{"id":171294,"date":"2026-04-02T18:34:41","date_gmt":"2026-04-02T11:34:41","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-pulls-back-on-causeway-bay-acquisition-amid-uneven-recovery\/"},"modified":"2026-04-02T19:44:51","modified_gmt":"2026-04-02T12:44:51","slug":"new-world-pulls-back-on-causeway-bay-acquisition-amid-uneven-recovery","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-pulls-back-on-causeway-bay-acquisition-amid-uneven-recovery\/","title":{"rendered":"New World pulls back on Causeway Bay acquisition amid uneven recovery"},"content":{"rendered":"


\nHong Kong\u2019s New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market.
\nThe company, which has been selling assets to reduce debt, said it would \u201cexercise prudence as appropriate, having regard to cost and efficiency, as well as overall market supply and demand, with a view to delivering reasonable returns\u201d.
\nNWD, which reported…
\n
\nSource : South China Morning Post
\nRead more…New World pulls back on Causeway Bay acquisition amid uneven recovery<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s New World Development (NWD) has shelved plans to acquire the remaining stakes in...<\/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-171294","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-IyO","jetpack-related-posts":[{"id":123683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","url_meta":{"origin":171294,"position":0},"title":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip","date":"December 8, 2021","format":false,"excerpt":"\r Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-v-group-readies-causeway-bay-serviced-apartments-and-luxury-houses-on-the-peak-for-sale-amid-market-slump\/","url_meta":{"origin":171294,"position":1},"title":"Hong Kong developer V Group readies Causeway Bay serviced apartments and luxury houses on The Peak for sale amid market slump","date":"August 30, 2022","format":false,"excerpt":"\r Hong Kong developer V Group is shrugging aside the downturn in the city\u2019s property market with the launch of a serviced apartment project in Causeway Bay and an ultra-luxury project on The Peak.\r \r Source : South China Morning Post\r Read more...Hong Kong developer V Group readies Causeway Bay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34428,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-and-tsim-sha-tsui-retain-allure-for-retailers-in-spite-of-sluggish-times\/","url_meta":{"origin":171294,"position":2},"title":"Causeway Bay and Tsim Sha Tsui retain allure for retailers in spite of sluggish times","date":"November 15, 2016","format":false,"excerpt":"\r The prime shopping hubs of Causeway Bay and Tsim Sha Tsui, among the most expensive in Hong Kong in terms of rental costs, remain attractive for retailers amid overall sluggishness in the sector. Retail rents in Causeway Bay fell 8 per cent in the rental index in the third\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105617,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-at-office-tower-redeveloped-on-the-excelsiors-site-may-be-the-highest-in-causeway-bay-amid-shortage-of-commercial-space\/","url_meta":{"origin":171294,"position":3},"title":"Rent at office tower redeveloped on The Excelsior\u2019s site may be the highest in Causeway Bay amid shortage of commercial space","date":"March 31, 2019","format":false,"excerpt":"\r The office tower to rise from where The Excelsior hotel stands on the foreshore of Hong Kong\u2019s Causeway Bay may command the highest rent in the district by the time its redevelopment is completed in 2025, barring a catastrophic economic meltdown in Hong Kong.The site, known as Lot One,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-retail-landlord-offers-to-cut-rent-by-44-per-cent-as-prada-closes-flagship-store-next-year-amid-dwindling-foot-traffic\/","url_meta":{"origin":171294,"position":4},"title":"Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic","date":"August 19, 2019","format":false,"excerpt":"\r The landlord of Prada\u2019s retail store in Causeway Bay is offering to slash monthly rent by 44 per cent next year when the Italian fashion house shuts its flagship outlet on Hong Kong Island, succumbing to dwindling shoppers\u2019 foot traffic.The Milanese company will close its 15,000-square foot (1,393 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nwd-tests-market-with-28-pavilia-rosa-flats-for-sale-amid-hang-seng-slump\/","url_meta":{"origin":171294,"position":5},"title":"NWD tests market with 28 Pavilia Rosa flats for sale amid Hang Seng slump","date":"June 8, 2026","format":false,"excerpt":"\r Hong Kong developer New World Development (NWD) is making 28 units of its Pavilia Rosa project in Kowloon Tong available to buyers on Friday, a test of sentiment and demand in the city\u2019s residential property market amid a slumping Hang Seng Index. NWD said the flats would be sold\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\/171294"}],"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=171294"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/171294\/revisions"}],"predecessor-version":[{"id":171295,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/171294\/revisions\/171295"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=171294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=171294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=171294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}