Core Viewpoint - New World Development (00017.HK) announced that it will hold a board meeting on February 27, 2026, to approve the interim results for the six months ending December 31, 2025, and to consider the distribution of an interim dividend, if any [1] Group 1 - The board meeting is scheduled for February 27, 2026 [1] - The meeting will focus on approving the interim results for the six months ending December 31, 2025 [1] - The company will also consider the distribution of an interim dividend during this meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 (於香港註冊成立之有限公司) (股份代號: 0017) New World Development Company Limited （新世界發展有限公司）（「本公司」） 董事會（「董事會」）宣佈，本公司將於 2026 年 2 月 27 日（星期五）舉行董事會 會議，藉以（其中包括）批准刋發本公司及其附屬公司截至 2025 年 12 月 31 日止 六個月的中期業績及考慮派發中期股息（如有）。 承董事會命 聯席公司秘書 劉富强 許嘉慧 香港，2026 年 2 月 12 日 於本公告日期，本公司董事會成員包括 (a) 八位執行董事，分別為鄭家純博 士、黃少媚女士、鄭志雯女士、薛南海先生、趙慧嫻女士、何智恒先生、劉富 强先生及陳耀豪先生； (b) 四位非執行董事，分別為杜惠愷先生、鄭家成先生、 鄭志恒先生及鄭志明先生；及 (c) 六位獨立非執行董事，分別為李聯偉先生、 葉毓強先生、陳贊臣先生、羅范椒芬女士、羅 ...

《福布斯》(Forbes)公布2026年度香港50大富豪榜，长和系创办人李嘉诚以身家451亿美元，蝉联香港首 富宝座。去年离世的恒地创办人李兆基，其子李家杰及李家诚及其家族以身家349亿美元排第2位。 新 世界发展主席郑家纯家族以身家261亿美元续排第3位。于2021年离世的"蚝油大王"李锦记集团主席李文 达，其5名子女以176亿美元财富续排名第4位。新地主席郭老太邝肖卿以175亿美元身家排第5位，比去 年上升一位。 第6至第10位依次为九仓前主席吴光正，身家149亿美元；华人置业创办人刘銮雄，身家 143亿美元；阿里巴巴主席蔡崇信，身家142亿美元；于2024年离世的银河娱乐创办人吕志和，其子吕耀 东家族，身家127亿美元；私募巨头EQT集团亚洲主席庄佳诚(Jean Salata)，身家95亿美元。 福布斯表 示，一系列IPO和缓慢复苏的 房地产市场，使香港成为去年亚洲表现最佳的股市之一，恒生指数自上次 财富统计以来上涨近30%。因此，2026年福布斯香港50富豪榜上的富豪总净资产升22%，从去年的3010 亿美元增至3660亿美元。 ...

智通财经APP获悉，《福布斯》公布的2026年度香港50大富豪榜显示，上榜的富豪总净资产升22%，从 2025年的3010亿美元增至3660亿美元。其中，长和系创办人李嘉诚以身家451亿美元(约3517.8亿港元)， 蝉联香港首富宝座。 2025年离世的恒地(00012)创办人李兆基，其子李家杰及李家诚及其家族以身家349亿美元(约2722.2亿港 元)排第2位。新世界发展(00017)主席郑家纯家族以身家261亿美元(约2035.8亿港元)续排第3位。 第6至第10位依次为九仓(00004)前主席吴光正，身家149亿美元；华人置业(00127)创办人刘銮雄，身家 143亿美元；阿里巴巴(09988)主席蔡崇信，身家142亿美元；于2024年离世的银河娱乐(00027)创办人吕 志和，其子吕耀东家族，身家127亿美元；私募巨头EQT集团亚洲主席庄佳诚，身家95亿美元。 福布斯表示，一系列IPO和缓慢复苏的房地产市场，使香港成为去年亚洲表现最佳的股市之一，恒生指 数自上次财富统计以来上涨近30%。 于2021年离世的"蚝油大王"李锦记集团主席李文达，其5名子女以176亿美元(1372.8亿港元)财富续排名 第4 ...

