{"id":172668,"date":"2026-09-30T21:46:27","date_gmt":"2026-09-30T14:46:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-posts-hk26-8b-loss-after-11-skies-termination\/"},"modified":"2026-09-30T21:52:45","modified_gmt":"2026-09-30T14:52:45","slug":"new-world-development-posts-hk26-8b-loss-after-11-skies-termination","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-posts-hk26-8b-loss-after-11-skies-termination\/","title":{"rendered":"New World Development posts HK$26.8b loss after 11 Skies termination"},"content":{"rendered":"<p>&#013;<br \/>\nNew World Development (NWD) reported a net loss of HK$26.8 billion (US$3.42 billion) for the year ended June, as the developer booked HK$18.3 billion in impairments and provisions tied to the early termination of its flagship 11 Skies mall project.<br \/>\nEcho Huang, the firm\u2019s chief executive, said at a Wednesday earnings briefing that the group had \u201cmet its targets over the past 18 months\u201d, including focusing on its property business, improving cash flow and enhancing operating efficiency.<br \/>\nNWD will&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.scmp.com\/business\/companies\/article\/3369377\/new-world-development-posts-hk268b-loss-after-11-skies-termination?utm_source=rss_feed\" target=\"_blank\" rel=\"noopener\">New World Development posts HK.8b loss after 11 Skies termination<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; New World Development (NWD) reported a net loss of HK$26.8 billion (US$3.42 billion) for the&#46;&#46;&#46;<\/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-172668","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-IUY","jetpack-related-posts":[{"id":161621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nwd-reports-higher-losses-as-ceo-says-debt-reduction-efforts-yield-results\/","url_meta":{"origin":172668,"position":0},"title":"NWD reports higher losses as CEO says debt reduction efforts yield results","date":"September 26, 2025","format":false,"excerpt":"\r New World Development (NWD), controlled by one of Hong Kong\u2019s richest families, reported losses for the second consecutive year even as its CEO assured shareholders that there was no need for \u201cundue concern\u201d. The developer, which has been battling liquidity problems for the past three years, said losses from\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":156518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nwd-meets-2025-sales-target-and-wins-commitment-to-refinancing\/","url_meta":{"origin":172668,"position":1},"title":"NWD meets 2025 sales target and wins commitment to refinancing","date":"June 27, 2025","format":false,"excerpt":"\r Hong Kong developer New World Development (NWD) secured some much-needed financial relief by hitting a 2025 property sales target of HK$26 billion (US$3.3 billion) and winning a commitment from creditors to refinance HK$87.5 billion of its debt, people familiar with the matter said on Friday. With a strong sales\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":155277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nwd-and-partners-set-record-low-price-for-southside-hong-kong-flats\/","url_meta":{"origin":172668,"position":2},"title":"NWD and partners set record-low price for Southside Hong Kong flats","date":"June 5, 2025","format":false,"excerpt":"\r A consortium of builders led by New World Development (NWD) priced a new residential project on the south side of Hong Kong Island below all neighbouring developments, as the embattled company seeks to whittle down HK$124 billion (US$15.8 billion) in debt. The developers priced 101 flats in the 447-unit\u2026","rel":"","context":"In &quot;Property News&quot;","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":172668,"position":3},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/well-heeled-buyers-swarm-to-new-world-led-deep-water-pavilia-luxury-project\/","url_meta":{"origin":172668,"position":4},"title":"Well-heeled buyers swarm to New World-led Deep Water Pavilia luxury project","date":"May 27, 2025","format":false,"excerpt":"\r The developers of a luxury residential project in Hong Kong\u2019s Southern district pulled in more than HK$1 billion (US$128 million) from the sale of 17 units, as wealthy buyers took advantage of a market downturn to acquire prized assets. The flats at 447-unit Deep Water Pavilia in Wong Chuk\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118787,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-reaps-rewards-from-online-sales-experiments-to-counter-covid-19-crisis\/","url_meta":{"origin":172668,"position":5},"title":"New World Development reaps rewards from online sales experiments to counter Covid-19 crisis","date":"September 30, 2020","format":false,"excerpt":"\r New World Development (NWD) is seeing the fruits of its digital experiments to overcome the Covid-19 crisis after scoring substantial sales from online channels while footfall and tourist arrivals suffered amid lockdown and travel restrictions.The Hong Kong developer has generated more than HK$10.5 billion (US$1.6 billion) in retail revenue\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172668"}],"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=172668"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172668\/revisions"}],"predecessor-version":[{"id":172669,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172668\/revisions\/172669"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}