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| New World Development | publisher= ''The Standard'' |date= 5 August 2008|accessdate= 2008-08-07}} The Hung Hom Peninsula project was sold for a below-market land premium of HK$864 million to New World Development (NWD), who subsequently sold off half share to Sun Hung Kai. In 2004, the consortium announced the demolition of these buildings to make way for luxury apartments. The huge popular outcry about this ne |