Zhi Tong Cai Jing·2026-02-27 10:53Core Viewpoint - New World Development reported strong mid-year results for the fiscal year 2026, with core profits reaching HKD 3.6 billion and total debt reduced by HKD 1.7 billion, indicating a positive trend in core operational metrics [1] Sales Performance - The company achieved contract sales of HKD 13.8 billion in the first half of fiscal 2026, surpassing half of the annual target of HKD 27 billion, with the Hong Kong market contributing significantly by recording HKD 10.3 billion, the highest since 2021 [1][2] - Multiple projects, including DEEP WATER PAVILIA and THE PAVILIA FOREST, received strong market responses, with some projects selling out immediately upon launch [2] Investment Property Growth - The investment property segment saw a 5% year-on-year growth, providing stable recurring income and supporting overall business development [3][5] - K11 MUSEA in Hong Kong attracted over 10 international luxury brands since July 2024, enhancing its brand appeal and customer traffic [3] Future Outlook - New World Development is expanding its commercial footprint in mainland China, with projects like K11 Atelier Huaihai in Shanghai expected to open in 2026 and a pre-leasing rate exceeding 50% [4] - The company plans to launch several high-quality new projects in the second half of the fiscal year, continuing its "sales property + operating assets" dual-driven strategy [5]