{"id":117434,"date":"2020-06-29T21:37:30","date_gmt":"2020-06-29T14:37:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-speeds-up-sale-of-noncore-assets-as-disposals-top-hk10-billion-in-financial-year\/"},"modified":"2020-06-29T22:05:44","modified_gmt":"2020-06-29T15:05:44","slug":"new-world-development-speeds-up-sale-of-noncore-assets-as-disposals-top-hk10-billion-in-financial-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-speeds-up-sale-of-noncore-assets-as-disposals-top-hk10-billion-in-financial-year\/","title":{"rendered":"New World Development speeds up sale of noncore assets as disposals top HK$10 billion in financial year"},"content":{"rendered":"


\nNew 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\u2026
\n
\nSource : South China Morning Post
\nRead more…New World Development speeds up sale of noncore assets as disposals top HK billion in financial year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development has sold two noncore assets, pulling in HK$3.57 billion (US$460.6 million) as...<\/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-117434","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-uy6","jetpack-related-posts":[{"id":171136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure\/","url_meta":{"origin":117434,"position":0},"title":"Hong Kong developers Swire and Wharf report profit growth amid valuation pressure","date":"March 12, 2026","format":false,"excerpt":"\r Swire Properties reported stronger underlying earnings in 2025, as the Hong Kong developer stepped up asset disposals and expanded its mainland China retail portfolio, though weakness in the city\u2019s office market dragged the company into a headline loss. Underlying profit rose 27 per cent to HK$8.62 billion (US$1.1 billion),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118921,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-selling-car-parking-spaces-in-taikoo-shing-for-hk3-million-each-as-it-disposes-off-noncore-assets\/","url_meta":{"origin":117434,"position":1},"title":"Swire Properties selling car parking spaces in Taikoo Shing for HK$3 million each as it disposes off noncore assets","date":"October 15, 2020","format":false,"excerpt":"\r Swire Properties, the developer of Taikoo Shing, is selling car and motorcycle parking spaces for the first time at the 43-year-old housing project in Quarry Bay, as part of its \u201cstrategy to dispose of certain noncore assets\u201d.A total of 227 car parking spaces and 62 motorcycle parking spaces in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rebuild-cash-hoard-to-prepare-for-new-opportunities-amid-biggest-market-correction-in-four-years\/","url_meta":{"origin":117434,"position":2},"title":"Hong Kong developers rebuild cash hoard to prepare for new opportunities amid biggest market correction in four years","date":"September 20, 2020","format":false,"excerpt":"\r Some of Hong Kong\u2019s biggest developers are building up their cash hoard by selling noncore assets, a move seen as readying themselves for acquisition opportunities amid the biggest market correction since at least 2016.This year, groups including Wheelock Properties, Chinachem and New World Development have raised more than HK$4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144321,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-puts-shenzhen-land-up-for-auction-as-developer-trims-noncore-assets-to-ease-us147-billion-liabilities\/","url_meta":{"origin":117434,"position":3},"title":"China Vanke puts Shenzhen land up for auction as developer trims noncore assets to ease US$147 billion liabilities","date":"May 8, 2024","format":false,"excerpt":"\r Developer puts another noncore asset on the chopping block to bolster its liquidity and appease creditors, part of its three-pronged strategy to overcome a financial crisis.\r \r Source : South China Morning Post\r Read more...China Vanke puts Shenzhen land up for auction as developer trims noncore assets to ease\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-buyers-hunt-for-bargains-in-citys-battered-noncore-office-market\/","url_meta":{"origin":117434,"position":4},"title":"Hong Kong buyers hunt for bargains in city\u2019s battered noncore office market","date":"August 21, 2026","format":false,"excerpt":"\r Hong Kong\u2019s noncore office market is still plagued by high vacancy rates and weak investor demand, but owner-occupiers are taking advantage of the downturn to buy up office space at steep discounts. The latest example is the Estate Agents Authority (EAA), which agreed a deal earlier this month to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104513,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sino-land-reports-half-year-profit-of-hk2-37-billion-expects-improved-sales-in-second-half\/","url_meta":{"origin":117434,"position":5},"title":"Hong Kong\u2019s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half","date":"February 28, 2019","format":false,"excerpt":"\r Hong Kong property developer Sino Land reported a 73 per cent drop in underlying net profit attributable to shareholders for the July to December period, with the decline attributed to distortions created by one-off asset disposals in the year earlier period.Underlying profit, excluding the revaluation gains on investment property,\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\/117434"}],"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=117434"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117434\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}