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New City Development Group Limited ( (HK:0456) ) has provided an announcement.
New City Development Group has disclosed additional details on the government-led requisition of the Guangzhou Changliu Industrial Park, part of a broader renewal of the New Central Axis in Haizhu District. The company, through Guangzhou Changliu and key tenant Guangdong Changna, has engaged extensively with district authorities after an official notice in May 2025 confirmed the park’s inclusion in the redevelopment scope.
Following negotiations, Guangzhou Changliu reached a provisional compensation figure of RMB525 million, excluding demolition costs, which will be separately covered by the mainland authorities. The compensation proposal has been submitted for higher-level approval, while Guangzhou Changliu is also seeking a contractual right of first refusal to re-develop the land, a structure its PRC legal advisers say is consistent with existing land and urban renewal laws and standard practice in Guangzhou.
If approved, the compensation and potential re-entry into future development could significantly reshape New City Development’s asset base and exposure to the Haizhu District project. Stakeholders’ interests are being managed through ongoing legal and regulatory engagements, including clarifying Guangzhou Changliu’s role and rights in any subsequent land supply and urban renewal process.
More about New City Development Group Limited
New City Development Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, engaged in property-related investment and development activities. The group holds interests in industrial and commercial properties on the mainland, including the Guangzhou Changliu Industrial Park in Haizhu District, positioning it within China’s urban redevelopment and land requisition landscape.
Average Trading Volume: 36,926
Technical Sentiment Signal: Hold
Current Market Cap: HK$93.29M
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