New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.
Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings. This arm of the group manages toll roads, ports operations, construction and related contracting services, as well as water and waste treatment facilities. In the retail space, the company operates department stores and lifestyle brands, while its Rosewood Hotel Group owns and manages luxury hotels and resorts under globally recognized names.
Geographically, New World Development maintains a strong presence in Hong Kong, Mainland China and Macau, with growing portfolios in Singapore, the United Kingdom and the United States. Notable developments include large-scale town-centre projects in Shenzhen, commercial complexes in Shanghai and mixed-use communities in prime Hong Kong districts. These assets are complemented by integrated property-management services and hospitality offerings designed to foster vibrant urban living environments.
Leadership at New World Development reflects continuity of its founding family and professional management. Dr. Henry Cheng Kar-Shun serves as Chairman, guiding the strategic vision, while Joint Deputy Chairman and Chief Executive Officer Adrian Cheng Chi-Kong oversees day-to-day operations and innovation initiatives. Under their stewardship, the company continues to pursue sustainable urban development and community-oriented projects across its diversified portfolio.
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