New World Development has sold two noncore assets, pulling in HK$3.57 billion (US$460.6 million) as the developer ploughs ahead with its long-term development strategy of focusing on Hong Kong and the Greater Bay Area.The developer said in a statement on Monday that the sale of a 45 per cent interest in certain properties at Shun Tak Centre, in Sheung Wan, generated HK$2.36 billion. It also received HK$1.21 billion after selling Eight Kwai Fong, a serviced apartment building in Happy Valley…
Source : South China Morning Post
Read more…New World Development speeds up sale of noncore assets as disposals top HK billion in financial year















