Hong Kong property company reduces year-on-year loss by 44% to HK$3.7bn
New World Development’s K11 Musea in Hong Kong — a shopping mall combining retail, art, culture and entertainment space. © Getty Images
LORRETTA CHEN
February 27, 2026 20:23 JST
HONG KONG — Beleaguered Hong Kong real estate company New World Development reported a 50% year-on-year fall in revenue in its latest half, as it grapples with debt challenges and China’s real estate slump.