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Developers in Hong Kong are testing the housing market’s recovery by nudging prices up or paring discounts as improving sentiment and a rebound in transactions boost confidence in the city’s property sector.

SCMP

HANG LUNG GROUP

CHINA OVERSEAS

SWIREPROPERTIES

HK FERRY (HOLD)

CH OVS G OCEANS

SHK PPT

NEW WORLD DEV

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Yinhua CSI Interior Real Estate Theme ETF

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TST PROPERTIES

Hong Kong developers test pricing power amid home-market recovery

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New World Development's Tsim Sha Tsui project, The Avenue, will announce its sales arrangements within the day, with sales set to take place next week. The developer revealed that the sales arrangements will cater to large buyers purchasing entire floors, and will also reserve units for individual buyers. Additionally, if registrants have previously submitted applications for "The Bond" and "The One," they can submit an additional expression of interest for purchasing a unit this time

AASTOCKS

Hwabao WP CSI 800 Real Estate ETF

The new project in Tsim Sha Tsui, Zhenyue, will announce its sales arrangements today and confirm the launch next week

159940

New World to Begin Selling Last Batch of Units in Grand Austin Bohemian Project

marketscreener

GF CSI All Share Financials ETF

New World to Begin Selling Last Batch of Units in Grand Austin Bohemian Project

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The Hong Kong stock ADR is expected to open 77 points lower this morning, reporting at 25,244 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH Holdings (premium 0.41%), CLP Holdings (premium 0.06%), HK & China Gas (premium 2.46%), Wharf Holdings (premium 1.53%), HSBC Holdings (premium -0.13%), Power Assets (premium -2.80%), PCCW (premium -3.08%), Hysan Development (premium 0.32%), SUN HUNG KAI CO (premium 0.16%), NEW WORLD DEV (premium 9.66%), Swire Pacific A (premium 0.47%), BANK OF E ASIA (premium 5.77%), GALAXY ENT (premium -6.07%), HANG LUNG PPT (premium 4.65%), Geely Automobile (premium -20.61%), CITIC Limited (premium -1.88%), CATHAY PAC AIR (premium 1.86%)

CKH HOLDINGS

HSBC HOLDINGS

SUN HUNG KAI CO

CATHAY PAC AIR

BANK OF E ASIA

POWER ASSETS

HK & CHINA GAS

GALAXY ENT

SWIRE PACIFIC A

PCCW

WHARF HOLDINGS

The Hong Kong stock ADR is expected to open 77 points lower this morning, reporting at 25,244 points

New World Development Co. (OTCMKTS:NDVLY) experienced a significant increase in trading volume, with 18,251 shares traded, up 129% from the previous session. The stock is currently priced at $0.4969, down 14.7% from its last close of $0.5823. The company, based in Hong Kong, focuses on property development and investment, and has a strong financial position with a current ratio of 4.89 and a debt-to-equity ratio of 0.70. Analysts currently rate the stock as a Hold, but suggest other stocks may be better investments.

Market Beat

New World Development (OTCMKTS:NDVLY) Sees Strong Trading Volume  - Here's What Happened

New World Development launched the last 34 units at The Harbourside in Tsim Sha Tsui, with prices starting from HKD 4.086 million. This release includes 10 studio units and 24 one-bedroom units, with usable areas ranging from 171 to 266 square feet, and prices ranging from HKD 5.108 million to HKD 8.542 million. After a maximum discount of 20%, the net selling price is HKD 4.086 million to HKD 6.833 million, with a net price per square foot between HKD 19,183 and HKD 25,785

"The Hong Kong Building" New World Tsim Sha Tsui Zhenyue launches the last 34 units with a discounted price starting from HKD 4.086 million

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The Huangzhukeng "Yuchen" project, jointly developed by New World Development and others, will reduce discounts next week, effectively increasing prices by 2.5%. A total of 777 units have been sold, with remaining one-bedroom and two-bedroom units available for sale. The new price list will lower the discount for the "120-day payment plan" from 8% to 5.5%, with the new arrangement taking effect on the 9th. There are also plans to raise the bidding intention prices for three-bedroom and four-bedroom units

NWDS CHINA

In "Hong Kong Property," New World Huangzhukeng "Yucheng" reduces discounts, effectively increasing prices by 2.5%. Three and four-bedroom units are expected to raise prices for bidding

