Latest news with #propertydeveloper
CNA
3 days ago
- Business
- CNA
New World Development drops after company to defer coupon payments
HONG KONG :Shares of New World Development dropped as much as 9.8 per cent after the Hong Kong property developer said it would defer coupon payments scheduled for June on perpetual bonds, casting further liquidity concerns for the cash-strapped firm. The shares fell to HK$4.32 ($0.5508) each, their lowest since April 9. That compared to a 1.9 per cent fall in benchmark Hang Seng Index. ($1 = 7.8428 Hong Kong dollars)
Bloomberg
28-05-2025
- Business
- Bloomberg
Hong Kong Bankers on Edge Over $11 Billion New World Refinancing
Hong Kong bankers have become fixated on an $11 billion loan deal with unusually high stakes for the financial hub. New World Development Co., an embattled property developer controlled by one of Hong Kong's richest families, is aiming to complete one of city's largest-ever corporate refinancing deals with more than 50 banks by the end of June after pushing back an initial deadline for this month. As of last week, about 10 banks have agreed to terms while the rest are still talking.
Trade Arabia
18-05-2025
- Business
- Trade Arabia
LEOS Developments pioneers AI solutions in real estate
LEOS Developments, an award-winning international property and lifestyle developer, is revolutionising the real estate market by embedding artificial intelligence across every stage of its development and customer journey. LEOS is placing technology at the heart of its strategy to deliver smarter, faster and more emotionally engaging experiences, the company said. In property development, AI is transforming how homes are designed, visualised, and assessed. According to Forbes Global, AI-driven tools can increase property valuation accuracy by as much as 7.7% and reduce the need for manual inspections by up to 50%, demonstrating the technology's growing impact and potential. One of the most powerful AI tools LEOS is pioneering is the creation of AI-generated, fully animated project presentations that give prospective buyers and partners a vivid, emotionally compelling experience of what LEOS projects will look like in real life. Through AI-enhanced 3D animation, LEOS creates high-definition walk-through videos that showcase not just the architecture, but the ambiance and lifestyle offered within each home. These animated renders allow potential homeowners to explore future residences – walking through living rooms, gazing out from balconies, and experiencing amenities in real-time. This approach eliminates guesswork, replacing static brochures and blueprints with a dynamic and emotionally engaging visualisation of future living. 'Our mission is to help our clients fall in love with their home before they even buy it,' said Marwan El Kady, Marketing Director at LEOS Developments. 'With AI-powered animation and customisation, we're turning imagination into reality, with greater beauty, and in more personalised ways than ever before.' Elevating the customer experience and epitomising luxury in today's market, LEOS has introduced an AI-powered home customisation platform, allowing buyers to visualise and personalise properties before they even step foot inside. From selecting interior design themes, to experimenting with different materials, textures and colour palettes through AI rendering, the highly interactive platform allows buyers to envision a home down to the last detail.
