EconomyCould Shanghai project help indebted New World raise cash?

Analysts say New World Development’s Shanghai K11 Elysea office project, recently reported to be about 80 per cent occupied, may help the indebted group move ahead with another securitisation and generate 100 million yuan in annual net operating income. The company said new tenants including Hermes and Rolex were preparing to move into the office component on Huaihai Middle Road.

propertyNew World DevelopmentShanghaisecuritisation

SSouth China Morning Post★★☆☆☆2026-11-04 23:00Original