New World Expects Losses
This is a Hong Kong news story, published by MSN, that relates primarily to New World Development news.
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property sectorReuters
•Business
Business & Economics
New World Development flags up to $875 million interim loss amid China's property woes
77% Informative
Hong Kong -based property developer New World Development said on Friday it expects to swing to a loss of up to HK$6.80 billion ( $875.07 million ) for the first half of fiscal 2025 .
China 's property sector has been battling declining demand, with official data on Wednesday indicating that new home prices stalled in January .
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