Stock Track | New World Development Soars on Strong Property Sales Amid Low Interest Rates

Stock Track09-30

Shares of New World Development (00017) surged by 6.43% on September 30, 2024, as the Hong Kong-based property developer benefited from robust demand for new residential projects in the city.

According to reports, New World Development, in collaboration with Far East Consortium International, launched a new residential project at the former Kai Tak airport site, offering 155 apartments for sale. The units were priced at around HK$4.2 million after discounts, attracting strong interest from home buyers.

The surge in demand for new apartments is attributed to the recent slashing of interest rates, which has made home purchases more affordable for buyers. As Louis Chan Wing-kit, a vice chairman at Centaline, noted, the "lower-priced units launched after the slashing of interest rates grabbed a large part of purchasing power."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1146596026?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-30 18:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1146596026","market":"hk","top_or_hot":-1,"title":"Stock Track | New World Development Soars on Strong Property Sales Amid Low Interest Rates","media":"Stock Track","content":"<p>Shares of New World Development (00017) surged by 6.43% on September 30, 2024, as the Hong Kong-based property developer benefited from robust demand for new residential projects in the city.</p>\n\n<p>According to reports, New World Development, in collaboration with Far East Consortium International, launched a new residential project at the former Kai Tak airport site, offering 155 apartments for sale. The units were priced at around HK$4.2 million after discounts, attracting strong interest from home buyers.</p>\n\n<p>The surge in demand for new apartments is attributed to the recent slashing of interest rates, which has made home purchases more affordable for buyers. As Louis Chan Wing-kit, a vice chairman at Centaline, noted, the \"lower-priced units launched after the slashing of interest rates grabbed a large part of purchasing power.\"</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | New World Development Soars on Strong Property Sales Amid Low Interest Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | New World Development Soars on Strong Property Sales Amid Low Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n2024-09-30 18:24 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of New World Development (00017) surged by 6.43% on September 30, 2024, as the Hong Kong-based property developer benefited from robust demand for new residential projects in the city.\n...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00017","symbol_name":"新世界发展","start_time":0,"source_url":"","article_id":"1146596026","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146596026","pubTimestamp":1727691865,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of New World Development  surged by 6.43% on September 30, 2024, as the Hong Kong-based property developer benefited from robust demand for new residential projects in the city.According to reports, New World Development, in collaboration with Far East Consortium International, launched a new residential project at the former Kai Tak airport site, offering 155 apartments for sale. The units were priced at around HK$4.2 million after discounts, attracting strong interest from home buyers.T","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00017":"新世界发展"},"translate_title":"股票赛道新世界发展因低利率下物业销售强劲而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00017":1},"content_text":"Shares of New World Development (00017) surged by 6.43% on September 30, 2024, as the Hong Kong-based property developer benefited from robust demand for new residential projects in the city.\nAccording to reports, New World Development, in collaboration with Far East Consortium International, launched a new residential project at the former Kai Tak airport site, offering 155 apartments for sale. The units were priced at around HK$4.2 million after discounts, attracting strong interest from home buyers.\nThe surge in demand for new apartments is attributed to the recent slashing of interest rates, which has made home purchases more affordable for buyers. As Louis Chan Wing-kit, a vice chairman at Centaline, noted, the \"lower-priced units launched after the slashing of interest rates grabbed a large part of purchasing power.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1146596026"}