Hong Kong’s New World Development Tumbles On Bond Payment Delays Amid Debt Troubles

Hong Kong’s New World Development Tumbles On Bond Payment Delays Amid Debt Troubles

New World Development’s K11 Musea shopping mall, part of the company’s flagship Victoria Dockside development in Hong Kong’s Tsim Sha Tsui district. Paul Yeung/Bloomberg Shares of New World Development, controlled by Hong Kong’s billionaire Cheng family, dropped almost 6.5% on Monday after the debt-laden property developer deferred interest payments on several bonds, deepening investor concerns…

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Ares Management Targets Debt of Hong Kong Developer Amidst Market Downturn - News and Statistics

Ares Management Targets Debt of Hong Kong Developer Amidst Market Downturn – News and Statistics

Mar 13, 2025 US Investment Firm Ares Management Targets Debt of Hong Kong Developer New World Ares Management Corp., a US-based alternative investment manager, has approached several banks to acquire debt issued by Hong Kong developer New World Development Co. (source). Attempts by Ares to purchase the debt at a discount align with the company’s…

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Hong Kong property sales fall to 5-month low; buyers spooked by US-China tension: agencies

Hong Kong property sales fall to 5-month low; buyers spooked by US-China tension: agencies

Hong Kong real-estate sales fell to their lowest point in five months in February, reflecting caution among homebuyers and investors amid increasing tensions between Washington and Beijing, according to property agencies. Sales of homes, office units, shops, car parking spaces and industrial spaces declined by 13 per cent to 4,295 deals from a month earlier,…

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Hong Kong property sales fall to 5-month low; buyers spooked by US-China tension: agencies

Hong Kong property sales fall to 5-month low; buyers spooked by US-China tension: agencies

Hong Kong real-estate sales fell to their lowest point in five months in February, reflecting caution among homebuyers and investors amid increasing tensions between Washington and Beijing, according to property agencies. Sales of homes, office units, shops, car parking spaces and industrial spaces declined by 13 per cent to 4,295 deals from a month earlier,…

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