Outperformed the market! Shanghai New World had impressive performance in the first quarter, with a 52% increase in sales of Residences in mainland China.

With the continuous release of policy effects, the real estate market is steadily recovering, and the sales area in the national real estate market stabilized in the first quarter, showing good initial performance. NEW WORLD DEV, focusing on core cities and adhering to quality orientation as its foundation, has taken the lead in the industry to show a growth trajectory, demonstrating strategic advantages and strong developmental resilience. In terms of sales properties, the performance of NEW WORLD in the mainland Residence market is particularly outstanding, with contract sales amounting to over 2.1 billion yuan, a significant year-on-year growth of 52%, far exceeding the industry average for the same period, laying a solid foundation for achieving the annual sales goals. In the Hong Kong market, NEW WORLD has developed the South Island of Hong Kong.

Gelonghui Finance06:27 ET

Private Companies in New World Development Company Limited (HKG:17) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 4.8% Last Week

Simply Wall StApr 26 21:04 ET

Bloomberg: The completion volume of private residential buildings in Hong Kong reached a four-year low in the first two months of this year and is expected to experience a Top Reversal.

According to the data from the research center of Midland Realty and the Buildings Department, the number of private Residence completions in Hong Kong in February recorded a total of 1,624 units, which is a month-on-month decrease of about 13.9% compared to January's 1,886 units, marking a decline for two consecutive months and reaching a new low in five months.

Zhitong FinanceApr 24 06:24 ET

Express News | New World Development - Lau Fu-Keung and Hui Ka-Wai Appointed as Joint Company Secretaries

ReutersApr 24 05:02 ET

Express News | New World Development Co - Cheng Chi-Man, Sonia Appointed as a Member of Nomination Committee

ReutersApr 24 05:02 ET

NEW WORLD DEV (00017.HK) appoints Liu Fuqiang and Xu Jiahui as co-company secretaries.

On April 24, Gelonghui announced that NEW WORLD DEV (00017.HK) has made changes to the composition of the nomination committee and the appointments of the company secretary and authorized representatives, effective from May 1, 2025: (1) Zheng Zhijun has been appointed as a member of the nomination committee; (2) Zheng Jiachun will no longer serve as the chairman and member of the nomination committee; (3) Li Lianwei (a member of the nomination committee) has been appointed as the chairman of the nomination committee; (4) Wang Wenhai will resign as company secretary and will no longer serve as an authorized representative of the company; (5) Liu Fuqiang and Xu Jiahui have been appointed as joint company secretaries; and (6) Xu Jia.

Gelonghui FinanceApr 24 04:47 ET