Market Chatter: New World to Open High-End Office Building in Hangzhou, China

MT Newswires Live2025-03-04

New World Development (HKG:0017) will open a 1 billion yuan "grade-A" office building in Hangzhou, China in 2025, The Standard reported Tuesday.

NWD's Front Tower office, seen to boost high-end commercial property demand in the city, is the only grade-A office space up for sale at the New World City Arts Center, the report said.

The tower has floors ranging between 16,000 square feet and 38,000 square feet, featuring a shopping mall, luxury hotel, apartments, and a world-class community, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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