{"id":124717,"date":"2022-02-25T19:29:06","date_gmt":"2022-02-25T12:29:06","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-says-lower-income-in-hong-kong-under-rent-deferral-plan-will-be-offset-by-strong-revenue-in-mainland-china\/"},"modified":"2022-02-25T21:04:37","modified_gmt":"2022-02-25T14:04:37","slug":"new-world-development-says-lower-income-in-hong-kong-under-rent-deferral-plan-will-be-offset-by-strong-revenue-in-mainland-china","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-says-lower-income-in-hong-kong-under-rent-deferral-plan-will-be-offset-by-strong-revenue-in-mainland-china\/","title":{"rendered":"New World Development says lower income in Hong Kong under rent deferral plan will be offset by strong revenue in mainland China"},"content":{"rendered":"


\nHong Kong property developer New World Development (NWD) said lower rent income following a government plan allowing small firms to defer payments for up to six months will be offset by strong revenue in mainland China.The locally-listed developer\u2019s interim underlying profit, excluding changes in the valuations of properties, rose 4.8 per cent from a year ago to HK$3.9 billion (US$499.4 million) for the six months to December, it said on Friday. Its revenue remained flat at HK$35.6 billion. It\u2026
\n
\nSource : South China Morning Post
\nRead more…New World Development says lower income in Hong Kong under rent deferral plan will be offset by strong revenue in mainland China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong property developer New World Development (NWD) said lower rent income following a government...<\/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-124717","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-wrz","jetpack-related-posts":[{"id":172350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-firms-up-balance-sheet-as-hong-kong-home-sales-cushion-profit-slump\/","url_meta":{"origin":124717,"position":0},"title":"Wharf firms up balance sheet as Hong Kong home sales cushion profit slump","date":"August 11, 2026","format":false,"excerpt":"\r Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong\u2019s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf\u2019s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-profit-falls-as-property-losses-and-weak-offices-offset-record-mall-rents\/","url_meta":{"origin":124717,"position":1},"title":"Hang Lung profit falls as property losses and weak offices offset record mall rents","date":"July 31, 2026","format":false,"excerpt":"\r Hong Kong developer Hang Lung Properties\u2019 underlying profit fell in the first half as losses from property sales, higher finance costs and a weak mainland China office market offset record rental income from its shopping malls. Underlying net profit declined 10 per cent from a year earlier to HK$1.44\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-posts-first-half-profit-as-hong-kong-luxury-market-offsets-mainland-woes\/","url_meta":{"origin":124717,"position":2},"title":"Wharf posts first-half profit as Hong Kong luxury market offsets mainland woes","date":"August 12, 2025","format":false,"excerpt":"\r Hong Kong developer Wharf (Holdings) swung to a profit in the first half, supported by lower borrowing costs and a recovery in the city\u2019s luxury housing market that offset weaker demand in its mainland China operations. Profit attributable to equity shareholders came in at HK$535 million (US$68.2 million), reversing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-hong-kong-government-says-xie-xie\/","url_meta":{"origin":124717,"position":3},"title":"Chinese developers, Hong Kong government says xie xie","date":"December 29, 2016","format":false,"excerpt":"\r Hong Kong\u2019s government revenue from land sales rose to a record HK$71.88 billion in the first nine months of the 2016 fiscal year ending March 31, as HNA Group led mainland Chinese developers in their buying spree in the city. With the final HK$5.868 billion from a sale at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developer-jiayuan-says-hong-kong-micro-flats-profitable-despite-price-cuts-reports-23-per-cent-rise-in-interim-profit\/","url_meta":{"origin":124717,"position":4},"title":"Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit","date":"August 27, 2019","format":false,"excerpt":"\r The mainland Chinese property developer behind Hong Kong\u2019s smallest micro flats ever \u2013 smaller than a car park at 128 sq ft \u2013 said the development was profitable even after it cut prices by as much as 38 per cent to as low as HK$1.73 million (US$220,514) per unit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-is-the-reason-mainland-china-buyers-converge-in-hong-kong\/","url_meta":{"origin":124717,"position":5},"title":"This is the reason mainland China buyers converge in Hong Kong","date":"August 11, 2016","format":false,"excerpt":"\r Buyers from the mainland are buying residential land in the Chinese SAR in a big way Central district in Hong Kong. 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