Artificial Intelligence
Builders Company
Developers/New World Group
NW
New World GroupHong Kong, Hong Kong SAR China · founded Founded in 1970 · 2 active markets
PUBLIC LISTED

New World Development builds residential communities, offices, retail destinations, hotels and mixed-use landmarks for residents, businesses, shoppers and guests in Hong Kong and mainland China, combining property development, investment, sales and leasing across major urban markets.

Years in business
56
founded Founded in 1970
Employees
1,349
employees, as reported in a filing · As at 30 June 2026 · size band 1,001–5,000
LinkedIn headcount
1,117
employees, as shown on LinkedIn
Portfolio value
HKD 391.7 billion
30 June 2026
Units delivered
approximately 283,000 sq m
as the company states it
Projects last researched October 12, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
New World Development Company Limited1
Headquarters
18 Queen’s Road1, Hong Kong1, Hong Kong
Founded
Founded in 19701
Entity type
PUBLIC LISTED1
Business model
offplan for sale1, commercial1, mixed use1
Markets
2 markets listed
What they build
Residential, for sale (8 of 9) · Office (1 of 9)
Full dossier in About →

Delivery record

4 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
−2.5 mo
the middle of 4 scored projects
Average delay
+5.1 mo
the same projects, pulled by the worst
Average time to deliver
1.8 yrs
start to completion, over 4 delivered projects
Worst slip
+31.5 mo
The Pavilia Farm III · +26.0 to +37.0
3
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
1
red rows below

Against other developers

4 date-assessed here · 9 developers, 51 date-assessed projects in Hong Kong SAR China
Median delay
New World Group·9 developers in Hong Kong SAR China
−2.5 mo vs 0.0 mo
this developer 2.5 mo better
The typical project on each side.
Average delay
New World Group·9 developers in Hong Kong SAR China
+5.1 mo vs +2.6 mo
this developer 2.5 mo worse
Both pulled by their worst few.
On time
New World Group·9 developers in Hong Kong SAR China
75% vs 80%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
New World Group·9 developers in Hong Kong SAR China
1.8 yrs vs 2.7 yrs
this developer 0.9 yrs faster
Start to completion, over 4 delivered here and 39 in the market.
Projects and timelines in Track Record →

Resident experience

5 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.7/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (1 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 5 rated buildings
Management & living
8.3/ 10
Upkeep, response times, amenities, community · from 4 of 5 rated buildings

Against other developers

5 rated here · 9 developers, 47 rated buildings in Hong Kong SAR China
Overall rating
New World Group · 9 other developers in Hong Kong SAR China
8.7 vs 7.6
this developer 1.1 better
The weighted verdict on each side. From 5 of 5 rated buildings here and 47 in the market.
Structure & systems
New World Group · 9 other developers in Hong Kong SAR China
— vs —
Too few buildings with this score here to compare (1 of 5)
Fabric and engineering only — fixed at handover. From 1 of 5 rated buildings here and 12 in the market.
Management & living
New World Group · 9 other developers in Hong Kong SAR China
8.3 vs 7.3
this developer 1.0 better
Upkeep and response — belongs to whoever runs the building now. From 4 of 5 rated buildings here and 36 in the market.
The market here is Hong Kong SAR China: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • SAFETY / LABOUR Event: November 9, 2024; regulator report: November 10, 2024 On November 9, 2024, a worker died after being trapped by a suddenly descending material hoist at The Pavilia Farm construction site, a joint project of MTR Corporation and New World Development; Hong Kong’s Labour Department issued suspension notices for the hoist and said work could not resume until risks were addressed, while the investigation continued and no liability finding was stated in the report.
  • FINANCIAL DISTRESS Financial year ended June 30, 2025; reported September 26, 2025 For the year ended June 30, 2025, New World Development reported a HK$16.302 billion loss attributable to shareholders from continuing operations, mainly due to one-off impairment provisions and losses; the same filing reported HK$120.1 billion of net debt and a 58.1% net gearing ratio, although it also stated that an HK$88.2 billion refinancing and loan-alignment exercise was completed on June 30, 2025.
  • FINANCIAL DISTRESS Reported June 2, 2025; refinancing completed June 30, 2025 In June 2025, New World Development deferred coupon payments on two perpetual bonds due June 9 and June 10 and said it planned to defer payments on two other bonds due later that month; the report described this as a liquidity concern, while the company subsequently announced that it completed refinancing and alignment covering approximately HK$88.2 billion of offshore unsecured financial indebtedness on June 30, 2025.
  • 5 more in Risk & Sources
Record status
active
Company sources
168 source entries across 162 fields
Projects tracked
10 · 9 completed in assessment
All flags and sources →

Track Record

Delivery record

4 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
−2.5 mo
the middle of 4 scored projects
Average delay
+5.1 mo
the same projects, pulled by the worst
Average time to deliver
1.8 yrs
start to completion, over 4 delivered projects
Worst slip
+31.5 mo
The Pavilia Farm III · +26.0 to +37.0
3
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
1
red rows below

