Once a symbol of Hong Kong’s property-fueled prosperity, New World Development Co. has become one of its most visible casualties.
After years of easy credit and unabated expansion, the property giant – once among the most deep-pocketed in the city – is now facing a financial reckoning.
https://www.bloomberg.com/news/articles/2025-11-10/why-hong-kong-developer-new-world-is-struggling-under-heavy-debt