TacticScaleWhat New World Development Does & How It Makes Money (0017.HK)
Updated October 2026 · reflects New World Development's latest reported financials
Hong Kong property developer and landlord with hotels and retail. It earns money mainly by selling developed properties and collecting rent from its office, retail, and industrial holdings.
How New World Development makes money
It earns money mainly by selling developed properties and collecting rent from its office, retail, and industrial holdings. Hotels, department stores, and fees from management, construction, and other services add further income.
What New World Development does
New World Development, founded in 1970 and headquartered in Central, Hong Kong, is a diversified real estate group operating in Hong Kong and Mainland China. Its core business is developing and investing in property, including residential, retail, office, and industrial assets. It also owns and operates hotels. Beyond property, the group runs shopping malls, department stores, club houses, golf and tennis academies, a sports park, and the Skycity complex, along with a loyalty program and fashion retail. A range of supporting businesses, including construction, property management, estate agency, project management, and financial and consultancy services, round out the company.
Products & services
- Residential property development
- Shopping malls and office leasing
- Hotel properties
- Department stores
- Skycity complex
- Property management and construction services
What is New World Development worth?
A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.
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