Against other developers

4 date-assessed here · 9 developers, 51 date-assessed projects in Hong Kong SAR China
Median delay
New World Group·9 developers in Hong Kong SAR China
−2.5 mo vs 0.0 mo
this developer 2.5 mo better
The typical project on each side.
Average delay
New World Group·9 developers in Hong Kong SAR China
+5.1 mo vs +2.6 mo
this developer 2.5 mo worse
Both pulled by their worst few.
On time
New World Group·9 developers in Hong Kong SAR China
75% vs 80%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
New World Group·9 developers in Hong Kong SAR China
1.8 yrs vs 2.7 yrs
this developer 0.9 yrs faster
Start to completion, over 4 delivered here and 39 in the market.
The market here is Hong Kong SAR China: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

9 of 9 projects dated · 3 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Shanghai, China
Guangzhou, China
Hong Kong, Hong Kong SAR China
2021202220232024202520262027todaySHANGHAI, CHINAcompleted, no target publishedGUANGZHOU, CHINA+7.5 moestimatedHONG KONG, HONG KONG SAR CHINA+31.5 moverifiedon timeverified−5 moverified−6 moverifieddates under reviewcompleted, no target publishedcompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 3 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

5 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.7/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (1 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 5 rated buildings
Management & living
8.3/ 10
Upkeep, response times, amenities, community · from 4 of 5 rated buildings

Against other developers

5 rated here · 9 developers, 47 rated buildings in Hong Kong SAR China
Overall rating
New World Group · 9 other developers in Hong Kong SAR China
8.7 vs 7.6
this developer 1.1 better
The weighted verdict on each side. From 5 of 5 rated buildings here and 47 in the market.
Structure & systems
New World Group · 9 other developers in Hong Kong SAR China
— vs —
Too few buildings with this score here to compare (1 of 5)
Fabric and engineering only — fixed at handover. From 1 of 5 rated buildings here and 12 in the market.
Management & living
New World Group · 9 other developers in Hong Kong SAR China
8.3 vs 7.3
this developer 1.0 better
Upkeep and response — belongs to whoever runs the building now. From 4 of 5 rated buildings here and 36 in the market.
The market here is Hong Kong SAR China: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

5 rated · 4 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
The Legacy Phase 1Mid-Levels West, Hong Kong106 units
10.0/ 10
—/ 10
10.0/ 10

OKAY.com is the only located platform publishing a building-specific aggregate, and it reports 5.0/5.0 from 22 reviews, which converts to 10/10 under the specified curve. No written resident reviews were available to create recurring themes or support a separate structure score; the living score therefore follows the published aggregate only.

no notes returned

no links returned

The available building page reports an aggregate rating of “5.0 / 5.0” from 22 reviews, but does not expose resident comments about management, staff, security, amenities or upkeep. Independent architectural coverage describes operable façade elements intended to support natural ventilation and a podium with shared amenities, but these are design descriptions rather than resident operational reviews.

New Metropolis MansionPanyu, Guangzhou
9.5/ 10
7.5/ 10
房天下(Fang.com) 4.8/5 · no review count · gz.newhouse.fang.com
房天下(Fang.com) publishes 4.8/5 with no review count. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 7.5.
7.5/ 10
房天下(Fang.com) 4.8/5 · no review count · gz.newhouse.fang.com
房天下(Fang.com) publishes 4.8/5 with no review count. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 7.5.

房天下对该楼盘发布4.8/5综合评分,并同时列出价格、地段、配套、交通和环境均为4.8/5;该页面没有公布评分所依据的评论数量,因此按规则记录为0。交付测评和公开点评对精装、公区、电梯、安保、园林及TOD便利性整体偏正面,但指出会所仍有个别区域未开放、楼栋较密,因此在锚点评分基础上作小幅净上调。

+ 精装交付工艺良好+ 电梯运行平稳安静+ 楼道整洁明亮+ 门禁和监控运行灵敏+ 园林植被维护良好
− 楼栋间距偏密− 低楼层采光和视野存在顾虑− 部分会所区域未开放
+ 地铁与商业步行可达+ 保安主动问候并协助住户+ 物业响应和服务态度获肯定+ 公共区域整洁+ 园林环境良好
− 会所个别区域尚未开放

房天下交付测评称,室内“墙面顶面平整光滑无瑕疵”,并称公共区域“电梯运行平稳安静,楼道整洁明亮”;同时指出会所个别区域尚未开放。房天下点评中也有“楼盘间距较密,低楼层需要考虑采光”的质量与居住观察。

已发布点评普遍强调TOD交通和K11商业便利;一则点评写道“保安会主动问好,还帮着提东西”,交付测评则称门禁、监控“灵敏高效”。但交付测评同时提醒,会所仍有个别区域未开放,因此部分配套的最终状态仍需观察。

Uptown EastNgau Tau Kok & Kowloon Bay, Hong Kong807 units
9.4/ 10
—/ 10
9.4/ 10

Google Reviews/Maps provides the only building-specific published review aggregate located: 4.8/5 from 23 reviews, which sets the anchor and converts to 9.4/10 under the specified curve. The written comments include two negative reports, but no complaint theme meets the recurring-negative threshold, so no commentary adjustment is applied; the available material does not support a separate structure score.

