{"id":142842,"date":"2024-03-01T13:07:21","date_gmt":"2024-03-01T06:07:21","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-sells-its-interest-in-d-park-mall-in-tsuen-wan-to-rival-hong-kong-developer-chinachem-for-us510-million\/"},"modified":"2024-03-01T13:18:39","modified_gmt":"2024-03-01T06:18:39","slug":"new-world-sells-its-interest-in-d-park-mall-in-tsuen-wan-to-rival-hong-kong-developer-chinachem-for-us510-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-sells-its-interest-in-d-park-mall-in-tsuen-wan-to-rival-hong-kong-developer-chinachem-for-us510-million\/","title":{"rendered":"New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million"},"content":{"rendered":"


\nNew World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 million) as part of plans to cut its heavy debt load.
\n
\nSource : South China Morning Post
\nRead more…New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US0 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces...<\/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-142842","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-B9U","jetpack-related-posts":[{"id":64082,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinachems-low-price-strategy-draws-more-interest-among-competing-tsuen-wan-projects\/","url_meta":{"origin":142842,"position":0},"title":"Chinachem\u2019s low price strategy draws more interest among competing Tsuen Wan projects","date":"August 20, 2017","format":false,"excerpt":"\r Hong Kong developers found that a lower price strategy worked best over the weekend as two major projects in Tsuen Wan competed for buyer interest. Chinachem Group\u2019s Parc City, which was priced an average of 14 per cent below Cheung Kong Property\u2019s Ocean Supreme, received stronger buying interest. Chinachem\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":165147,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinachem-secures-plot-in-hong-kongs-tsuen-wan-for-us318-million\/","url_meta":{"origin":142842,"position":1},"title":"Chinachem secures plot in Hong Kong\u2019s Tsuen Wan for US$318 million","date":"November 18, 2025","format":false,"excerpt":"\r Chinachem Group has secured a 70,127 sq ft site in Tsuen Wan in the New Territories for more than HK$2.47 billion (US$318 million), beating eight other bidders, according to the Lands Department. The other bidders were Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Great Eagle Holdings,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyer-frenzy-over-chinachems-parc-city-project-a-sign-that-hong-kong-flats-still-in-high-demand\/","url_meta":{"origin":142842,"position":2},"title":"Buyer frenzy over Chinachem\u2019s Parc City project a sign that Hong Kong flats still in high demand","date":"August 25, 2017","format":false,"excerpt":"\r Nearly a thousand prospective buyers turned out for a new residental project in Tsuen Wan on Friday morning, despite home prices in Hong Kong surging for 13 months in a row, maintaining the city\u2019s position as the world\u2019s most expensive urban centre to live in. Long queues were seen\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-top-developers-vie-for-rare-tsuen-wan-site-in-test-of-land-market\/","url_meta":{"origin":142842,"position":3},"title":"Hong Kong\u2019s top developers vie for rare Tsuen Wan site in test of land market","date":"November 14, 2025","format":false,"excerpt":"\r Nine groups, including some of Hong Kong\u2019s largest developers \u2013 Sun Hung Kai Properties (SHKP), CK Asset Holdings, Henderson Land and Chinachem Group \u2013 have submitted offers for a 70,127 sq ft parcel in Tsuen Wan in the New Territories. The Lands Department received the bids by noon on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64254,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/used-home-sales-tumble-after-chinachem-stuns-market-with-parc-city-discounts\/","url_meta":{"origin":142842,"position":4},"title":"Used home sales tumble after Chinachem stuns market with Parc City discounts","date":"August 22, 2017","format":false,"excerpt":"\r Only one transaction was recorded in the four major housing estates in Tsuen Wan last week, after Chinachem Group\u2019s lower-than-expected launch price for its new project, Parc City, lured potential buyers away from secondary market, according to an agent at Midland Realty. Belvedere Garden in Tsuen Wan was the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-prepare-to-welcome-new-affluent-residents-to-tsuen-wan-with-upgraded-shopping-malls\/","url_meta":{"origin":142842,"position":5},"title":"Landlords prepare to welcome new affluent residents to Tsuen Wan with upgraded shopping malls","date":"August 21, 2018","format":false,"excerpt":"\r Tsuen Wan\u2019s retail landscape is set for huge improvements as major developers open new malls and upgrade existing ones to tap the higher spending power of residents moving into upscale housing in the area. Chinachem Group, which owns Nina Tower, the tallest building in the New Territories at 89\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\/142842"}],"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=142842"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/142842\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=142842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=142842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=142842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}