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New World Development Company Limited (NWWDF)
- MediaOutReach
New World Development Plans to Triple its Land Bank to Boost Hong Kong Housing Supply
HONG KONG SAR - Media OutReach - 30 September 2022 - New World Development Company Limited ("NWD" or "the Group"; Hong Kong stock code: 00017) announced today that the Group plans to triple its land bank in Hong Kong by 12 million square feet of Gross Floor Area (GFA) in the next few years to help increase housing supply by speeding up farmland conversion in the city. "A series of measures announced by the Hong Kong Government will help speed up the conversion and development of farmland," said
- EdgeProp
Hongkongers spent a record US$4.5 billion to buy lived-in subsidised homes amid soaring private flat prices
Potential homebuyers look at a scale model of Home Ownership Scheme flats at the Customer Service Centre of the Housing Authority in Lok Fu on December 9, 2019. Photo: SCMP / Dickson LeeSINGAPORE (EDGEPROP) - Hong Kong sales of lived-in subsidised homes rose to a record HK$34.9 billion (US$4.5 billion or $6.11 billion) for the first 11 months, as buyers rush for cheaper alternatives amid a surge in private home prices that have pushed them beyond general affordability.The transaction value of li