+ Generally smooth handover reported+ New-build condition
− Lift access-card integration issue− One negative handover-quality report
Not found in sources: No serious defects reported by one resident
+ Open views+ Quietness reported+ Convenient transport+ Clubhouse facilities+ Nearby shopping and amenities
− Traffic noise for low floors facing Kwun Tong Road− Limited primary-school choice in school net 46

The available resident comments are mixed on physical quality: one reviewer said handover was smooth and their unit had “冇咩嚴重問題” (no major problems), while another wrote “交樓質素笑死人” (the handover quality is laughable). A separate review described a technical lift issue in which the Octopus card did not connect to the resident’s floor and manual selection was required; there is no published building-specific structural rating or engineering assessment in the material reviewed.

Residents praised the “視野唔錯,寧靜” (good views and quietness) and described the project as convenient for MTR and buses. Independent property commentary highlights the clubhouse, nearby shopping and transport, but cautions that traffic noise is more noticeable in low-floor road-facing units; this is commentary rather than a published resident aggregate sub-score.

The Legacy Phase 2Mid-Levels West, Hong Kong66 units
7.9/ 10
—/ 10
—/ 10

OKAY.com’s building page publishes 4.3/5 from 25 total reviews, converting to 7.9/10 on the specified curve. No recurring themes were reported, so the anchor was not adjusted; structural evidence was not published.

no notes returned

no links returned

No building-specific operational review text was located. OKAY.com publishes an overall 4.3/5.0 based on 25 total reviews, without extractable comments about management, staff, security, amenities or upkeep.

The KnightsbridgeKai Tak, Hong Kong566 units
6.7/ 10
—/ 10
6.5/ 10

美聯物業發布 The Knightsbridge 屋苑評分 4.0/5,但頁面沒有說明評分由多少則評論構成,因此按規則記為0,且不能作為達到10則評論的強錨。4.0/5按曲線為7.0;由於沒有平台達到10則評論,分數按規則收斂至6.5,並沒有足夠獨立書面評論或結構性證據支持更高或更低的調整。

+ 海景景觀+ 會所及泳池設施+ 物業管理專業(來源如此描述)+ 智能服務及包裹配送+ 綠化及休憩空間

no notes returned

no links returned

可見口碑材料稱業主對交通、設計裝修及物業管理「普遍較高」評價,並明確寫到物業管理團隊「專業且服務周到」。不過,這是2025年4月發布、由開發商展示中心帳號發布的宣傳性文章,沒有列出逐條評論、評論者或樣本數;因此不能把它當作獨立、可核驗的住戶評論統計。

Only buildings that have reached handover are rated. 4 of 9 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
New World Development Company Limited
Headquarters
18 Queen’s Road, Hong Kong, Hong Kong
Central
Founded
Founded in 1970
Entity type
PUBLIC LISTED
Revenue
HKD 19992.2 million
30 June 2026
Business model
offplan for sale, commercial, mixed use

Partners

9 partners
MTR Corporation
joint venture

The Pavilia Farm III was jointly developed by the Group and MTR Corporation.

Chow Tai Fook Enterprises Limited
joint venture

The Tseung Kwan O Station consortium comprised NWD, Chow Tai Fook Enterprises and Wee Investment.

Wee Investment (Pte.) Limited
joint venture

Wee Investment held 25% of the Tseung Kwan O Station consortium.

Empire Group
joint venture

Deep Water Pavilia is co-developed by the Group, Empire Group, CSI Properties, Lai Sun Development and MTR Corporation.

CSI Properties
joint venture

Deep Water Pavilia is co-developed by the Group, Empire Group, CSI Properties, Lai Sun Development and MTR Corporation.

Lai Sun Development
joint venture

Deep Water Pavilia is co-developed by the Group, Empire Group, CSI Properties, Lai Sun Development and MTR Corporation.

China Merchants Shekou Industrial Zone Holdings
joint venture

City Gather was developed jointly by New World China, China Merchants Shekou Industrial Zone Holdings, and Poly Developments and Holdings.

Poly Developments and Holdings
joint venture

City Gather was developed jointly by New World China, China Merchants Shekou Industrial Zone Holdings, and Poly Developments and Holdings.

China Resources Land (Overseas) Limited
joint venture

Phase 1 and 2 of Yuen Long South are jointly developed with China Resources Land (Overseas) Limited.

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
The Pavilia Farm III was jointly developed by the Group and MTR Corporation.
value seen: MTR Corporation
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
The Tseung Kwan O Station consortium comprised NWD, Chow Tai Fook Enterprises and Wee Investment.
value seen: Chow Tai Fook Enterprises Limited
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
Wee Investment held 25% of the Tseung Kwan O Station consortium.
value seen: Wee Investment (Pte.) Limited
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
Deep Water Pavilia is co-developed by the Group, Empire Group, CSI Properties, Lai Sun Development and MTR Corporation.
value seen: Empire Group
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
Deep Water Pavilia is co-developed by the Group, Empire Group, CSI Properties, Lai Sun Development and MTR Corporation.
value seen: CSI Properties
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
Deep Water Pavilia is co-developed by the Group, Empire Group, CSI Properties, Lai Sun Development and MTR Corporation.
value seen: Lai Sun Development
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
City Gather was developed jointly by New World China, China Merchants Shekou Industrial Zone Holdings, and Poly Developments and Holdings.
value seen: China Merchants Shekou Industrial Zone Holdings
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
City Gather was developed jointly by New World China, China Merchants Shekou Industrial Zone Holdings, and Poly Developments and Holdings.
value seen: Poly Developments and Holdings
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Sources: partners

