Hong Kong’s New World Clan Bets on Property Rebound for Lifeline

The Cheng family's decision to hold onto their control while exploring public financing options reflects a broader trend among property developers in Hong Kong. As the market shows signs of recovery, their strategy may not only stabilize New World Development but also signal confidence in the city's economic resurgence. However, the long-term sustainability of such a strategy remains uncertain, especially in a volatile market.