New World Offers $15 Billion for Loan Collateral as Stress Grows

Jeffrey L. Klump January 20, 2025 1 minute read

New World Development Co. has offered properties valued at $15 billion as collateral for loan refinancing, underscoring the increasingly onerous funding conditions facing the billionaire Cheng family’s Hong Kong real estate empire.

About The Author

Jeffrey L. Klump

I am 62 years old and widowed with 2 children. I live in Creve Coeur, MO. USA which is a suburb of Saint Louis. I am a Digital Marketer, Blogger, Writer, SEO Expert, and Work from Home Business Opportunity Specialist. I am the owner & administrator of the MEK Enterprises Blog. Please contact me if you have any questions. Thank you.

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