New World Development Company Limited is an investment holding company. The Company is engaged in property development and investment. The Company's segments include Property development, Property investment, Service, Infrastructure, Hotel operations, Department stores and Others. The Company and its subsidiaries are principally engaged in property development and investment, construction, provision of services (including property and facility management, transport and other services), infrastructure operations (including the operation of roads, environment projects, commercial aircraft leasing, container handling, logistics and warehousing services), hotel operations, department store operations, telecommunications, media, technology and other strategic businesses. The Property development segment includes contributions from various residential projects, namely, THE PAVILIA HILL in North Point, together with the sales of residential units.