New World faces risk of mounting losses amid Hong Kong property slump

Quick Summary:

New CEO Huang has to grapple with looming losses on costly projects in a market downturn.

NWD had spent a significant sum to acquire the former cinema and two attached buildings.

Phase one, comprising 388 units, is slated to come on the market early next year.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Projects Point Nwd’s Phase Significant Residential Units State Portion North Development

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 07:30:13 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 210 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24247178

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Official Website: scmp.com

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