housing project
2021
New World Development launches non-profit social housing enterprise New World Build for Good, gathering industry experts to solve Hong Kong’s deep-rooted housing issues through creative thinking
2021
New World China Land secures Nanji Village Project in Haizhu District in Guangzhou
2021
New World Development launches the sales of THE PAVILIA FARM III and receives more than 30,500 registrations of intent from potential buyers, the highest number of registrations ever received for a residential project in Hong Kong Kong history
2021
Culture for Tomorrow, a non-profit organisation supported by New World Development, stages the immersive event “Discover the State Theatre in All of Us” for the public to relive the original glamour of the cultural icon The State Theatre, prior to its conservation
2021
New World hosts the first private sector job fair since the COVID-19 pandemic started, creating 1,000 opportunities amidst challenging times, and attracting over 10,000 applicants to the fair
2021
New World Development and K11 win four accolades in the leading regional property awards, MIPIM Asia Awards 2020, also known as the “Oscars of the Asian real estate world”. The awards are: Gold Award for Best Green Development – K11 ATELIER King’s Road; Gold Award for Best Retail Development – K11 MUSEA; Silver Award for Best mix-used Development – Victoria Dockside and Silver Award for Best Office Development – K11 ATELIER King’s Road
2021
Consortium formed by New World Development and other developers wins the tender for “The Southside” package 5 development atop MTR Wong Chuk Hang station
2021
New World China holds groundbreaking ceremony for Guangzhou South Railway Station International School Project
2021
New World China sets up headquarters in Guangzhou
2021
New World Development becomes the world’s first real estate developer to price a USD Sustainability-Linked Bond
2020
New World Development sells 74 units of the Grade A commercial building at No. 888 Lai Chi Kok Road, Cheung Sha Wan, in a week, with sales of over HK$1.3 billion
2020
New World Development and DBS Hong Kong complete Hong Kong’s first-ever interest rate swap linked to the United Nations Sustainable Development Goals (UNSDGs), taking a significant step forward on the journey to sustainability
2020
New World Development names its mixed-use development project at the Hong Kong International Airport development SKYCITY complex “11 SKIES”
2020
New World Development invests over HKD10 billion to develop a large-scale cultural retail destination in Shenzhen’s Prince Bay. The project has a GFA of 3.9 million square feet and is positioned next to the brand-new Shekou cruise terminal
2020
New World Development launches the sale of THE PAVILIA FARM I and attracts 22,700 registrations in the first round alone, making it HK’s most in-demand residential property, with the highest number of registrations since 1997
2020
New World Development announces plans for the conservation of Hong Kong’s 68-year-old State Theatre. Drawing on an elite team of local and international designers and artisans, the Group plans to restore, preserve and revitalize the Grade I historic site
2020
New World Group expands K11’s presence in Eastern China with a winning bid of RMB4,111 million for the Middle Huaihai Road land parcel in Shanghai’s Huangpu district
2020
New World Development officially launches "Made-in-HK" masks and distributes them to low-income families and underprivileged groups through "Mask To Go" dispensers at centres designated by non-profit organizations across all of Hong Kong’s 18 districts
2020
New World Development partners with local NGOs to launch “Mask To Go” dispensers in 18 districts across Hong Kong, distributing free “Made In HK” medical masks to low-income families
2020
New World Development announces that it will set up local mask production lines through its charity foundation to produce high-quality “Made In HK” masks to contribute to public health in Hong Kong
2020
In light of the global coronavirus outbreak, New World Development makes a donation of HK$10 million through the Group’s charitable foundation to set up a fund to combat the pandemic and pledges to provide anti-epidemic materials for community distribution
2020
New World Development becomes the first real estate company in Hong Kong to join the World Business Council for Sustainable Development (WBCSD)
2019
New World Development launches the sale of ATRIUM HOUSE
2019
New World Development launches the sale of TIMBER HOUSE
2019
New World Development launches the sale of ARTISAN GARDEN
2019
New World Development announces the creation of Hong Kong’s first property-purchase blockchain platform, in collaboration with Hong Kong Applied Science and Technology Research Institute Company Limited. Bank of China (Hong Kong) is the first bank to participate and apply the new platform to its services. First-time buyers will soon enjoy a fast and convenient user experience in the new era of Property-Purchase 2.0
2019
Commissioned by New World Development, the Avenue of Stars (AoS), one of the most popular attractions in Hong Kong, reopens on 31 January 2019, becomes a world-class waterfront destination for the locals and tourists alike to enjoy
2019
New World Development creates OnBoard, Hong Kong’s first social enterprise dedicated to helping athletes to start their own businesses and find work outside of their sports career
2018
New World Development wins a 25-year contract of Kai Tak Sports with the objective to promote future sport development in Hong Kong
2018
New World Development and NWS Holdings jointly announce the acquisition of FTLife Insurance for HK$21.5 billion in cash, entering the insurance industry for the first time
2018
HD Endoscopy Centre under HUMANSA healthcare brand opens branches in Central and Kwai Fong, offering patients professional one-stop advanced-technology endoscopy services
2018
New World Development and Tencent sign a memorandum of agreement to introduce WeChat Pay HK in New World-owned shopping malls in the Mainland
2018
New World China Land completes first US$310 million green bond offering to fund two green development projects in the Greater Bay Area
2018
New World Development launches HUMANSA, a holistic healthcare brand for mature adults and the silver hair market
