|Bid||7.42 x 0|
|Ask||7.43 x 0|
|Day's range||7.42 - 7.46|
|52-week range||7.17 - 9.35|
|Beta (5Y monthly)||-0.06|
|PE ratio (TTM)||35.72|
|Earnings date||30 Apr 2021|
|Forward dividend & yield||0.06 (0.75%)|
|Ex-dividend date||20 Aug 2021|
|1y target est||N/A|
New World Development's Grade A commercial building at 888 Lai Chi Kok Road in Cheung Sha Wan is expected to be completed in April 2022. (Picture: New World Development)SINGAPORE (EDGEPROP) - Hong Kong developer New World Development has sold three floors from its upcoming Grade A commercial building at 888 Lai Chi Kok Road in Cheung Sha Wan, Hong Kong.Read also: Hong Kong home prices slip from all-time high amid concerns about stock market wealth, policy speculationAccording to a press release,
HONG KONG (Reuters) -Hong Kong property developer New World Development said on Thursday it would launch a research project to tackle a chronic housing shortage and sky-high home prices in one of the world's most expensive property markets. As part of the initiative, New World said a committee would study long-standing housing issues, ranging from unaffordable prices, longed waiting times for public housing and a lack of elderly-friendly homes as the population ages. "Solving Hong Kong's deep-rooted housing issue is fundamental to the city's future growth," Adrian Cheng, chief executive of New World and chairman of the initiative, New World Build for Good, said in a statement.
As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city's powerful property tycoons: pour resources and influence into backing Beijing's interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message in closed meetings this year amid broader efforts to bring the city to heel under a sweeping national security law and make it more "patriotic," according to three major developers and a Hong Kong government adviser familiar with the talks. Beijing is no longer willing to tolerate "monopoly behaviour," the source added.