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Bloomberg: The completion volume of private residential buildings in Hong Kong reached a four-year low in the first two months of this year and is expected to experience a Top Reversal.
According to the data from the research center of Midland Realty and the Buildings Department, the number of private Residence completions in Hong Kong in February recorded a total of 1,624 units, which is a month-on-month decrease of about 13.9% compared to January's 1,886 units, marking a decline for two consecutive months and reaching a new low in five months.
Express News | New World Development - Lau Fu-Keung and Hui Ka-Wai Appointed as Joint Company Secretaries
Express News | New World Development Co - Cheng Chi-Man, Sonia Appointed as a Member of Nomination Committee
NEW WORLD DEV (00017.HK) appoints Liu Fuqiang and Xu Jiahui as co-company secretaries.
On April 24, Gelonghui announced that NEW WORLD DEV (00017.HK) has made changes to the composition of the nomination committee and the appointments of the company secretary and authorized representatives, effective from May 1, 2025: (1) Zheng Zhijun has been appointed as a member of the nomination committee; (2) Zheng Jiachun will no longer serve as the chairman and member of the nomination committee; (3) Li Lianwei (a member of the nomination committee) has been appointed as the chairman of the nomination committee; (4) Wang Wenhai will resign as company secretary and will no longer serve as an authorized representative of the company; (5) Liu Fuqiang and Xu Jiahui have been appointed as joint company secretaries; and (6) Xu Jia.
In March, the total value of property sale and purchase agreements in Hong Kong was 45.6 billion HKD, which is a month-on-month increase of 61.4% and a year-on-year increase of 22.1%.
In March, the total value of property sales contracts in Hong Kong was 45.6 billion Hong Kong dollars, an increase of 61.4% compared to February, and also up 22.1% compared to March last year.
Market Chatter: New World Development Revising Terms for Two Loans
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