New World China Land
New World China Land is a mainland China property-development business and former Hong Kong-listed subsidiary of New World Development.
Last updated August 31, 2026
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Overview
New World China Land was the mainland China real-estate arm of Hong Kong conglomerate New World Development. The business was incorporated in the Cayman Islands in 1996 and registered in Hong Kong in 1999 before being spun off as a separately listed company on 16 July 1999. Its portfolio covered property development and investment in mainland China, including residential, commercial, integrated-use and hotel-related projects. The company operated within the wider New World Development group, a Hong Kong blue-chip property group that later became part of the Chow Tai Fook business family. The company’s scope extended beyond conventional property development. Through New World Hotel Management (BVI) Limited, trading as New World Hospitality, it acquired Rosewood Hotels & Resorts in 2011 for US$229.5 million. The hospitality platform was renamed Rosewood Hotel Group in 2013, and its brand portfolio included Rosewood as well as New World and penta hotels. In July 2015, New World China Land sold the hotel-management business and its subsidiaries to Chow Tai Fook Enterprises for HK$1.96 billion, separating the hospitality platform from the China property business. New World China Land also undertook portfolio disposals as part of the group’s capital and asset-management strategy. In December 2015, it sold three property portfolios to Evergrande Group for RMB13.5 billion. The following year, New World Development completed the privatization of New World China Land, ending its separate public-market identity and returning the business to the parent group. Although the listed company was privatized, the New World China name continued to appear in selected mainland China projects associated with New World Development. The business’s legacy therefore combines a period as an independent listed developer with its continuing role as a project and property platform within the broader New World group. Its public profile has also included corporate social responsibility activity: in January 2020, New World China Land announced a RMB10 million donation to support the response to the COVID-19 outbreak, while related New World and K11 initiatives supported hospitals and medical-supply deliveries in Wuhan.
History
New World China Land originated as the mainland China property business associated with New World Development, the Hong Kong property conglomerate. The legal entity was incorporated in the Cayman Islands on 28 August 1996 as New World China Limited. It was subsequently registered in Hong Kong as a non-Hong Kong company on 17 May 1999. On 16 July 1999, it became a separately listed company under the name New World China Land Limited, holding the China-focused portion of New World Development’s real-estate operations. During its independent listed period, the company developed and invested in mainland Chinese property assets. Its activities included residential and commercial developments, integrated urban projects and hotels. The company’s hospitality interests were distinct from the former New World Hotels (Holdings) structure but became strategically important through New World Hotel Management (BVI) Limited, which traded as New World Hospitality. In 2011, that subsidiary acquired Rosewood Hotels & Resorts for US$229.5 million. The hospitality platform was renamed Rosewood Hotel Group in 2013 and carried Rosewood alongside the New World and penta hotel brands. New World China Land later reorganized its asset base. In July 2015, it sold the hotel-management business and its subsidiaries to Chow Tai Fook Enterprises for HK$1.96 billion. The transaction transferred the Rosewood, New World and penta-related hotel operations to the wider Chow Tai Fook business group. In December of the same year, New World China Land sold three property portfolios to Evergrande Group for RMB13.5 billion. These transactions reduced the company’s directly held and managed assets and formed part of the wider group’s portfolio-management activity. In 2016, New World Development privatized New World China Land. The transaction ended the company’s separate Hong Kong-listed status and brought it back under the parent’s control. The New World China identity nevertheless continued to be used for certain projects after privatization. One cited example is the Wuhan Chow Tai Fook Finance Centre, associated with the New World China development legacy. New World Development also retained China-focused subsidiaries and sold or reorganized selected hotels in subsequent years. The company has also appeared in corporate philanthropy and emergency-response activity. On 27 January 2020, New World China Land announced a RMB10 million contribution to efforts addressing the COVID-19 outbreak. Related initiatives announced by K11 and other New World-affiliated entities supplied funds and medical equipment to Wuhan hospitals, including deliveries of surgical masks. These activities illustrate the continuing public-facing role of the New World China name even after the company ceased to be separately listed.
- 2020
COVID-19 response donation
[1]New World China Land announced a RMB10 million donation for epidemic-response efforts.
- 2016
Privatization
[1]New World Development privatized New World China Land, ending its separate listing.
- 2015
Hospitality platform divested
[1]The hotel-management business was sold to Chow Tai Fook Enterprises for HK$1.96 billion.
- 2015
Property portfolios sold to Evergrande
[1]Three property portfolios were sold to Evergrande Group for RMB13.5 billion.