Core Viewpoint - Morgan Stanley expresses an optimistic outlook on the Hong Kong residential market, predicting a 10% annual increase in property prices by 2026 and a 5% growth in rental prices, although stock prices are expected to experience increased volatility ahead of earnings season [1] Group 1: Market Predictions - Property prices in Hong Kong are expected to rebound by 5% this year after hitting a low last year, with a potential upward cycle lasting several years, according to JLL Hong Kong Chairman, C. H. Tsang [1] - The forecast includes a 10% annual increase in property prices by 2026 and a 5% increase in rental prices [1] Group 2: Stock Ratings - Morgan Stanley favors stocks of Sun Hung Kai Properties, Cheung Kong Holdings, and Henderson Land Development, assigning them an "Overweight" rating [1] - The firm holds a negative outlook on Wharf Holdings and New World Development, assigning them a "Underweight" rating [1]

Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [4] Core Viewpoints - The report highlights three major trends expected in 2026: 1) The real estate adjustment is likely nearing its end, with current price adjustments being relatively sufficient compared to global averages; 2) There are structural opportunities for "good houses" as the market enters a phase of differentiation, with a focus on high-quality residential developments; 3) The recovery of the Hong Kong property market is anticipated to continue, driven by multiple favorable factors [4][6][48]. Market Performance - The Shanghai Composite Index fell by 1.3%, while the real estate sector (Shenwan) remained unchanged at 0.0%. Notable stock performances included Jingtou Development (+23.7%) and Rong'an Real Estate (+13.7%) [6][9]. Data Tracking New Housing Transactions - In the week of January 31 to February 6, 2026, new housing transactions in 42 key cities totaled 1.48 million square meters, a slight decrease of 0.1% from the previous week but a year-on-year increase of 118.5% [15][21]. - For February up to the week of February 6, new housing transactions reached 1.27 million square meters, reflecting a 39.9% increase month-on-month and a 171.3% increase year-on-year [21]. Second-Hand Housing Transactions - In the same week, second-hand housing transactions in 21 key cities totaled 2.12 million square meters, down 3.0% from the previous week but up 212.5% year-on-year [33][37]. - For February up to the week of February 6, second-hand housing transactions reached 1.92 million square meters, marking a 71.2% increase month-on-month and a 327.8% increase year-on-year [37]. Industry News - The report notes that the central government has prohibited the sale of rural collective operating construction land for residential purposes, and 29 provinces will implement a second round of land extension trials [48]. - The first batch of commercial real estate REITs is set to raise 31.475 billion yuan, covering asset types such as shopping centers and office buildings [48]. - Shanghai has initiated the acquisition of second-hand housing for affordable rental housing projects, with specific districts as pilot areas [48][50]. Company Announcements - In January 2026, major companies reported sales figures: Yuexiu Real Estate at 4.2 billion yuan (down 36.4% year-on-year), Greentown China at 9.7 billion yuan (down 14.2%), and China Overseas Development at 14.48 billion yuan (up 20.4%) [51][52].

Core Insights - The K11 ELYSEA project in Shanghai has achieved a pre-leasing rate of over 50% for its K11 ATELIER Huaihai office building, indicating strong demand in the commercial real estate sector [2][4] - K11 projects across China have seen significant increases in foot traffic and sales during the holiday season, with overall sales up nearly 20% and foot traffic up over 10% compared to the previous year [5][10] - The K11 brand continues to enhance its cultural and luxury positioning, with successful events and partnerships driving consumer engagement and sales growth [7][10] Group 1: Shanghai K11 ELYSEA - The K11 ATELIER Huaihai office building, part of the K11 ELYSEA project, is located in a prime area of Shanghai and has a total construction area of 130,000 square meters (approximately 1.4 million square feet) [2] - The project has attracted major tenants, including Marsh Group, which has leased 6,000 square meters, reflecting long-term trust in the K11 brand [2] - The office building is expected to be gradually available in the second half of 2026, contributing to the business ecosystem in Shanghai's core commercial district [2][4] Group 2: Holiday Performance - During the double holiday period, K11 locations in mainland China experienced a significant increase in customer traffic, with Guangzhou K11 reporting over 650,000 visitors, a rise of over 50% compared to the previous month [9][7] - Sales in the collectible toy category surged nearly 44%, while electronics sales more than doubled, showcasing the effectiveness of K11's innovative "art + commerce" model [5] - K11 MUSEA in Hong Kong saw foot traffic increase by nearly 50% during the New Year holiday, with member spending rising over 40%, particularly in luxury brands [10][12] Group 3: Sustainability Achievements - New World Development has been recognized for its sustainability efforts, achieving a top score in the CDP climate project and ranking in the top 4% globally among over 20,000 rated companies [13] - The company’s performance in environmental disclosure reflects its commitment to addressing climate risks and maintaining trust with investors and stakeholders [13]

