New World Development is accelerating the sale of its mainland China properties following a recently secured loan refinancing agreement. The company plans to divest several landmark assets, including K11 buildings in Hangzhou, Shenzhen, and Shanghai. The asset sales form part of the group’s broader refinancing strategy, with a preference for buyers such as investment funds and private firms that can offer quick cash transactions. As of December 31, 2024, New World’s completed investment properties in mainland China were valued at HK$50 billion ($6.4 billion). Brokerage materials indicate that the asking price for the Shanghai K11 project is around 2.85 billion RMB ($392 million).