A consortium of developers, led by New World Development (NWD), raked in HK$1.3 billion (US$166 million) from the sale of 24 luxury units in Hong Kong’s Southern district, as wealthy buyers take ...

Echo Huang Shaomei, the recently appointed CEO of heavily indebted builder New World Development (NWD), bought a flat for more than HK$50 million (US$6.4 million) in a residential project from her ...