New World Development posts H1 loss as woes persist
Mounting debt, vacant commercial space, and a potential Blackstone takeover define precarious moment for property dynasty.
The 11 Skies retail and commercial project, developed by New World Development’s K11 brand, near Hong Kong International Airport in Hong Kong, China, on Monday, September 22, 2025. Image: New World Development
The 11 Skies retail and commercial project, developed by New World Development’s K11 brand, near Hong Kong International Airport in Hong Kong, China, on Monday, September 22, 2025. Image: New World Development