New World Development Company Limited (0017)

Overview

New World Development Company Limited is a conglomerate with a diverse portfolio of businesses spanning across various industries and geographic locations, with a strong presence in Hong Kong and Mainland China. Founded in 1970 and headquartered in Central, Hong Kong, it has grown to become a major player in the property development and investment sectors. The company's operations extend beyond real estate to encompass sectors such as commercial aircraft leasing, expressway operations, construction, insurance, duty-free operations, civil engineering, logistics, land development, and more. It also invests in and manages a wide array of properties, including residential, retail, office, and industrial properties, alongside operating hotels in Hong Kong, Mainland China, and Southeast Asia. Furthermore, New World Development is involved in managing the Hong Kong convention and exhibition centre, operating toll roads, clubhouses, sports academies, shopping malls, and department stores. It provides a myriad of services ranging from information technology, healthcare, project management, retail, advertising, construction, estate agency, property management, and consultancy services, to name a few. This comprehensive approach enables New World Development to offer integrated solutions across different sectors, ensuring a broad and resilient business model.

Products and Services

• Property Development and Investment

The core of New World Development's business, focusing on developing and investing in high-quality residential, retail, office, and industrial properties. The company leverages its expertise in design, construction, and marketing to create landmark projects that enhance urban landscapes.

• Commercial Aircraft Leasing

Offering leasing solutions to airlines, New World Development's aircraft leasing service enables efficient fleet management and operations for commercial carriers, facilitating global connectivity.

• Expressway Operations

Operating expressways in key regions facilitates the improvement of transportation infrastructure, enhancing connectivity and supporting economic growth in local communities.

• Construction and Infrastructure

Engages in the construction of residential and commercial projects, including the development of infrastructure such as expressways and sports parks, contributing to the enhancement of urban environments and community facilities.

• Insurance Products

Provides a variety of insurance products, including whole life, term life, dread disease, medical, disability, and accident insurance, offering comprehensive protection and peace of mind to customers.

• Duty-Free Operations and General Trading

Operates duty-free outlets and engages in general trading activities, offering a diversified range of products to cater to the needs of travelers and consumers.

• Civil Engineering and Logistics

Offers civil engineering solutions and modern logistics services, supporting the development and efficiency of industrial and commercial operations.

• Land Development and Marketing

Involved in land development projects and marketing initiatives, New World Development strategically enhances the value and appeal of its properties and ventures.

• Hotel Ownership and Management

Invests in, owns, and operates hotel properties across Hong Kong, Mainland China, and Southeast Asia, delivering world-class hospitality experiences to travelers and guests.

• Property Management and Consultancy Services

Provides professional property management, agency, and consultancy services, ensuring the optimal performance and value enhancement of real estate assets for clients.