FILINGdate not shown in source

Annual Report 2026

New World Development Company Limited · carried by www1.hkexnews.hk
Phase 1 and 2 of Yuen Long South are jointly developed with China Resources Land (Overseas) Limited.
value seen: China Resources Land (Overseas) Limited
value paraphrased from this source
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1006/2026100601549.pdf

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

2 countries
Hong Kong SAR Chinaactive 7 projects tracked
Chinaactive 2 projects tracked

What they build

2 types
Residential, for sale8 of 9
Office1 of 9
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
DC
Dr. Cheng Kar-Shun, Henry
Henry Cheng is New World Development’s chairman and a long-serving executive director who has led the group since succeeding to the managing-director role in 1989. The company profile also records his chairmanships across major listed affiliates and substantial-shareholder family companies, while independent university material documents his education and long operating history.
Current title
Chairman and Executive Director
Experience
no career length stated
Companies before
none sourced
Education
Ivey Business School, Western UniversityHBA (1971); MBA (1972)
Other boards
Chairman and executive director, New World Department Store China LimitedChairman and executive director, CTF Services LimitedChairman and executive director, Chow Tai Fook Jewellery Group LimitedChairman and non-executive director, FSE Lifestyle Services Limited
Known for
ChairmanManaging director since 1989Listed-company chairIvey HBA/MBA
since Chairman from March 2012
Giving back to society has always been at the heart of our family. The University of Hong Kong https://www4.hku.hk/hongrads/citations/henry-kar-shun-cheng-henry-cheng-kar-shun

Sources: degree

COMPANYdate not shown in source

Director profile

New World Development
HBA (1971); MBA (1972)
value seen: HBA (1971); MBA (1972)
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: institution

COMPANYdate not shown in source

Director profile

New World Development
Ivey Business School, Western University
value seen: Ivey Business School, Western University
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: full name

COMPANYdate not shown in source

Director profile

New World Development
Dr. Cheng Kar-Shun, Henry
value seen: Dr. Cheng Kar-Shun, Henry
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chairman and executive director, New World Department Store China Limited
value seen: Chairman and executive director, New World Department Store China Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chairman and executive director, CTF Services Limited
value seen: Chairman and executive director, CTF Services Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chairman and executive director, Chow Tai Fook Jewellery Group Limited
value seen: Chairman and executive director, Chow Tai Fook Jewellery Group Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chairman and non-executive director, FSE Lifestyle Services Limited
value seen: Chairman and non-executive director, FSE Lifestyle Services Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: publisher

PRESSdate not shown in source

The University of Hong Kong

www4.hku.hk
The University of Hong Kong
value seen: The University of Hong Kong
https://www4.hku.hk/hongrads/citations/henry-kar-shun-cheng-henry-cheng-kar-shun

Sources: quote

PRESSdate not shown in source

The University of Hong Kong

www4.hku.hk
Giving back to society has always been at the heart of our family.
value seen: Giving back to society has always been at the heart of our family.
https://www4.hku.hk/hongrads/citations/henry-kar-shun-cheng-henry-cheng-kar-shun

Sources: url

PRESSdate not shown in source

The University of Hong Kong

www4.hku.hk
https://www4.hku.hk/hongrads/citations/henry-kar-shun-cheng-henry-cheng-kar-shun
value seen: https://www4.hku.hk/hongrads/citations/henry-kar-shun-cheng-henry-cheng-kar-shun
https://www4.hku.hk/hongrads/citations/henry-kar-shun-cheng-henry-cheng-kar-shun

Sources: role type

COMPANYdate not shown in source

Director profile

New World Development
Chairman and Executive Director
value seen: Chairman and Executive Director
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: since

COMPANYdate not shown in source

Director profile

New World Development
Chairman from March 2012
value seen: Chairman from March 2012
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: summary

COMPANYdate not shown in source

Director profile

New World Development
Chairman and Executive Director
value seen: Chairman and Executive Director
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs
COMPANYdate not shown in source

Director profile

New World Development
Appointed as
value seen: Appointed as
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Chairman
value seen: Chairman
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Managing director since 1989
value seen: Managing director since 1989
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Listed-company chair
value seen: Listed-company chair
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Ivey HBA/MBA
value seen: Ivey HBA/MBA
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs

Sources: title

COMPANYdate not shown in source

Director profile

New World Development
Chairman and Executive Director
value seen: Chairman and Executive Director
https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-cheng-kar-shun-henry-gbs
MD
Mr. Doo Wai-Hoi, William
William Doo is New World Development’s vice-chairman and a non-executive director. His documented external positions include chairing FSE Lifestyle Services and Fungseng Prosperity, giving investors visibility into his wider board and operating network.
Current title
Vice-chairman and Non-executive Director
since July 2013
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
Chairman and executive director, FSE Lifestyle Services LimitedIndependent non-executive director, Shanghai Industrial Urban Development Group LimitedChairman and director, Fungseng Prosperity Holdings Limited
Known for
Vice-chairmanNon-executive directorFSE Lifestyle chairFungseng Prosperity chair

