New World Build for Good

  • Create tomorrow’s housing solution today

    建好生活 構築未來

  • “The power ofbusiness liesin its abilityto give backand care forthe society.”

    Adrian Cheng, Chairman of New World Build for Good

Founded by New World Development, we are a not-for-profit social housing enterprise led by the business sector. Through research, advocacy and pilot projects, we take a multipronged approach and seek short to medium-term solutions and long-term strategies, to address Hong Kong’s housing and land supply problems. Our goal is to make Hong Kong a more liveable city.

Reimagining Hong Kong’s housing solution

A journey of a thousand miles begins with a single step. To solve deep-rooted problems, we must innovate. To break constraints and open new ways of working, we must reach consensus in society. To truly benefit the public, we must put our words into action. Over the years, New World Development has taken a consistent interest in Hong Kong’s housing and land issues. Guided by the Group's philosophy of corporate sustainable development around environmental, social and governance (ESG) goals, it has been giving back to society through a host of innovative initiatives. Now, New World Build for Good hopes to unite the efforts of all sectors and create inspiring communities that the underprivileged and the younger generation can call home, fulfilling the spirit of “Creating Shared Value” for all stakeholders.

Our Vision

  1. Explore new and innovative social housing models for Hong Kong citizens across the economic spectrum, sharing the fruits of social development
  2. Identify innovative, practical land and housing solutions that promote the best outcomes for the government, business sector and the public
  3. Build well-supported communities that allow the younger generation to live happily and thrive together
  4. Provide fast and agile responses to social challenges to make Hong Kong one of the most liveable cities in the Guangdong-Hong Kong-Macao Greater Bay Area

“Solving Hong Kong’s deep-rooted housing issue is fundamental to the city’s future growth. We are committed to working creatively with all parties in search of new solutions that will benefit more people.”

– Adrian Cheng, Chairman of New World Build for Good

Committee Composition

New World Build for Good (Build for Good) is founded by New World Development Company Limited, with an Advisory Committee comprising experts in land planning, housing, economic development, social welfare and livelihood concerns. The committee will creatively research and propose innovative solutions that aim to improve the housing supply and promote social mobility in Hong Kong, enabling the younger generation as well as the underprivileged to live happily. In parallel, an Executive Committee will put Build for Good’s vision into action through its research and pilot programmes, while also uniting business leaders, government and social enterprises. Its goal is to promote the long-term development of affordable housing in Hong Kong.

  1. Chairman - Adrian Cheng, CEO of New World Development

  2. Advisory Committee

    Cross-disciplinary experts to lead housing research and propose creative solutions that will help release more land and increase affordable housing supply in Hong Kong

    Our Team*

    • Mr. Patrick LAU Lai-chiu, SBSMr. Patrick LAU joined the Hong Kong Civil Service upon graduation from the University of Hong Kong in 1972 and served in various branches of the Government including the former Central Policy Unit and the former Housing, Planning and Lands Bureau, dealing with town planning, urban renewal, and land development and administration matters before retiring as Director of Lands of the Hong Kong Special Administrative Region Government.

      Mr. Lau has been writing in a weekly column of a local newspaper for over 10 years, mainly on issues relating to land, housing, smart city, nature conservation and conservation of heritage buildings. He is also a member of the Land, Rehousing and Compensation Committee, Urban Renewal Authority and member of the Human Resources Committee, Hong Kong Housing Society.

      Mr. Lau currently also serves as Advisor of the Hong Kong Ideas Centre, Advisor of the Hong Kong Countryside Foundation, Advisor of the Our Hong Kong Foundation and Honorable Member of the Smart City Consortium.
    • Mr. Anthony CHIU Kwok-waiMr. Anthony CHIU Kwok-wai is the Executive Director of the Federation of Public Housing Estates. He holds a Bachelor of Arts (Honours) degree in Chinese from Lingnan University. He specialises in issues related to Hong Kong’s Public Housing Policy, the grass-root housing problems, and concerns about housing needs of Hong Kong’s youth. Mr. Chiu currently serves as a member of the Hong Kong Housing Authority and its Commercial Properties Committee. He is also a member of the Task Force for the Study on Tenancy Control of Subdivided Units.
    • Professor Terence CHONG Tai-leungProfessor Terence CHONG Tai-leung is Associate Head of New Asia College, Executive Director of Lau Chor Tak Institute of Global Economics and Finance, and Co-Director of Global Economics and Finance Program and Associate Professor of Economics, The Chinese University of Hong Kong. He served as Siyuan Chair Professor of Nanjing University in China from 2013 to 2016. Professor Chong received his Bachelor degree in Economics from The Chinese University of Hong Kong in 1991, and Ph.D. in Economics from the University of Rochester in 1995. His main research area is financial econometrics. He has published over 1,000 articles in international journals and newspapers covering a wide spectrum of topics in Econometrics, Finance, Mathematics, Psychology, Education and the Chinese Economy. Professor Chong ranks top 37th worldwide in theoretical econometrics, top 1% in terms of number of distinct works and number of journal pages, and top 5% economists worldwide (RePEc). His papers are published in reputable international journals, including Journal of Econometrics, Econometric Theory, Econometric Review, Econometrics Journal, Journal of Time Series Analysis, Journal of Economic Dynamics and Control, Journal of Banking and Finance, Financial Management, Journal of Futures Markets, Quantitative Finance, Financial Review, Pacific-Basin Finance Journal, Journal of Behavioral Finance, Southern Economic Journal, Economics Letters, Journal of Economic Psychology, Review of Income and Wealth, Small Business Economics, and China Economic Review.

