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New World Development’s (NWD) dollar-denominated perpetual notes rallied by over 1 point. The developer announced that it will launch three new residential projects in 1H2026, providing about 660 units in total. The three projects are its Tsim Sha Tsui project, Pavilia Rosa project and The Pavilia Farm III project. The update comes as Hong Kong’s home sales have rebounded with home prices reaching a 19-month high. Hannah Jeong, head of valuation and advisory services at CBRE Hong Kong noted that “Residential transaction volumes are projected to rise by over 20% returning to the historical peak levels of approximately 80,000 deals on average per year, last seen between 2018 and 2021”.


