New World Development Business Update – June 2025
New World Development Company Limited (“New World Development” or “the Group”, Hong Kong Stock Code: 00017) continued to advance its property sales efforts in the Mainland and Hong Kong, delivering exceptional results. As of 25 June, the Group has achieved its HK$26 billion contracted sales target for the FY2024/2025.
Mainland Business
Delivery of Guangzhou’s “NEW METROPOLIS” Project Commenced
New World China showcased robust sales momentum in the Mainland. Multiple projects, including “THE SILLAGE” in Guangzhou, “New World China Stars”, and “Shenyang THE PARKSVILLE”, continued to lead the high-end market, ranking among the top in sales charts in their respective cities or districts.
“Shenyang THE PARKSVILLE” has shown strong performance since the start of 2025, ranking first in Shenyang’s residential property sales in May. The project has gained strong market appeal due to its prime location, scenic views, well-established surrounding amenities, and immediate readiness for occupation. The premium residential project “NEW METROPOLIS MANSION”, a K11 Select mall, and Grade A offices under the landmark project “NEW METROPOLIS” in Guangzhou, have commenced their delivery.
The newly launched units at “THE SILLAGE” and “Guangzhou Foshan New World Metropolitan Complex” in Guangzhou also achieved remarkable sales success. Following its achievement as the top-selling project in Liwan District’s through online sales in May 2025, “THE SILLAGE” launched the “Property Upgrade Programme for Core Cities” in June, resulting in a year-on-year increase in visitation of nearly 1.6 times, drawing wide attention in the trade-up market. Similarly, “Guangzhou Foshan New World Metropolitan Complex” has gained significant interest from local buyers for its latest round of release, with a collective of Hong Kong-based buyers purchasing five exclusive, fully-furnished villas with private elevators. During the “618” shopping festival, the project’s sales event saw transaction volumes double. Additionally, the new phase of “The Canton View of Central Park View” in Guangzhou was launched in June, offering residential units with gross areas ranging from 2,734 to 8,988 square feet.
K11 ECOAST, which successfully opened in Shenzhen in phases at the end of April this year, recorded a peak visitation of 300,000 visitors on the first day of the Labour Day holiday. This new cultural-tourism hotspot in the Guangdong-Hong Kong-Macao Greater Bay Area has recently welcomed nearly 20 retail brands and will collaborate with various brands within the mall to create an “Outdoor + Sports” carnival to further boost visitation.
Hong Kong Business
DEEP WATER PAVILIA top in total sales and volume among Hong Kong Island’s Luxury New Developments
“DEEP WATER PAVILIA”, an ultra-luxury residential project in Island South, co-developed by New World Development, Empire Group, CSI Properties, Lai Sun Development and MTR Corporation, has achieved strong sales since its launch. As of 25 June 2025, over 330 units had been sold, with approximately 70% of buyers choosing 120-day cash payment plan. The highest transaction price was close to HK$50,000 per square foot. Among its homebuyers, approximately half were from Hong Kong focusing on luxury property projects. It also attracted overseas homebuyers, including those from Singapore, Japan, and South Korea.
Meanwhile, two other residential projects under New World Development’s “PAVILIA COLLECTION” have continued to perform strongly. “THE PAVILIA FOREST”, a luxury residential landmark surrounded by water on three sides in the prime Kai Tak runway area and jointly developed by the Group and Far East Consortium, has been highly favoured by both investors and expatriate buyers. It recorded the highest sales volume among residential projects in the Kai Tak runway area in 2024. As of 25 June 2025, more than 580 units had been sold under “THE PAVILIA FOREST”, with the highest transaction price was close to HK$25,500 per square foot.
“STATE PAVILIA”, a large-scale, world-class heritage residence located in the heart of Hong Kong Island, continued to be highly sought after by the renowned and influential, and high-spending investors. As of 25 June 2025, more than 320 units had been sold, with the highest transaction price was close to HK$51,000 per square foot. Overseas homebuyers were also drawn to the project.
In addition, K11 MUSEA in Tsim Sha Tsui will launch its annual summer program “WANDERLUST EXPRESS”, featuring two world-class events. The CR7®️ LIFE Museum Hong Kong, paying tribute to Portuguese football legend Cristiano Ronaldo, will make its Asian debut in early July. The hugely popular Japanese anime character CHIIKAWA will also feature in the “CHIIKAWA DAYS” large-scale themed exhibition, organised by creative brand AllRightsReserved in collaboration with CHIIKAWA’s official licensor Spiralcute International, from 1 August to 24 August at K11 MUSEA and Tsim Sha Tsui Harbourfront. These events are expected to attract a surge in visitors to K11 MUSEA, with a series of consumption offers to provide a “one-day tour” experience combining entertainment, culture, dining, and shopping.