New World Development Business Update – January 2026
.jpg "New World Development announces that the office tower of its large-scale K11 ELYSEA integrated development in Shanghai, is expected to welcome tenants in the second half of this year. The pre-leasing rate has now exceeded 50%.")
.png "Guangzhou Hanxi K11 has crafted an immersive shopping environment through art exhibitions featuring classic IPs, alongside a wide range of markets, driving foot traffic to over 650,000 over the Christmas and New Year festive period.")
.jpg "Benefiting from the three-day holiday break from New Year’s Eve to the Chinese Mainland’s New Year’s Day, footfall at K11 MUSEA rose by nearly 50% YoY, while member spending increased by over 40% YoY.")
.jpg "New World Development was recognised with five prestigious awards at the CTgoodjobs Best HR Awards 2025, including the Grand Award for Employer of the Year.")
New World Development Company Limited (“New World Development” or the “Group”, Hong Kong Stock Code: 00017) announces that the office tower of its large-scale K11 ELYSEA integrated development in Shanghai, is expected to welcome tenants in the second half of this year. The pre-leasing rate has exceeded 50%, reflecting strong market demand.
Chinese Mainland Business
Shanghai K11 ELYSEA office pre-leasing top 50%
Located on Huaihai Road, renowned as the “Oriental Avenue des Champs-Élysées”, Shanghai K11 ELYSEA sits in the heart of the city’s prime district. The project comprises cultural–retail components, art and culture venues and office spaces, with gross floor area (GFA) spanning approximately 1.4 million square feet. It aims to create “Twin Beacon” synergy with the adjacent Shanghai K11 Art Mall.
The office component, named K11 ATELIER Huaihai, is a new commercial development in Shanghai’s CBD and has received multiple architectural awards and green building certifications. Most recently, it won a Silver Award at the BETTER FUTURE “World Design Awards 2026” and has attracted tenants from various professional sectors, including legal, finance, consultancy services and fashion. As of January 2026, the office pre-leasing rate has already exceeded 50%.
Guangzhou K11 completes brand upgrade; New Year sales up 37% YoY
Benefiting from a range of policies to boost consumption and the holiday season in the Chinese Mainland, K11 projects across the Chinese Mainland have seen growth in both footfall and sales since late December 2025. Average daily footfall rose by over 10% year-on-year (YoY), while overall sales jumped by nearly 20%. Sales in the trendy collectible IP category surged by nearly 44%, and electronics sales more than doubled.
During the Christmas and New Year festive period, Guangzhou K11 brought in internationally recognised theatre IP productions, including Mozart! and Apolonia, presented by more than 20 performers from around the world, enriching customers’ cultural experience. Following the K11 brand upgrade, its operating performance continued to improve during the New Year period, with footfall rising by nearly 20% YoY and total sales surging by 37%, reinforcing its position as an art-and-luxury cultural landmark.
In addition, Guangzhou Hanxi K11 created an immersive shopping environment through an art exhibition featuring iconic IP “Girl with a Pearl Earring” and hosted a diverse lineup of markets. These initiatives attracted more than 650,000 visitors over the Christmas and New Year festive period—up by more than 50% compared with the same period the previous month.
In the residential sector, CENTRAL PARK VIEW achieved the nation’s highest average price in 2025, approximately RMB20,253 per square foot. Meanwhile, THE SILLAGE rolled out additional units in January this year to meet strong demand from buyers seeking to upgrade their living quality.
Hong Kong Business
K11 MUSEA sees footfall rise nearly 50% YoY over New Year Holidays
Benefiting from the three-day holiday break from New Year’s Eve to the Chinese Mainland’s New Year’s Day, footfall at the Group’s international cultural retail landmark, K11 MUSEA, recorded a nearly 50% YoY increase. Member sales also recorded growth of over 40% YoY. International luxury brands and watch & jewellery brands, in particular, recorded the strongest performance, up over 40% and 80% YoY respectively, with the highest single purchase by tourists topping HK$1 million. With Chinese New Year approaching, K11 MUSEA will collaborate with payment platforms to launch a series of fresh promotions, offering customers an enriched and rewarding shopping experience.
DEEP WATER PAVILIA achieves record-breaking prices, setting a benchmark for Island South units
In property sales, the Group continued to implement its quick-turnaround strategy. The low-rise luxury residential development on Rose Street in Kowloon Tong is officially named “PAVILIA ROSA”. It offers approximately 100 units, primarily comprising 3- and 4-bedroom residences along with signature units, and is scheduled to be launched by tender in the first quarter.
Sales momentum for DEEP WATER PAVILIA remained strong, with more than 40 units sold in January, generating nearly HK$850 million in sales. Among them, a four-bedroom mansion overlooking Deep Water Bay was sold for HK$107 million, with a price per square foot of over HK$63,000—setting new records for both selling price and price per square foot for standard single-floor units. As of 29 January this year, the project sold 749 units—over 90% of all units—generating more than HK$13 billion in contract sales.
NWD named to CDP A List 2025, ranking in global top 4%
In the field of sustainability, New World Development earned the highest Climate score from CDP, the world’s leading environmental disclosure system, securing a place on the CDP A List 2025. The Group ranked among the top 4% of more than 20,000 companies scored globally in 2025. Alongside its strong results in CDP Water, this recognition reflects the Group’s outstanding performance in areas such as business strategy, risk disclosure, governance and science-based targets—further highlighting our commitment to addressing environmental challenges such as climate risks, and reinforcing the Group’s position as a trusted and resilient partner for investors and stakeholders.
Winner of CTgoodjobs “Best HR Awards 2025” —Employer of the Year Award
In addition, New World Development was recognised with five prestigious awards at the CTgoodjobs Best HR Awards 2025, demonstrating the Group’s unwavering commitment to cultivating a people-first, future-ready, and purpose-driven workplace. Among these accolades, we were particularly honoured to receive the Grand Award for Employer of the Year—a testament to the Group’s outstanding achievements over the years in supporting colleagues’ all-round development and fostering an innovative mindset.