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HK developer New World said to be in talks with Blackstone, Capital Land over asset sales
The Straits Times
|August 09, 2025
New World Development is in talks with several potential investors, including Blackstone and CapitaLand Group, as the cash-strapped Hong Kong developer seeks to dispose of assets to improve liquidity, according to people familiar with the matter.
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HONG KONG -
Blackstone has been in discussions with New World to buy some of its assets. The world's largest alternative asset manager could be open to the option of taking the developer private, though there is no concrete proposal for this on the table, the people said.
Singapore property company CapitaLand also engaged with New World for exploratory discussions in recent weeks, the people added.
This story is from the August 09, 2025 edition of The Straits Times.
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