- 2013
Rosewood Hotel Group name adopted
[1]New World Hospitality was renamed Rosewood Hotel Group.
- 2011
Rosewood acquisition
[1]New World Hospitality acquired Rosewood Hotels & Resorts for US$229.5 million.
- 1999
Hong Kong registration and public listing
[1]The company registered in Hong Kong in May and became a separately listed company on 16 July as New World China Land Limited.
- 1996
Incorporation in the Cayman Islands
[1]New World China Limited was incorporated as an exempted company in the Cayman Islands on 28 August.
Products and positioning
A mainland China property-development and investment platform within the New World Development and Chow Tai Fook business groups, with historical exposure to large-scale mixed-use projects and hospitality assets.
Residential property
Mainland China residential developments
Residential development was a core part of New World China Land’s mainland China portfolio. Projects were developed under the broader New World China platform and formed part of the company’s role as New World Development’s China-focused property arm.
Commercial property
Integrated commercial and mixed-use projects
The business also pursued commercial, office and integrated-use developments in mainland China. These projects linked property development with investment and urban-regeneration activities rather than representing a single consumer product line.
Hospitality
Hotel and hospitality assets
New World China Land historically owned or managed hotel-related assets and operated a hospitality platform through New World Hotel Management. That platform included Rosewood, New World and penta brands before its 2015 sale to Chow Tai Fook Enterprises.
Mixed-use development
Wuhan Chow Tai Fook Finance Centre
The Wuhan Chow Tai Fook Finance Centre is cited as a project continuing the New World China development legacy after the listed company’s privatization. It represents the group’s continued use of New World China-related development capabilities and naming in mainland China.
Brand decisions
2016
Privatization by New World DevelopmentM&ABackground
After operating as a separately listed mainland China property vehicle since 1999, the company was brought back under its parent’s control.
Action taken
New World Development privatized New World China Land and ended its separate public listing.
Aftermath
New World China Land ceased to operate as a separately listed company, while the New World China identity continued to be used for selected projects.
2015
Sale of hotel-management businessM&ABackground
The company reorganized its portfolio and separated its hotel-management platform from its China property-development operations.
Action taken
New World China Land sold New World Hotel Management and its subsidiaries to Chow Tai Fook Enterprises.
Aftermath
Rosewood, New World and penta hotel interests moved to Chow Tai Fook Enterprises.
Sale price. HK$1.96 billion (July 2015)
2015
Sale of three property portfoliosM&ABackground
New World China Land undertook a substantial property-portfolio disposal during a period of asset restructuring.
Action taken
The company sold three portfolios to Evergrande Group.
Aftermath
The transaction reduced the directly held portfolio while transferring assets to another major Chinese developer.
Portfolio sale price. RMB13.5 billion (December 2015)
2011
Acquisition of Rosewood Hotels & ResortsM&ABackground
New World China Land expanded from China property development into international hotel management through New World Hospitality.
Action taken
Its New World Hotel Management subsidiary acquired Rosewood Hotels & Resorts for US$229.5 million.
Aftermath
The hospitality platform was renamed Rosewood Hotel Group in 2013 and later sold to Chow Tai Fook Enterprises in 2015.
Acquisition price. US$229.5 million (2011 acquisition)
Recent events
- 2020
New World China Land announces Wuhan epidemic-response donation[1]
Other
The company announced a RMB10 million donation to support the response to the COVID-19 outbreak, followed by related New World and K11 medical-support initiatives in Wuhan.
- 2016
New World Development privatizes New World China Land[1]
M&A
New World Development completed the privatization of New World China Land, ending its separate listing and returning the company to the parent group.
- 2015
Hotel-management business sold to Chow Tai Fook Enterprises[1]
M&A
New World China Land sold New World Hotel Management and its subsidiaries, including the Rosewood, New World and penta hotel businesses, to Chow Tai Fook Enterprises for HK$1.96 billion.
- 2015
New World China Land sells three portfolios to Evergrande[1]
M&A
The company sold three property portfolios to Evergrande Group for RMB13.5 billion, reported as approximately HK$16.36 billion.
- 2013
New World Hospitality is renamed Rosewood Hotel Group[1]
Leadership change
The hospitality platform formerly known as New World Hospitality was rebranded Rosewood Hotel Group.
- 2011
New World China Land acquires Rosewood Hotels & Resorts[1]
M&A
Through New World Hotel Management (BVI) Limited, the company acquired Rosewood Hotels & Resorts for US$229.5 million, expanding its hospitality-management activities.
Sources1 sources
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