Sources: full name

COMPANYdate not shown in source

Director profile

New World Development
Mr. Doo Wai-Hoi, William
value seen: Mr. Doo Wai-Hoi, William
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chairman and executive director, FSE Lifestyle Services Limited
value seen: Chairman and executive director, FSE Lifestyle Services Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Independent non-executive director, Shanghai Industrial Urban Development Group Limited
value seen: Independent non-executive director, Shanghai Industrial Urban Development Group Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chairman and director, Fungseng Prosperity Holdings Limited
value seen: Chairman and director, Fungseng Prosperity Holdings Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: role type

COMPANYdate not shown in source

Director profile

New World Development
Vice-chairman and Non-executive Director
value seen: Vice-chairman and Non-executive Director
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: since

COMPANYdate not shown in source

Director profile

New World Development
July 2013
value seen: July 2013
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: summary

COMPANYdate not shown in source

Director profile

New World Development
Vice-chairman and Non-executive Director
value seen: Vice-chairman and Non-executive Director
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp
COMPANYdate not shown in source

Director profile

New World Development
Appointed as
value seen: Appointed as
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Vice-chairman
value seen: Vice-chairman
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Non-executive director
value seen: Non-executive director
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
FSE Lifestyle chair
value seen: FSE Lifestyle chair
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Fungseng Prosperity chair
value seen: Fungseng Prosperity chair
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp

Sources: title

COMPANYdate not shown in source

Director profile

New World Development
Vice-chairman and Non-executive Director
value seen: Vice-chairman and Non-executive Director
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-doo-wai-hoi-william-jp
MH
Ms. Huang Shaomei, Echo
Echo Huang runs New World Development’s Hong Kong and Mainland China operations and reports to the chairman. Her documented background spans more than 20 years in real estate, Mainland urban-planning and infrastructure consulting, a Southern-China managing-director role at a listed developer, and senior New World China leadership.
Current title
Executive Director and Chief Executive Officer
Experience
20+ years real estate
Companies before
International consulting firmHong Kong-listed property developer
Education
not published
Other boards
Vice-chairman and executive director, New World Department Store China LimitedVice chairman and executive member, China Charity Alliance
Known for
CEO since November 2024Mainland ChinaUrban planningExecutive director
since Chief Executive Officer from November 2024
The seven strategies to reduce debt have worked. New World Development H1 2026 earnings call transcript 2026-02-27https://stockanalysis.com/quote/hkg/0017/transcripts/392520-h1-2026/

Sources: full name

COMPANYdate not shown in source

Director profile

New World Development
Ms. Huang Shaomei, Echo
value seen: Ms. Huang Shaomei, Echo
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Vice-chairman and executive director, New World Department Store China Limited
value seen: Vice-chairman and executive director, New World Department Store China Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Vice chairman and executive member, China Charity Alliance
value seen: Vice chairman and executive member, China Charity Alliance
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: previous companies

COMPANYdate not shown in source

Director profile

New World Development
International consulting firm
value seen: International consulting firm
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: previous companies

COMPANYdate not shown in source

Director profile

New World Development
Hong Kong-listed property developer
value seen: Hong Kong-listed property developer
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: date

PRESS2026-02-27

New World Development H1 2026 earnings call transcript

stockanalysis.com
2026-02-27
value seen: 2026-02-27
https://stockanalysis.com/quote/hkg/0017/transcripts/392520-h1-2026/

Sources: publisher

PRESS2026-02-27

New World Development H1 2026 earnings call transcript

stockanalysis.com
New World Development H1 2026 earnings call transcript
value seen: New World Development H1 2026 earnings call transcript
https://stockanalysis.com/quote/hkg/0017/transcripts/392520-h1-2026/

Sources: quote

PRESS2026-02-27

New World Development H1 2026 earnings call transcript

stockanalysis.com
The seven strategies to reduce debt have worked.
value seen: The seven strategies to reduce debt have worked.
https://stockanalysis.com/quote/hkg/0017/transcripts/392520-h1-2026/

Sources: url

PRESS2026-02-27

New World Development H1 2026 earnings call transcript

stockanalysis.com
https://stockanalysis.com/quote/hkg/0017/transcripts/392520-h1-2026/
value seen: https://stockanalysis.com/quote/hkg/0017/transcripts/392520-h1-2026/
https://stockanalysis.com/quote/hkg/0017/transcripts/392520-h1-2026/

Sources: role type

COMPANYdate not shown in source

Director profile

New World Development
Executive Director and Chief Executive Officer
value seen: Executive Director and Chief Executive Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: since

COMPANYdate not shown in source

Director profile

New World Development
Chief Executive Officer from November 2024
value seen: Chief Executive Officer from November 2024
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: summary

COMPANYdate not shown in source

Director profile

New World Development
Executive Director and Chief Executive Officer
value seen: Executive Director and Chief Executive Officer
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo
COMPANYdate not shown in source

Director profile

New World Development
Appointed as
value seen: Appointed as
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
CEO since November 2024
value seen: CEO since November 2024
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
20+ years real estate
value seen: 20+ years real estate
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Mainland China
value seen: Mainland China
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Urban planning
value seen: Urban planning
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Executive director
value seen: Executive director
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo

