Hong Kong developer New World claims ‘business as usual’ amid default rumours

Hong Kong developer New World claims ‘business as usual’ amid default rumours

Residential sales in Hong Kong continue to improve, and mainland China sales are on track, embattled company says Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development as its core business this year and proceed with project launches, amid market rumours that the company is at risk of a default. Residential sales in Hong Kong continue to improve, and the company…

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