{"id":114553,"date":"2020-02-26T20:02:08","date_gmt":"2020-02-26T13:02:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-sells-hk3-billion-stakes-in-two-shopping-malls-to-mtr-as-hong-kongs-retail-sector-reels-from-protests-coronavirus\/"},"modified":"2020-02-26T20:40:34","modified_gmt":"2020-02-26T13:40:34","slug":"new-world-development-sells-hk3-billion-stakes-in-two-shopping-malls-to-mtr-as-hong-kongs-retail-sector-reels-from-protests-coronavirus","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-sells-hk3-billion-stakes-in-two-shopping-malls-to-mtr-as-hong-kongs-retail-sector-reels-from-protests-coronavirus\/","title":{"rendered":"New World Development sells HK$3 billion stakes in two shopping malls to MTR as Hong Kong\u2019s retail sector reels from protests, coronavirus"},"content":{"rendered":"


\nNew World Development has sold its interest in two Hong Kong shopping malls to MTR Corporation, the city\u2019s sole rail operator, for HK$3 billion (US$385 million) as the local retail sector slips into a deep slump.The developer said the sale of the \u201cnon-core\u201d assets, a 50 per cent stake in the Telford Plaza II in Kowloon Bay and a 21 per cent share of PopCorn 2 in Tseung Kwan O, was part of its strategy to fine-tune its asset structure.New World Development will continue to dispose of non-core\u2026
\n
\nSource : South China Morning Post
\nRead more…New World Development sells HK billion stakes in two shopping malls to MTR as Hong Kong\u2019s retail sector reels from protests, coronavirus<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development has sold its interest in two Hong Kong shopping malls to MTR...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114553","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tND","jetpack-related-posts":[{"id":47005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mtr-corp-net-profit-drops-21-1pc-to-hk10-2b-on-lower-property-income\/","url_meta":{"origin":114553,"position":0},"title":"Hong Kong\u2019s MTR Corp net profit drops 21.1pc to HK$10.2b on lower property income","date":"March 7, 2017","format":false,"excerpt":"\r MTR Corp announced a 21.1 per cent fall in net profit to HK$10.25 billion (US$1.32 billion) as its earnings contribution from Hong Kong property development slumped. The city\u2019s sole operator of the mass transit railway system said total revenue rose 8.4 per cent to HK$45.19 billion for the year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtr-corp-will-study-residential-development-in-other-railway-stations-to-increase-flat-supply-says-property-director\/","url_meta":{"origin":114553,"position":1},"title":"MTR Corp will study residential development in other railway stations to increase flat supply, says property director","date":"April 25, 2017","format":false,"excerpt":"\r As property director of Hong Kong\u2019s subway operator MTR Corp since 2011, David Tang Chi-fai leads a team looking after 13 shopping malls, managing 96,000 retail units and the building of 28,000 flats \u2013 18,000 for MTR and 10,000 for West Rail \u2013 through partnerships with private developers. With\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61896,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/link-reit-may-sell-20-hong-kong-shopping-malls-to-take-advantage-of-record-property-prices\/","url_meta":{"origin":114553,"position":2},"title":"Link REIT may sell 20 Hong Kong shopping malls to take advantage of record property prices","date":"July 26, 2017","format":false,"excerpt":"\r Link REIT, Hong Kong\u2019s first real estate investment trust, is considering a plan to sell more than 20 retail shopping centres around the city, the latest landlord to put its property portfolio on the market, after a crucial land sale in May established a new benchmark for commercial prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mtr-corp-fined-hk19-2-million-and-will-offer-half-price-fares-for-day\/","url_meta":{"origin":114553,"position":3},"title":"Hong Kong\u2019s MTR Corp fined HK$19.2 million and will offer half-price fares for day","date":"May 26, 2025","format":false,"excerpt":"\r Hong Kong\u2019s railway operator, the MTR Corporation, has been ordered to offer a day of half-price fares after being hit with a HK$19.2 million (US$2.4 million) penalty over a five-hour service suspension on the Tseung Kwan O line last week, according to the transport minister. The incident was the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123521,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-continues-to-build-up-its-land-bank-in-hong-kong-invests-over-us1-1-billion-in-redevelopment-projects\/","url_meta":{"origin":114553,"position":4},"title":"Henderson continues to build up its land bank in Hong Kong, invests over US$1.1 billion in redevelopment projects","date":"November 30, 2021","format":false,"excerpt":"\r Henderson Land Development, which earlier this month bid a record HK$50.8 billion (US$6.5 billion) for a harbourfront commercial plot in Hong Kong, is gradually boosting its land bank in other parts of the city.Hong Kong\u2019s third largest developer by market capitalisation has invested more than HK$9 billion in Kowloon\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/underground-retail-space-in-hong-kong-may-lower-rents-attract-new-entrants\/","url_meta":{"origin":114553,"position":5},"title":"Underground retail space in Hong Kong may lower rents, attract new entrants","date":"November 15, 2016","format":false,"excerpt":"\r A government pilot study into developing underground spaces in four prime locations could help to attract new entrants into Hong Kong\u2019s retail market, according to industry experts, as increasing supply could lower rents. But analysts suggested providing connectivity between the subterranean spaces and facilities such as MTR stations and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114553"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114553"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114553\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}