New World Development Company Limited

New World Development Company Limited is a prominent Hong Kong-based conglomerate specializing in real estate development, investment, and related services. Established in 1970, the company has built a diversified portfolio spanning residential, commercial, office, and industrial properties in both Hong Kong and Mainland China. Beyond property, New World Development is active in sectors such as hotels, infrastructure, construction, and general merchandise. The company’s operations encompass not only property management and development, but also loyalty programs, fashion retail, land development, and facility operations like shopping malls, sports parks, and clubhouses. With a history of significant investments across Greater China, New World Development stands as a key player influencing urban development, retail, hospitality, and infrastructure. The company is owned by Chow Tai Fook Enterprises Limited and overseen by members of the Cheng family, reflecting a strong legacy and enduring presence in the region’s corporate landscape.