New World Development is a Hong Kong–based conglomerate engaged primarily in property development, infrastructure and services. Since its founding in 1970, the company has built a diversified portfolio encompassing residential, commercial and retail properties across Hong Kong, mainland China and selected international markets. Its property division focuses on large-scale mixed-use developments, premium residential estates and office buildings, delivering integrated urban communities.
Beyond real estate development, New World Development’s infrastructure arm operates through its subsidiary NWS Holdings, which oversees toll roads, construction projects, facilities management and environmental services. The company also invests in energy, transportation and logistics assets under long-term concession agreements throughout the Asia Pacific region, providing essential public services and supporting regional economic growth.
The group’s service businesses include hotel operations, retail management and property management services. Its hospitality portfolio features luxury and boutique hotels under well-known international brands, while the retail arm manages department stores and shopping malls, including the K11 art malls that combine cultural programming with retail experiences. Property management services ensure efficient operations and high customer satisfaction across its assets.
Leadership of New World Development is held by Chairman Henry Cheng and Deputy Chairman and Chief Executive Adrian Cheng. Under their stewardship, the company continues to expand its presence in core markets, drive innovation in urban planning and uphold environmental, social and governance (ESG) principles in its long-term strategy.
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