---
title: "New World continues to rise 12%, reaching a new high in over a year; its parent company's Rosewood Hotels is rumored to be up for sale"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272927452.md"
description: "New World Development's stock price rose 12.08%, reaching a new high in over a year, currently reported at HKD 10.67. Last week, there were reports that Marriott International planned to acquire its parent company Chow Tai Fook Enterprises' Rosewood Hotels, but Rosewood Hotels reiterated that it is not for sale. Institutional analysis pointed out that New World Development's asset disposal progress is better than expected, and its core leasing business is performing steadily, supporting an increase in its fair value. Morgan Stanley believes that the Hong Kong property market has entered an upward cycle, expecting property prices to rise at least 10% this year"
datetime: "2026-01-19T02:17:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272927452.md)
  - [en](https://longbridge.com/en/news/272927452.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272927452.md)
---

# New World continues to rise 12%, reaching a new high in over a year; its parent company's Rosewood Hotels is rumored to be up for sale

New World Development (00017.HK) has seen significant increases in recent days. This morning (19th), it opened flat and surged in the early session, reaching a high of HKD 10.78, the highest level since October 2024. It is currently reported at HKD 10.67, up 12.08%, with a trading volume of 24.8265 million shares, involving HKD 257 million.

Last week, there were reports that the international hotel group Marriott International planned to acquire the Rosewood Hotels under New World's parent company Chow Tai Fook Enterprises. However, Rosewood Hotels reiterated that the group and brand are not for sale. Previously, some institutions analyzed that New World Development's asset disposal progress is better than expected, and its core leasing business is performing steadily, supporting an upward adjustment of New World's estimated fair value.

Morgan Stanley believes that the local property market has entered a rising cycle for several years, and the market is underestimating the speed of property price increases, which are expected to rise by at least 10% this year, with the increase mainly concentrated in the first half of the year and a comprehensive upward trend

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