BXMT

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Blackstone Group's negotiations with New World Development have encountered obstacles due to the Cheng family’s unwillingness to relinquish control. Blackstone proposed to invest approximately $2.5 billion into a special purpose vehicle to become the largest shareholder, while the Cheng family plans to invest between $1 billion and $1.5 billion. The progress of negotiations has slowed as the Cheng family explores deals with other investors. New World stated that it has not reached any agreements with potential investors

Tasty Money

Blackstone MortgageTrust

Blackstone

Yinhua MSCI China A ETF

According to reports, Blackstone's investment negotiations with New World have encountered obstacles, as the Cheng family is unwilling to relinquish control

Blackstone's Talks With New World Development Stalled Over Control

Blackstone's Talks With New World Development Stalled Over Control

REET

March 4 (Reuters) - Private equity firm Blackstone’stalks with New World Developmenthave stalled as the Cheng family, which runs the Hong Kong property developer, is resisting giving up control, Bloomberg News reported on Wednesday, citing people familiar with the matter.Reuters could not immediately verify the report.

Reuters

iShares Global REIT

Pro Gbl Listed Pvt

FlexShares Glbl Quality Real Estate ETF

iShares US Real Estate ETF

SPDR Dow Jones REIT ETF

Vanguard Real Estate ETF

WisdomTree New Economy Real Estate Fund

Real Est Select Spdr

Schw Us Reit

Blackstone talks on $4 billion New World Deal stall over control, Bloomberg News reports

$NEW WORLD DEV(00017.HK)HSBC Global Research has lowered the target price of New World Development (00017) for two consecutive months, from HK$4 last month to HK$3.66. HSBC's report pointed out that investors focused on New World's financial and debt reduction progress. Although a breakthrough in refinancing or deleveraging could benefit the stock price, the bank believes New World has low visibility in profitability and dividend resumption, hence maintaining a &#34;Reduce&#34; rating.HSBC Global Research released two analysis reports on New World at once, not only cutting the target price again but also reiterating the potential impact of New World's debt on the banking sector. HSBC mentioned:In the worst-case scenario, if banks need to classify New World Development's loans as &#34;non-performing loans (NPLs),&#34; the NPL ratio of Hong Kong's banking system would rise by 1.3 percentage points to 3.3%.

HSBC

HSBC HK SDR 5to1

A scoop quoted by Hong Kong media from foreign media, the big influencer on Xiaohongshu, the heir of the New World Group, Adrian Cheng is likely to step down! ==$NEW WORLD DEV(00017.HK) announced its annual results on the eve, Bloomberg quoted sources as reporting that New World would announce its first annual loss in 20 years, so the major shareholder of New World, the Cheng family, is considering replacing CEO Adrian Cheng. In addition, according to our newspaper, the K11 team led by Adrian Cheng has been laying off employees for days.Our newspaper is inquiring with New World, but there is no response yet.When asked about the market rumor that New World would replace CEO Adrian Cheng, Adrian Cheng's younger brother, $CTF SERVICES(00659.HK) Co-CEO Brian Cheng said at a press conference that the topic was sensitive and everything would be clear in 24 hours.==I wrote an analysis before, and it turned out to be prophetic. @Lu Lu @KarsonKK

CTF SERVICES

$NEW WORLD DEV(00017.HK) New World Development's stock dropped over 10% today. How could such a big event go unnoticed? Summary of what happened:1. New World Development issued a profit warning: Expected to shift from profit to loss in FY2024, with a net loss of up to HKD 20 billion2. New World Development's debt ratio reached 87%3. New World Development plans to sell Tsim Sha Tsui's K11 ART MALL for survival, rumored price at HKD 9 billion4. Chow Tai Fook Enterprises (the board of the Cheng family) established a CEO office, but New World Development's helmsman Adrian Cheng (eldest son) was not included5. Adrian Cheng remains obsessed with art Personal interpretation:The bearded artist (Adrian Cheng) was &#34;deposed as heir.&#34; It's still too early to say if &#34;wealth never survives three generations&#34; will come true again.

CHOW TAI FOOK

Sonoco Products

MB-NWD @EC2701A(26696.HK)

Hong Kong developers test pricing power amid home-market recovery

The new project in Tsim Sha Tsui, Zhenyue, will announce its sales arrangements today and confirm the launch next week

New World to Begin Selling Last Batch of Units in Grand Austin Bohemian Project

The Hong Kong stock ADR is expected to open 77 points lower this morning, reporting at 25,244 points

New World Development (OTCMKTS:NDVLY) Sees Strong Trading Volume - Here's What Happened