Sources: title

COMPANYdate not shown in source

Director profile

New World Development
Executive Director and Chief Executive Officer
value seen: Executive Director and Chief Executive Officer
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-huang-shaomei-echo
MC
Ms. Cheng Chi-Man, Sonia
Sonia Cheng oversees New World’s hotel division and is also CEO of Rosewood Hotel Group. Before joining the group she worked in investment banking and US private equity focused on real estate; independent reporting describes her role in scaling Rosewood into a global luxury-hospitality platform.
Current title
Executive Director
since March 2012
Experience
no career length stated
Companies before
Morgan StanleyWarburg Pincus
Education
Harvard UniversityBA in Applied Mathematics, concentration in Economics
Other boards
Vice-chairman and executive director, Chow Tai Fook Jewellery Group LimitedChairman and non-executive director, Giordano International LimitedNon-executive director, UMP Healthcare Holdings LimitedChief executive officer, Rosewood Hotel GroupIndependent non-executive director, The Hongkong and Shanghai Banking Corporation Limited
Known for
Hotel divisionRosewood CEOHarvard BAEx-investment bankingEx-private equity
The next couple of years is really exciting. CNA Luxury 2023-12-29https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096
Our philosophy is that hotels are not just places for travellers to stay. CNA Luxury 2023-12-29https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: degree

COMPANYdate not shown in source

Director profile

New World Development
BA in Applied Mathematics, concentration in Economics
value seen: BA in Applied Mathematics, concentration in Economics
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: institution

COMPANYdate not shown in source

Director profile

New World Development
Harvard University
value seen: Harvard University
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: full name

COMPANYdate not shown in source

Director profile

New World Development
Ms. Cheng Chi-Man, Sonia
value seen: Ms. Cheng Chi-Man, Sonia
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Vice-chairman and executive director, Chow Tai Fook Jewellery Group Limited
value seen: Vice-chairman and executive director, Chow Tai Fook Jewellery Group Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chairman and non-executive director, Giordano International Limited
value seen: Chairman and non-executive director, Giordano International Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Non-executive director, UMP Healthcare Holdings Limited
value seen: Non-executive director, UMP Healthcare Holdings Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Chief executive officer, Rosewood Hotel Group
value seen: Chief executive officer, Rosewood Hotel Group
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Independent non-executive director, The Hongkong and Shanghai Banking Corporation Limited
value seen: Independent non-executive director, The Hongkong and Shanghai Banking Corporation Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: previous companies

COMPANYdate not shown in source

Director profile

New World Development
Morgan Stanley
value seen: Morgan Stanley
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: previous companies

COMPANYdate not shown in source

Director profile

New World Development
Warburg Pincus
value seen: Warburg Pincus
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: date

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
2023-12-29
value seen: 2023-12-29
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: publisher

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
CNA Luxury
value seen: CNA Luxury
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: quote

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
The next couple of years is really exciting.
value seen: The next couple of years is really exciting.
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: url

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096
value seen: https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: date

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
2023-12-29
value seen: 2023-12-29
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: publisher

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
CNA Luxury
value seen: CNA Luxury
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: quote

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
Our philosophy is that hotels are not just places for travellers to stay.
value seen: Our philosophy is that hotels are not just places for travellers to stay.
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: url

PRESS2023-12-29

CNA Luxury

cnaluxury.channelnewsasia.com
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096
value seen: https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096
https://cnaluxury.channelnewsasia.com/people/sonia-cheng-rosewood-hotels-new-world-hong-kong-242096

Sources: role type

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: since

COMPANYdate not shown in source

Director profile

New World Development
March 2012
value seen: March 2012
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: summary

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/
COMPANYdate not shown in source

Director profile

New World Development
Appointed as
value seen: Appointed as
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Hotel division
value seen: Hotel division
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Rosewood CEO
value seen: Rosewood CEO
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Harvard BA
value seen: Harvard BA
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Ex-investment banking
value seen: Ex-investment banking
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Ex-private equity
value seen: Ex-private equity
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/

Sources: title

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-cheng-chi-man-sonia/
MS
Mr. Sitt Nam-Hoi
Sitt Nam-Hoi is the executive director responsible for Hong Kong projects and the senior director of New World’s Property Development Department. He joined in 2011 after more than 25 years as a project director at a listed Hong Kong company and earlier work in the Hong Kong Government’s Buildings Department.
Current title
Executive Director
since June 2018
Experience
25+ years prior listed-company experience
Companies before
none sourced
Education
The University of Hong KongBachelor of Architecture; Bachelor of Arts in Architectural Studies
Other boards
none sourced
Known for
Hong Kong projectsRegistered architectAuthorised Person

Sources: degree

COMPANYdate not shown in source

Director profile

New World Development
Bachelor of Architecture; Bachelor of Arts in Architectural Studies
value seen: Bachelor of Architecture; Bachelor of Arts in Architectural Studies
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: institution

COMPANYdate not shown in source

Director profile

New World Development
The University of Hong Kong
value seen: The University of Hong Kong
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: full name

COMPANYdate not shown in source

Director profile

New World Development
Mr. Sitt Nam-Hoi
value seen: Mr. Sitt Nam-Hoi
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: role type

