New World Strategic Investment, the investment arm controlled by the family of Cheng Yu-tung, plans to invest in the property markets of the United States, Europe and Japan with local investment partners.

Adrian Cheng Chi-kong, managing director at New World, said yesterday the company's investments would be increased to HK$10 billion within seven years. It invested about HK$3 billion in various projects on the mainland in October last year.

South China Morning Post