Group 1 - The core viewpoint of the report is that New World Development is expected to announce a net loss for the first half of the fiscal year 2026, despite improvements in Hong Kong residential sales and reductions in administrative expenses [1] - The primary focus for New World Development remains on deleveraging, with project sales emphasizing volume over profit margins [1] - The K11 malls under the company are performing well, showing positive sales growth and new tenant signings, which may lead to unexpected positive results [1] Group 2 - Morgan Stanley has assigned a "Reduce" rating to New World Development with a target price of HKD 6.5 [2]

在商业地产全面迈入存量时代的背景下，江苏市场呈现逆势上扬态势，2026年拟开业项目数量与体量双双回升。据赢商网不完全统计，2026年江苏预计将 有64个新商业项目入市，新增商业体量约397.44万㎡。这也是自2020年以来，江苏省拟开业项目数量与体量首次出现同步回升。 这并非简单的规模扩张回归，而是市场在分化中探索新路径、在压力下寻求创新的集中体现。一方面，南京、苏州等核心城市的商业竞争已进入贴身肉搏 阶段；另一方面，满足日常高频需求的社区商业、承载城市文脉的特色街区、改造存量空间的城市更新项目正大量涌现，共同勾勒出江苏商业从增量扩张 全面转向存量激活与增量创新并举的新发展阶段。 01. 数量体量止跌回升 进入结构性调整新阶段 据赢商大数据不完全统计，2026年江苏省拟开业商业项目共计64个，预计新增商业体量约397.44万㎡，其中商业体量在3万㎡及以上的项目为56个。与 2025年（38个，333.28万㎡）相比，2026年在项目数量与总体量上均呈现显著回升。 这一变化标志着江苏商业在经历多年量减质升的调整后，正进入一个结构性反弹与深度调整并存的新周期。新增供应并非均匀分布，而是高度集中于特定 城市与特定类 ...

Market Overview - The A-share market has seen a rotation of hotspots this year, while the Hong Kong stock market has also experienced a shift in focus, with the Hang Seng Tech Index down nearly 20% since its peak in October last year [1] - In contrast, stable and dividend-paying local giants in Hong Kong have been on the rise recently [1] Sector Performance - The energy, real estate, and financial sectors have shown the highest gains in the recent uptrend of the Hong Kong stock market [2] - Bank, insurance, real estate, and public utility stocks in Hong Kong have seen a significant increase in popularity and valuation recovery since last year [3] Financial Sector Insights - The financial sector's strong performance is attributed to multiple favorable factors, including the implementation of new regulations for the Renminbi cross-border payment system (CIPS), which positions Hong Kong as a "Renminbi offshore pricing center" [11] - The Hong Kong Monetary Authority reports double-digit growth in Renminbi deposits and cross-border settlement volumes, enhancing the business potential for financial institutions [11] - The active IPO and refinancing market in Hong Kong has created a wealth effect, boosting demand for wealth management services and benefiting brokerage and investment banking businesses [11] Real Estate Sector Insights - The rise in the Hong Kong real estate sector is influenced by both mainland and local property companies, with recent policies from the mainland stabilizing market expectations [12] - The Hong Kong real estate market has shown signs of recovery, with the total number of property sale contracts reaching a four-year high in 2025, and residential prices increasing for seven consecutive months [13][20] - The overall private residential sales volume in Hong Kong is expected to rise by 18% in 2025, marking two consecutive years of growth [20] Rental Market Dynamics - The rental market in Hong Kong is experiencing strong demand due to an influx of professionals and students, leading to rising rental prices [24] - The rental index has shown continuous growth, with a 4.26% increase in 2025, indicating a robust rental market compared to the sales market [24][27] Future Outlook - The Hong Kong real estate market is projected to see a 10% increase in property prices in 2026, the largest annual increase since 2017 [35] - Despite the positive outlook, there are still risks associated with geopolitical uncertainties and the presence of financially troubled companies in the sector [36]