Corporate

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$593.5 billion as at 31 December 2019. Our core business areas include investment in property and property development, and investment in and/or operation of roads, commercial aircraft leasing, construction, insurance, hotels and other strategic businesses, boasting operations in Greater China, especially the Greater Bay Area.

About New World

Core Business

Leadership

Corporate Governance

Milestones

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

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

A record number of 2,734 participants with Rio Olympic swimmers from Hong Kong and overseas took part in New World Harbour Race 2016

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, the first Sino-foreign joint-venture hotel in Mainland China, 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.

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Awards and Recognitions

Good MPF Employer 2014-15

Organiser: Mandatory Provident Fund Schemes Authority

MIPIM Asia Awards 2020

Organiser: Reed MIDEM
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Group Links

NWS Holdings Limited
(Hong Kong stock code: 659.HK)
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New World Department Store China Limited
(Hong Kong stock code: 825.HK)
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New World China Land Limited
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New World Strategic Investment Limited
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K11 Concepts Limited
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New World TMT Limited
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Youth Square
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We Create, We Are Artisans The Artisanal Movement is a cultural vision, a philosophy for living. In the age of machines, we want to celebrate something more human and kindle the artisan spirit in us. Through Collect, Connect, Collide, The Artisanal Movement becomes an incubator for ideas, and a channel for audiences to experience them.