2018
New World Harbour Race 2018 returns to the historical route for the second year, with 3,358 swimmers completing the race across Victoria Harbour
2018
New World Development announces the opening of its new flagship museum-retail complex, "K11 MUSEA", in Q3 2019, a world-class experiential art, culture, and retail landmark for global millennials
2018
New World Development launches the sale of FLEUR PAVILIA
2018
New World Development is awarded the tender for commercial development at SKYCITY, introducing the concept of experience-based entertainment to Hong Kong and the Greater Bay Area
2018
Official opening of K11 Atelier, the first phase of Victoria Dockside, and the first K11-branded Grade A office building
2018
New World Development launches a Green Finance Framework and is granted approval of a first green loan for investing in the group’s King’s Road commercial development project
2018
K11 is accredited as “One of China’s Top Ten Innovative Companies in 2018” by Fast Company
2017
Launch of “NewGen First Home Program” to support Young Self-owned Homebuyers
2017
Victoria Dockside opened its First Phase, the unparalleled K11 Atelier Office Tower
2017
Official launch of The Green Atrium – a sustainable green building and interactive learning centre created by NWD
2017
New World Harbour Race 2017 returns to the historical route with 2,940 swimmers completing the race across Victoria Harbour
2017
The first worldwide Gold-Level WELL Pre-certificate attained by New World Development’s redevelopment project in King’s Road, is upgraded to the first worldwide WELL Pre-certificate Platinum-Level
2017
New World Development launches the sale of THE PARKVILLE
2017
New World Development announces the building plan of “Victoria Dockside” – a 3-million-square-foot art and design district on the promenade of Hong Kong’s iconic harbourfront
2017
New World Development is awarded the tender for a commercial site at Lai Chi Kok Road near Cheung Shun Street in Cheung Sha Wan. Together with the Tonkin Street and King Lam Street sites, the Group has a gross floor area of more than 1.7 million square feet in Kowloon West for development
2017
New World Development launches the sale of MOUNT PAVILIA
2017
New World Development launches the sale of PARK VILLA
2017
New World Development is awarded “Employer of Choice” in recognition of the Group’s achievements in talent management
2017
New World Development launches the sale of THE PAVILIA BAY
2016
New World Group epitomises the spirit of The Artisanal Movement as it sweeps up “HR Grand Winner” and eleven other
2016
A record number of 2,734 participants with Rio Olympic swimmers from Hong Kong and overseas took part in New World Harbour Race 2016
2016
New World Group Exemplifies Bespoke Craftsmanship by Attaining the First WELL Pre-Certification world wide
2015
New World Harbour Race 2015 celebrates 5th anniversary with record number of 2,330 swimmers
2015
New World Group Organises the first Qianhai - Shenzhen - Hong Kong Athletics Carnival
2014
Rosewood Beijing, the first Rosewood property in Mainland China, opens
2014
K11 marks its fifth anniversary
2014
New World Development releases its first Sustainability Report
2013
New World International Triathlon, the first urban triathlon held in Hong Kong, was staged on 1 December 2013.
2012
New Year．New World - Hong Kong Countdown Celebrations ushers in the New Year with hundreds of thousands of spectators on both sides of Victoria Harbour.
2012
New World Group launches New World Swimming Academy to nurture under-resourced children.
2011
New World Group announces its full support to New World Harbour Race, an iconic sporting event organised by the Hong Kong Amateur Swimming Association after a 33-year hiatus.
2009
K11, the world's first art mall developed by New World Development celebrates its grand opening.
2004
With a $40-million construction cost sponsored by New World Group, Avenue of Stars, a tourist attraction honouring outstanding professionals of Hong Kong's movie industry, is officially opened.
2003
After completion of a reorganisation, PPC is renamed NWS Holdings Limited with a brand new logo created to represent a new era for the company.
1999
New World Services Limited sets up New World First Ferry Services Limited and purchases 14 ferry vessels, a depot at Cheung Sha Wan, together with the operation rights of eight ferry routes from The Hong Kong Ferry (Holdings) Company Limited and The Hongkong and Yaumatei Ferry Company Limited.
1998
New World First Bus Services Limited receives a 5-year franchise to operate bus routes and commences its service.
1994
New World Department Stores (Holdings) Limited opens its first store in Wuhan.
1989
Hong Kong Convention and Exhibition Centre is officially opened by HRH Prince Charles, The Prince of Wales.
1989
New World Group starts its infrastructure business in Mainland China by participating in the construction of Guangzhou City Northern Ring Road.
1980
Phase Two of the New World Centre is completed.
1980
New World Development’s participation in China Hotel Guangzhou, marks the beginning of New World’s investment in Mainland China property market.
1976
New World Development acquires and sets up its head office at the then American International Tower at 18 Queen's Road Central. American International Tower was renamed as New World Tower on 1 January 1980.
1975
City One Shatin, a residential project comprising 53 towers, is completed.
1970
New World Development Company Limited is established to venture into property development. Dr Ho Sin Hang is elected Chairman of the Company, while Dr Cheng Yu Tung is appointed Director and General Manager. Chow Tai Fook Enterprises Limited is the Company's largest shareholder.
Awards and Recognitions
The Marketing Events Awards 2024 Hong Kong
Organiser: Marketing Interactive
TIME Magazine's Top 50 "World’s Most Sustainable Companies of 2024"
Organiser: TIME Magazine & StatistaGroup Links
New World Department Store China Limited
(Hong Kong stock code: 00825)
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New World China Land Limited
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K11 Concepts Limited
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Youth Square
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