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: since

COMPANYdate not shown in source

Director profile

New World Development
June 2018
value seen: June 2018
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: summary

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi
COMPANYdate not shown in source

Director profile

New World Development
Appointed as
value seen: Appointed as
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Hong Kong projects
value seen: Hong Kong projects
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Registered architect
value seen: Registered architect
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Authorised Person
value seen: Authorised Person
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
25+ years prior listed-company experience
value seen: 25+ years prior listed-company experience
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi

Sources: title

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
https://www.nwd.com.hk/corporate/about-NWD/leadership/mr-sitt-nam-hoi
MC
Ms. Chiu Wai-Han, Jenny
Jenny Chiu is the executive director responsible for corporate services, including human resources, administration and information technology. She joined New World in 2004, has more than 20 years of human-resources and corporate-management experience, and also serves as an executive director of New World Department Store China.
Current title
Executive Director
since May 2020
Experience
20+ years hr/corporate management
Companies before
none sourced
Education
The Chinese University of Hong Kong
Other boards
Executive director, New World Department Store China LimitedMember, Employees Retraining BoardMember, Advisory Committee of the Partnership Fund for the Disadvantaged, Social Welfare Department
Known for
Corporate servicesHuman resourcesInformation technology

Sources: institution

COMPANYdate not shown in source

Director profile

New World Development
The Chinese University of Hong Kong
value seen: The Chinese University of Hong Kong
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: full name

COMPANYdate not shown in source

Director profile

New World Development
Ms. Chiu Wai-Han, Jenny
value seen: Ms. Chiu Wai-Han, Jenny
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Executive director, New World Department Store China Limited
value seen: Executive director, New World Department Store China Limited
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Member, Employees Retraining Board
value seen: Member, Employees Retraining Board
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: other boards

COMPANYdate not shown in source

Director profile

New World Development
Member, Advisory Committee of the Partnership Fund for the Disadvantaged, Social Welfare Department
value seen: Member, Advisory Committee of the Partnership Fund for the Disadvantaged, Social Welfare Department
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: role type

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: since

COMPANYdate not shown in source

Director profile

New World Development
May 2020
value seen: May 2020
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: summary

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny
COMPANYdate not shown in source

Director profile

New World Development
Appointed as
value seen: Appointed as
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Corporate services
value seen: Corporate services
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Human resources
value seen: Human resources
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
Information technology
value seen: Information technology
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: tags

COMPANYdate not shown in source

Director profile

New World Development
20+ years HR/corporate management
value seen: 20+ years HR/corporate management
value paraphrased from this source
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Sources: title

COMPANYdate not shown in source

Director profile

New World Development
Executive Director
value seen: Executive Director
https://www.nwd.com.hk/corporate/about-NWD/leadership/ms-chiu-wai-han-jenny

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

1 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

9 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
K11 ATELIER HuaihaiShanghai, China
office————————Sep 2026—not scorablecompleted
New Metropolis MansionGuangzhou, China
Panyu
residential for sale—————20232023年3月26日Jan 2025 – Dec 2025Feb 2026+7.5 mo
(+2.0 to +13.0)
estimatedcompleted
The Pavilia Farm IIIHong Kong, Hong Kong SAR China
Sha Tin
residential for sale8921———5%/5%/90%1202105/06/2021Jan 2023 – Dec 2023Feb 2026+31.5 mo
(+26.0 to +37.0)
sourcedcompleted
The Pavilia Forest IIIHong Kong, Hong Kong SAR China
Kai Tak
residential for sale264124 floors——5%/95%1202426 July 2024Aug 2025Aug 20250.0 mo
(0.0 to 0.0)
sourcedcompleted
The Pavilia Forest IIHong Kong, Hong Kong SAR China
Kai Tak
residential for sale7501———5% / 1% / 1% / 1% / 92%120242 October 2024Aug 2025Mar 2025−5.0 mo
(−5.0 to −5.0)
sourcedcompleted
Uptown EastHong Kong, Hong Kong SAR China
Ngau Tau Kok & Kowloon Bay
residential for sale8071———5% + 5% + 90%1202417 Mar 2024Jun 2025Dec 2024−6.0 mo
(−6.0 to −6.0)
sourcedcompleted
The KnightsbridgeHong Kong, Hong Kong SAR China
Kai Tak
residential for sale5661———5/951202305/05/2023Jan 2024 – Dec 2024Jun 2024dates under reviewdates under reviewcompleted
The Legacy Phase 1Hong Kong, Hong Kong SAR China
Mid-Levels West
residential for sale1061———5%/3%/92%1202524/09/2025—Mar 2024—not scorablecompleted
The Legacy Phase 2Hong Kong, Hong Kong SAR China
Mid-Levels West
residential for sale661————202522/10/2025—Mar 2024—not scorablecompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

