{"id":119243,"date":"2020-11-14T09:00:19","date_gmt":"2020-11-14T02:00:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-harvard-educated-scion-upends-his-grandfathers-build-and-sell-business-model-as-hong-kong-sits-at-crossroads\/"},"modified":"2020-11-14T09:04:03","modified_gmt":"2020-11-14T02:04:03","slug":"new-worlds-harvard-educated-scion-upends-his-grandfathers-build-and-sell-business-model-as-hong-kong-sits-at-crossroads","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-harvard-educated-scion-upends-his-grandfathers-build-and-sell-business-model-as-hong-kong-sits-at-crossroads\/","title":{"rendered":"New World\u2019s Harvard-educated scion upends his grandfather\u2019s \u2018build and sell\u2019 business model as Hong Kong sits at crossroads"},"content":{"rendered":"


\nCheng Yu-tung, one of Hong Kong\u2019s best-known tycoons, spared no expense when he led a 1985 effort to build a harbourfront convention centre to host the city\u2019s return to Chinese sovereignty 12 years later.Construction activity on the US$322 million project was a gesture of confidence in a city clawing its way out of recession, buffeted by the exchange of barbs between Chinese negotiators and the city\u2019s then colonial master, Britain.Nearly four decades later, Hong Kong is mired in its worst\u2026
\n
\nSource : South China Morning Post
\nRead more…New World\u2019s Harvard-educated scion upends his grandfather\u2019s \u2018build and sell\u2019 business model as Hong Kong sits at crossroads<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cheng Yu-tung, one of Hong Kong\u2019s best-known tycoons, spared no expense when he led a...<\/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-119243","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-v1h","jetpack-related-posts":[{"id":114220,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-puts-harvard-educated-scion-in-charge-of-china-flagship-unit-amid-succession-plan-at-hong-kong-property-empire\/","url_meta":{"origin":119243,"position":0},"title":"New World Development puts Harvard-educated scion in charge of China flagship unit amid succession plan at Hong Kong property empire","date":"February 12, 2020","format":false,"excerpt":"\r New World Development has appointed Adrian Cheng Chi-kong as head of its property business in mainland China, entrenching his position as the next-generation successor at Hong Kong\u2019s third-largest hotel-and-property empire by market value.Cheng has been named the executive chairman of New World China Land, the group\u2019s flagship property arm\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-to-pay-us592-million-for-shanghai-site-in-first-major-deal-by-scion-of-hong-kong-property-empire\/","url_meta":{"origin":119243,"position":1},"title":"New World Development to pay US$592 million for Shanghai site in first major deal by scion of Hong Kong property empire","date":"August 12, 2020","format":false,"excerpt":"\r New World Development is developing a prime commercial site in Shanghai in the first major deal in mainland China by the heir to Hong Kong\u2019s fourth-largest property group.The Hong Kong-listed developer won the bid for a 17,170 square metre (184,817 sq ft) land parcel located at Middle Huaihai Road\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111213,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-hong-kong-break-the-stranglehold-of-the-citys-biggest-developers-on-land-reserves\/","url_meta":{"origin":119243,"position":2},"title":"Can Hong Kong break the stranglehold of the city\u2019s biggest developers on land reserves?","date":"September 30, 2019","format":false,"excerpt":"\r When Adrian Cheng Chi-kong, the third-generation scion of one of Hong Kong\u2019s biggest landowners, met Ricky Yu in 2016, the seed of an unorthodox idea was planted.Yu, founder of the non-profit builder Light Be, was looking for land to build what his six-year-old group calls social housing, including co-tenancy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/scion-of-hong-kong-warehousing-firm-tai-sang-steps-up-hospitality-foray-with-wong-chuk-hang-hotel\/","url_meta":{"origin":119243,"position":3},"title":"Scion of Hong Kong warehousing firm Tai Sang steps up hospitality foray with Wong Chuk Hang hotel","date":"July 11, 2021","format":false,"excerpt":"\r Justin Ma, the 29-year-old heir of the family that controls Tai Sang Land Development, hopes to ramp up investment in hospitality, in a break from the investment strategy of the 53-year-old company, which is better known for industrial buildings, shops and office buildings in Hong Kong.Ma founded Yulan Group,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/victorias-secret-known-for-its-seductive-lingerie-closes-flagship-store-in-causeway-bay-as-covid-19-upends-tourism\/","url_meta":{"origin":119243,"position":4},"title":"Victoria\u2019s Secret, known for its seductive lingerie, closes flagship store in Causeway Bay as Covid-19 upends tourism","date":"June 25, 2020","format":false,"excerpt":"\r Victoria\u2019s Secret, the American retailer known around the globe for its seductive lingerie and advertisements, has closed its flagship store in Causeway Bay, becoming the latest luxury brand in Hong Kong to fall victim to a plunge in tourism due to the coronavirus pandemic and last year\u2019s social unrest.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-former-scion-of-hong-kongs-nwd-expands-k11-brand-in-xiamen\/","url_meta":{"origin":119243,"position":5},"title":"Adrian Cheng, former scion of Hong Kong\u2019s NWD, expands K11 brand in Xiamen","date":"October 5, 2026","format":false,"excerpt":"\r Adrian Cheng Chi-kong, former heir apparent to Hong Kong\u2019s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family\u2019s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng\u2019s K11 by AC Group along\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\/119243"}],"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=119243"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119243\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}