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New World Development Company
AddedFeb 13, 2024
UpdatedJun 28, 2026
New World Development Company

New World Development Company

Public

NWS Holdings Ltd: A diverse Hong Kong-based company offering toll roads, aircraft leasing, construction, and insurance.

HQ
Victoria, Central and Western District, HK
Founded
1970
Overview
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Employees
Website

New World Development Company, founded in 1970, is a prominent Hong Kong-based conglomerate with a core mission to create sustainable and innovative living environments. The company's vision emphasizes "Artisanal Living," focusing on high-quality, bespoke residential and commercial properties. Their diverse portfolio includes real estate developments such as The Pavilia Farm series, Atrium House, and Mount Pavilia. Additionally, they offer bespoke community services through Klub11 and New World Club, catering to the evolving needs of modern urban dwellers.

Notable figures associated with New World Development include its founder, Dr. Cheng Yu-tung, and his family, who have played significant roles in its growth. The company has attracted substantial investments from various global financial institutions. Key achievements include the successful development of landmark properties and the establishment of a strong brand presence in the luxury real estate market. Overall, New World Development has significantly impacted urban development in Hong Kong by integrating sustainability and innovation into its projects.

New World Development Company - Quick Facts

When was New World Development Company founded?

New World Development Company was founded in 1970.

Where is New World Development Company's headquarters located?

New World Development Company's headquarters is located in Victoria, Central and Western District, HK.

How many employees does New World Development Company have?

New World Development Company has 50,000 employees as of Feb 4, 2024.

New World Development Company - Classification

Ownership
  • Public
Geographic Exposure
  • Asia
  • Hong Kong
Model
  • Platform
Revenue
  • Recurring
Customer
  • Consumers
  • Enterprise
Main Product
  • Construction
  • Real Estate
Tags
  • SaaS
NAICS
  • 530000Real Estate and Rental and Leasing
  • 531000Real Estate
  • 531200Offices of Real Estate Agents and Brokers
  • 531210Offices of Real Estate Agents and Brokers
SIC
  • 6500Real Estate
  • 6530Real Estate Agents And Managers
  • 6531Real Estate Agents And Managers
Show 10 more industry codes
NAICS
  • 230000Construction
  • 236000Construction of Buildings
  • 540000Professional, Scientific, and Technical Services
  • 541000Professional, Scientific, and Technical Services
SIC
  • 1600Heavy Construction Other Than Building Construction-contractors
  • 1620Heavy Construction, Except Highway And Street Construction
  • 1629Heavy Construction, Not Elsewhere Classified
  • 8800Private households
  • 6000Depository Institutions
  • 7300Business Services