      Professor Chong is dedicated to community service. He provides training to senior government officials of Hong Kong and the Mainland. He was also a project consultant to World Bank and an advisor to the World Green Organisation of the United Nations, Part-time member of the Central Policy Unit and a member of Standard Working Hours Committee, Transport Advisory Committee, Land and Development Advisory Committee of the HKSAR Government, and a member of the Board of Governors of International College Hong Kong (Hong Lok Yuen). He is currently a member of Standing Committee on Disciplined Services Salaries and Conditions of Service, Vetting Committee of the SME Development Fund and the Dedicated Fund on Branding, Upgrading and Domestic Sales and a panel member of the Telecommunications (Competition Provisions) Appeal Board of the HKSAR Government. He is also a member of the Economic Policy Committee of Hong Kong General Chamber of Commerce and Hong Kong Jockey Club, the associate editor of Singapore Economic Review and Economics Bulletin, and the director of the Financial Markets Programme, Hong Kong Institute of Asia-Pacific Studies.
    • Sr. Vincent HO Kui-yip, MH, JPSr. Vincent HO Kui-yip was appointed by the Hong Kong Special Administrative Region as a Justice of the Peace in 2016. He is also awarded the Medal of Honour by the government in 2021. Sr. Ho was qualified in 1991 as a Professional Building Surveyor with more than 30 years of relevant experience. He was the President of The Hong Kong Institute of Surveyors (2014 to 2015) and Chairman of Building Surveying Division of The Hong Kong Institute of Surveyors (2010 to 2012). He is the founder and Managing Director of Freevision Limited which was established in 2005 to provide property related consultancy services. He had worked for a major local developer and a surveying consultant before commencing his own venture.

      Sr. Ho specialises in property development, project management, development planning and study, feasibility study and administration of plans submission under the Buildings Ordinance and land lease. He is experienced in interpretation and application of the Buildings Ordinance and allied legislation. He is also an expert in building surveying, maintenance, building upgrading and contract dispute resolution. Sr. Ho is a prominent opinion leader on building safety, design, planning and property development matters with wide coverage by the media.

      In recent years, Sr. Ho participates actively in promotion and implementation of various Transitional Housing Projects. He has assisted the Hong Kong Council of Social Service to implement the pioneer Transitional Housing project in existing buildings in To Kwa Wan providing over 120 household accommodations and the first new MIC Transitional Housing project in Nam Cheong Street. These transitional housing projects are supporting urban renewal and community rehabilitation of Hong Kong.

      He is the project-in-charge for managing the design and project implementation of the first Modular Social Housing Project for The Hong Kong Council of Social Service in Hong Kong at Nam Cheong Street.

    *More expert members are set to join the Advisory Committee

  3. Executive Committee

    Assist the Advisory Committee in conducting research and advocacy work, and in putting its innovative plans into practice

Let’s rethink anddo more

Our Research Direction

The Advisory Committee will examine a host of long-standing housing issues facing Hong Kong society. These range from unaffordable housing for young families, prolonged waiting time for public housing and the lack of elderly-friendly homes as the population ages. Members will conduct in-depth research and aim to provide alternatives to the public, subsidised and private housing types currently available. This will support first-time homebuyers, especially among the young, as it helps build a more inclusive housing ladder. These efforts drive the Group’s vision of “Creating Shared Value” and will create a “win-win-win situation” for the government, the public and business. New World Build for Good will announce its research direction as well as detailed, feasible proposals in the near future.

Other Social Housing Projects

Guided by the vision of “Creating Shared Value”, New World Development has introduced, in recent years, a number of new social housing projects as it continues to give back to society and build for a better future.

Innovative Social Housing Programme

New World Development (NWD) has announced earlier that it would donate its farmland reserves to NGOs and/or the Hong Kong SAR government for social housing projects. A total of four projects are now in the preliminary planning phase. These include a transitional home project on Fan Kam Road currently being developed in partnership with Hong Kong Lutheran Social Service, and a transitional home project in Ngau Tam Mei, created in collaboration with Evangelical Lutheran Church Social Service - Hong Kong. The four projects will build an expected total of over 2,000 units. In order to offer additional land for transitional homes, and to build better communities for Hong Kong’s next generation, NWD is also liaising closely with NGOs and relevant government departments, and inject unique and innovative elements into social housing projects.

Sham Tseng Light Housing Project

In 2016, with funding from Chow Tai Fook Charity Foundation, NWD partnered with social housing enterprise “Light Be” to launch the “Sham Tseng Light Housing” in a first for Hong Kong. Together, they transformed a defunct 1960s dormitory into homes for low-income families, facilitating their upward mobility and helping those who need support build positive lives.

NewGen First Home Programme

In December 2017, NWD launched the “NewGen First Home Programme”, with THE PARKVILLE in Tuen Mun as pilot site, to give young people an extra option on affordable home ownership. Designed for young buyers who are financially able, the programme offers a significantly lowered down payment threshold to as low as 7.5%, with stamp duty subsidised by the developer, and “progressive mortgage repayments” to encourage young buyers to save up and settle the remaining principal balance of their loan as quickly as possible.