Editing New World Development (section)

==Controversies==
===Hung Hom Peninsula===

The Hung Hom Peninsula was sold for a below-market land premium of HK$864 million to New World Development, who subsequently sold off half share to [[Sun Hung Kai Properties]]. In 2004, the consortium announced the demolition of these buildings to make way for luxury apartments, to be faced with huge popular outcry about the needless destruction of "perfectly good buildings" to satisfy "corporate greed". In an unprecedented about-turn, the developers withdrew the plan on 10 December 2004.<ref>{{cite news | last = Ng | first = Michael & Teddy | title = Demolition of Hung Hom flats scrapped | date = 11 December 2004 | newspaper = The Standard | url = http://www.thestandard.com.hk/news_detail.asp?pp_cat=&art_id=14974&sid=&con_type=1&d_str=20041211&sear_year=2004 | access-date = 2007-01-29 | url-status = dead | archive-url = https://web.archive.org/web/20110522032001/http://www.thestandard.com.hk/news_detail.asp?pp_cat=&art_id=14974&sid=&con_type=1&d_str=20041211&sear_year=2004 | archive-date = 22 May 2011 | df = dmy-all }}</ref>

===Leung Chin-man===
{{main|Leung Chin-man appointment controversy}}
In 2008, New World was the subject of controversy when it announced it had hired former [[Secretary for Housing, Planning and Lands|Permanent Secretary for Housing, Planning and Lands]] [[Leung Chin-man]] as deputy managing director and executive director of its China subsidiary, New World China Land Ltd. The [[Secretary for the Civil Service]] [[Denise Yue|Denise Yue Chung-yee]], signed off on the approval for him to take up the job within three years of leaving,<ref name=demolish>{{cite news
 |url         = http://www.thestandard.com.hk/news_detail.asp?pp_cat=11&art_id=69649&sid=20042344&con_type=1&d_str=20080805&sear_year=2008
 |title       = Former housing chief faces legal bid to demolish his job with developer
 |author      = Diana Lee
 |newspaper   = The Standard
 |date        = 5 August 2008
 |access-date  = 2008-08-07
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20081211062928/http://www.thestandard.com.hk/news_detail.asp?pp_cat=11&art_id=69649&sid=20042344&con_type=1&d_str=20080805&sear_year=2008
 |archive-date = 11 December 2008
 |df          = dmy-all
}}</ref> failing to take into account the appearance of conflict of interest resulting from the Hung Hom Peninsula affair.<ref name=pressrelease>{{cite press release
|url= http://www.info.gov.hk/gia/general/200808/15/P200808150232.htm
|title=  SCS submits report to Chief Executive on Leung Chin-man's case
|author= Secretary for the Civil Service
|publisher= Civil Service Bureau, Hong Kong Government|date= 15 August 2008}}</ref> New World argued that they hired Leung in good faith, after the government had given clearance. New World announced in the early hours of 16 August that the parties had agreed to rescind the contract.<ref name=quits>{{cite news
|title= Ex-housing chief shocked officials didn't consider Hung Hom deal
|author= Cheung Chi-fai |pages= A10
|newspaper= South China Morning Post|date= 16 August 2008}}</ref>

===Avenue of Stars===
{{see also|Tsim Sha Tsui Waterfront Revitalisation Plan}}
The company has managed the  [[Avenue of Stars, Hong Kong|Avenue of Stars]] for 11 years{{when|date=April 2022}}, and its contract is due to expire. It was announced that the  Leisure and Cultural Services Department of the Hong Kong government would redevelop and expand the avenue jointly with the company.<ref>http://www.thestandard.com.hk/news_detail.asp?we_cat=5&art_id=160695&sid=44880224&con_type=1&d_str=20150831&fc=1 {{Dead link|date=March 2024|fix-attempted=yes}}</ref> The Hong Kong government declared that the enhancement project would contain limited commercial appeal, and no luxury shops or high-end restaurants would be added.<ref>{{Cite web |last=Fung |first=Fanny W. Y. |date=27 August 2015 |title=Hong Kong Avenue of Stars expansion won't feature luxury shops or posh restaurants, top officials says amid outcry |url=http://www.scmp.com/news/hong-kong/economy/article/1853029/hong-kong-avenue-stars-expansion-wont-feature-luxury-shops-or |website=[[South China Morning Post]]}}</ref> The walkway, very popular with tourists, was closed off for three years while the expansion was undertaken.<ref>{{Cite web |last=Fung |first=Fanny W. Y. |date=21 August 2015 |title=Lights out for Avenue of Stars as iconic Hong Kong site set to shut down for three years despite public outcry |url=http://www.scmp.com/news/hong-kong/health-environment/article/1851404/lights-out-avenue-stars-iconic-hong-kong-site-set |website=[[South China Morning Post]]}}</ref>

The decision to award the contract for the redevelopment to the company without putting it out to tender, on the justification that the project was non-profit, sparked controversy locally.<ref>{{Cite web |last=Kammerer |first=Peter |date=31 August 2015 |title=Public outcry over Avenue of Stars plan is a message to the Hong Kong government: No bending of the rules will be tolerated |url=http://www.scmp.com/comment/insight-opinion/article/1854027/public-outcry-over-avenue-stars-plan-message-hong-kong |website=[[South China Morning Post]]}}</ref> Residents' groups and other development companies owning properties adjacent to the walk expressed discontent, whilst the LCSD claimed that consultations with the local district council had been favourable.<ref>{{Cite web |title=Tsim Sha Tsui harbourfront enhancement plan faces opposition |url=http://www.ejinsight.com/20150811-tsim-sha-tsui-harbourfront-enhancement-plan-faces-opposition/ |archive-url=https://web.archive.org/web/20170706224159/http://www.ejinsight.com/20150811-tsim-sha-tsui-harbourfront-enhancement-plan-faces-opposition/ |archive-date=6 July 2017 |website=ejinsight.com}}</ref> In an apparent attempt to de-fuse the public furore at the apparent collusion between government and big business, the government promised a public consultation.<ref>{{Cite web |last=Fung |first=Fanny |date=1 September 2015 |title=Hong Kong government pledges consultation on controversial Avenue of Stars revamp |url=http://www.scmp.com/news/hong-kong/economy/article/1854445/hong-kong-government-pledges-consultation-controversial |website=[[South China Morning Post]]}}</ref>

=== Chubby Hearts ===
HK$7.8 million was granted by the Hong Kong Mega Arts and Cultural Events Committee to host in February 2024 Chubby Hearts by British designer [[Anya Hindmarch]], who has a shop in K11 Musea, a mall founded by New World Development.