On June 30, New World Development (00017.HK) officially issued an announcement, announcing the achievement of new bank financing and unified bank financing agreement. The agreement covers a total of approximately 882 billion Hong Kong dollars of the group's existing offshore unsecured financial debt.

In response, Ms. Wong Sau-mai, Executive Director and CEO of New World Development, expressed her heartfelt thanks to the banking industry for its continuous support of New World Development, which also reflects the confidence of banks in the operation of New World Development's business. The group will continue to implement financial management measures and fulfill existing financial responsibilities.

Today, New World Development announced simultaneously that as of June 25, the group has achieved its 26 billion Hong Kong dollar contract sales target for the fiscal year 2024/2025. This year, New World Development has continuously promoted the development and sales progress of its projects, demonstrating its focus on the real estate business and stable operation. Against the backdrop of intensified differentiation in the real estate market, New World Development has created multiple

According to its latest financial results, the super luxury residential project 'DEEP WATER PAVILIA 深水府' jointly developed by New World Development, Emporia Group, Capital Strategy, New World New Development, and MTR Corporation has sold over 330 units as of June 25 this year; the cultural comprehensive landmark mansion 'STATE PAVILIA 皇都' located in the core area of Hong Kong Island has sold over 320 units; and the 'THE PAVILIA FOREST 柏蔚森' located in Kowloon has sold over 580 units, setting a sales record for the Kowloon Runway Area in 2024. New World has also successfully promoted the start of construction of the cooperation project with China Merchants Shekou in the Northern Metropolis Area and has launched multiple projects in the Hong Kong market, providing support for future sustainable development.

In the domestic market, the projects under New World Group have also performed brilliantly. The New World Tianfu in Guangzhou, New World Star in Guangzhou, and New World悦景 in Shenyang are among the top sellers in their respective cities or regions, leading the local high-end residential market. According to the news released by New World Development earlier, the Longgang 188 project in Shenzhen has entered the comprehensive development stage, and the Xili New Wei Industrial Park project is also accelerating its progress.