New World Development Achieves HK$26 Billion Sales Target, Showcases Strong Performance in Mainland and Hong Kong

Reuters
06-30
New World Development Achieves HK$26 Billion Sales Target, Showcases Strong Performance in Mainland and Hong Kong

New World Development Company Limited has reported significant progress in its property sales for the FY2024/2025, achieving its HK$26 billion contracted sales target by 25 June. In the Mainland, the company saw robust sales momentum, particularly with projects such as "THE SILLAGE" in Guangzhou, which ranked at the top in sales charts for the Liwan District and launched a successful "Property Upgrade Programme for Core Cities." This resulted in a 1.6 times year-on-year increase in visitation. The "Guangzhou Foshan New World Metropolitan Complex" also attracted significant interest, notably selling five exclusive villas to Hong Kong-based buyers during the "618" shopping festival, where sales volumes doubled. Moreover, the "PAVILIA COLLECTION" projects, including "THE PAVILIA FOREST" in Hong Kong's Kai Tak runway area, have been performing strongly, with over 580 units sold and achieving a transaction price close to HK$25,500 per square foot. The K11 ECOAST in Shenzhen, a cultural-tourism hotspot, saw a peak visitation of 300,000 visitors on the first day of the Labour Day holiday and has been enhancing its attractions with new retail brands and plans for an "Outdoor + Sports" carnival. In Hong Kong, the DEEP WATER PAVILIA project has topped sales and volume among luxury new developments on Hong Kong Island, highlighting New World Development's strong market presence and success in both the Mainland and Hong Kong property markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New World Development Co. Ltd. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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