7 found
RANKING Ranked 26 June 2024
World’s Most Sustainable Companies of 2024
New World Development ranked 43rd in the 2024 global list, which evaluated companies on sustainability and corporate-responsibility indicators.
COMPANY AWARD Winner 9 December 2022
Best Developer (Asia) Award
New World Development Company Limited was named the regional Best Developer (Asia) winner at the 2022 PropertyGuru Asia Property Awards Grand Final.
PROJECT AWARD Winner 2023
Award of Excellence — Systems Category · 11 SKIES
11 SKIES, whose client is identified as New World Development, received the 2023 CTBUH Award of Excellence in the Systems category.
Council on Tall Buildings and Urban Habitat (CTBUH) · https://2023.ctbuhconference.com/program/award-of-excellence-winners/
SUSTAINABILITY Winner 3 November 2023
Green Building Award 2023 — New Buildings Category: Completed Projects—Commercial—Grand Award · K11 ATELIER 11 SKIES
K11 ATELIER 11 SKIES received the Green Building Award 2023 Grand Award in the completed commercial projects category; the award listing identifies the project in New World Development’s recognitions.
Hong Kong Green Building Council and Professional Green Building Council · https://www.hkgbc.org.hk/tch/news-events/news/2023/20231106.jsp
RANKING Ranked July 2024
2024 Asia Executive Team Rankings — Most Honored Company (Rest of Asia)
New World Development Company Limited was listed as Most Honored Company in the Rest of Asia, alongside recognition in several executive-team and investor-relations categories.
PROJECT AWARD Winner 9 December 2022
Best Mega Mixed-Use Development (Asia) Award · 11 SKIES
11 SKIES by Lead8 and New World Development Company Limited won the regional Best Mega Mixed Use Development (Asia) award.
PROJECT AWARD Winner 2021
Property Management Team of the Year · Victoria Dockside
The Victoria Dockside property management team received the RICS Hong Kong Property Management Team of the Year award.
Royal Institution of Chartered Surveyors (RICS) Awards Hong Kong · https://www.nwd.com.hk/corporate/awards-and-recognitions

Risks

Auditor & credit ratings

1 agency
AuditorPricewaterhouseCoopers
Japan Credit Rating AgencyA- stable outlook · March 31, 2026

Risk flags

8 found
SAFETY / LABOUR Event: November 9, 2024; regulator report: November 10, 2024
On November 9, 2024, a worker died after being trapped by a suddenly descending material hoist at The Pavilia Farm construction site, a joint project of MTR Corporation and New World Development; Hong Kong’s Labour Department issued suspension notices for the hoist and said work could not resume until risks were addressed, while the investigation continued and no liability finding was stated in the report.
FINANCIAL DISTRESS Financial year ended June 30, 2025; reported September 26, 2025
For the year ended June 30, 2025, New World Development reported a HK$16.302 billion loss attributable to shareholders from continuing operations, mainly due to one-off impairment provisions and losses; the same filing reported HK$120.1 billion of net debt and a 58.1% net gearing ratio, although it also stated that an HK$88.2 billion refinancing and loan-alignment exercise was completed on June 30, 2025.
FINANCIAL DISTRESS Reported June 2, 2025; refinancing completed June 30, 2025
In June 2025, New World Development deferred coupon payments on two perpetual bonds due June 9 and June 10 and said it planned to defer payments on two other bonds due later that month; the report described this as a liquidity concern, while the company subsequently announced that it completed refinancing and alignment covering approximately HK$88.2 billion of offshore unsecured financial indebtedness on June 30, 2025.
DELIVERY DELAY Event: July 3–6, 2021; company report: July 8, 2021
On July 3, 2021, testing found that concrete in parts of Towers 1 and 8 of The Pavilia Farm III did not meet approved design requirements; New World Development suspended construction, reported the matter to MTR and the Buildings Department, demolished and rebuilt the affected structures, and stated on July 8 that handover would be delayed by approximately nine months for 846 affected buyers.
PROJECT CANCELLED 2026-09-30 agreement; handback/termination scheduled for 2027-04-01
11 SKIES: New World Development and its indirect wholly owned subsidiary Roxy Limited agreed on 30 September 2026 to terminate the airport sub-lease early and surrender the development to Airport Authority Hong Kong on 1 April 2027; this is a future handback commitment, not a completed handover as of the research date.
PROJECT CANCELLED Withdrawal reported as 2024; position reported as of 2026-08-07
Lishan Village urban-renewal project, Guangzhou: reporting says New World China fully withdrew in 2024 and handed the project to state-owned Huadihe Urban Construction, with the original plan replaced and no large-scale construction evident; the later project is therefore described as government/state-enterprise-led rather than an active New World project.
PROJECT CANCELLED Withdrawal reported as 2024; position reported as of 2026-08-07
Xiajie Village urban-renewal project, Zengcheng, Guangzhou: reporting says New World China withdrew in 2024 after negotiations on villagers’ compensation made no progress, leaving the project at area-planning stage with no replacement developer reported by August 2026.
DELIVERY DELAY Commitment deadline 2025-12-31; non-start and company response reported 2026-08-10
Nanji Village urban-renewal project, Haizhu, Guangzhou: New World China’s 2021 cooperation terms required resettlement-housing construction to start by 31 December 2025, but reporting in August 2026 said there was still no sign of construction; New World China denied having a current withdrawal plan and said it was negotiating with relevant authorities, so this is an overdue/stalled commitment rather than a confirmed cancellation.

Record status

active
Coverageactive
Tracked sinceOctober 11, 2026
Last checkedOctober 12, 2026 this month
Profile last researchedOctober 12, 2026
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