{"id":134368,"date":"2023-02-02T19:30:12","date_gmt":"2023-02-02T12:30:12","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-world-development-denies-sale-of-k11-atelier-stake-citing-robust-cash-reserves\/"},"modified":"2023-02-02T19:37:30","modified_gmt":"2023-02-02T12:37:30","slug":"hong-kongs-new-world-development-denies-sale-of-k11-atelier-stake-citing-robust-cash-reserves","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-world-development-denies-sale-of-k11-atelier-stake-citing-robust-cash-reserves\/","title":{"rendered":"Hong Kong\u2019s New World Development denies sale of K11 Atelier stake, citing \u2018robust cash reserves\u2019"},"content":{"rendered":"


\nThe developer, owned by the family of billionaire Henry Cheng Kar-shun, issued a statement to say it has US$13.4 billion in capital and \u2018no plans to sell any stake in K11 Atelier King\u2019s Road\u2019.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s New World Development denies sale of K11 Atelier stake, citing \u2018robust cash reserves\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The developer, owned by the family of billionaire Henry Cheng Kar-shun, issued a statement to...<\/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-134368","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-yXe","jetpack-related-posts":[{"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":134368,"position":0},"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":[]},{"id":139862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/harbour-city-k11-musea-among-hong-kongs-most-instagrammable-malls-as-retail-segment-vies-for-social-media-pull\/","url_meta":{"origin":134368,"position":1},"title":"Harbour City, K11 Musea among Hong Kong\u2019s most Instagrammable malls as retail segment vies for social media pull","date":"October 15, 2023","format":false,"excerpt":"\r Hong Kong\u2019s shopping centres are competing with each other for social media posts, with social e-commerce seen as a big contributor to footfall and sales in years ahead.\r \r Source : South China Morning Post\r Read more...Harbour City, K11 Musea among Hong Kong\u2019s most Instagrammable malls as retail segment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172606,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-new-world-gets-nod-to-spin-off-k11-shanghai-assets\/","url_meta":{"origin":134368,"position":2},"title":"Hong Kong developer New World gets nod to spin off K11 Shanghai assets","date":"September 21, 2026","format":false,"excerpt":"\r New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong\u2019s wealthiest families. The expected offering size for the NWD C-Reit was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sc-global-in-a-first-of-its-kind-collaboration-with-k11-artus\/","url_meta":{"origin":134368,"position":3},"title":"SC Global in a first-of-its-kind collaboration with K11 ARTUS","date":"September 13, 2019","format":false,"excerpt":"\r SC Global Developments has partnered K11 ARTUS from K11 Group for a first-of-its-kind residential collaboration at Cuscaden Reserve. Located at 8 Cuscaden Road near the upcoming Orchard Boulevard MRT station, the 28-storey Cuscaden Reserve is close to various hotels, high-end restaurants and lifestyle amenities. The luxury condominium project \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-yorks-museum-of-modern-art-to-open-flagship-store-in-hong-kong-developer-new-worlds-k11-musea\/","url_meta":{"origin":134368,"position":4},"title":"New York\u2019s Museum of Modern Art to open flagship store in Hong Kong developer New World\u2019s K11 Musea","date":"May 30, 2019","format":false,"excerpt":"\r Hong Kong property developer New World Development is bringing a flagship store of New York\u2019s The Museum of Modern Art (MoMA) to Hong Kong this year.The 6,000 sq ft store, MoMa\u2019s largest in Asia, is to open in August in K11 Musea, the retail part of Tsim Sha Tsui\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107685,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exit-kr-space-enter-ceo-suite-indonesian-co-working-space-operator-swoops-in-to-take-space-vacated-by-troubled-chinese-rival\/","url_meta":{"origin":134368,"position":5},"title":"Exit Kr Space, enter CEO Suite; Indonesian co-working space operator swoops in to take space vacated by troubled Chinese rival","date":"June 1, 2019","format":false,"excerpt":"\r Indonesian co-working space operator CEO Suite has taken up the slot left vacant by its troubled Chinese rival Kr Space in Hong Kong, wading into a fiercely competitive sector that already boasts the world\u2019s most expensive office address.In a sign of just how heated the market is, the Jakarta-based\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\/134368"}],"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=134368"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134368\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=134368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=134368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=134368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}