Rumors have circulated online that Hong Kong-based property giant New World Development plans to sell the office portion of its K11 property on Huaihai Middle Road in Shanghai. However, the company swiftly refuted these claims, attributing them to intermediaries and emphasizing that the office building is currently only available for lease. As a flagship asset of New World Development, the project stands prominently in Shanghai's central business district. Despite insiders hinting at potential sale intentions, many industry experts have expressed unawareness of any such plans. Analysts speculate that, given the debt pressures stemming from previous investments, New World Development might contemplate selling non-core assets or securing mortgage loans to alleviate financial strain. Data from the first half of the year indicates robust activity in bulk asset transactions in Shanghai, with investors continuing to favor office buildings in prime locations.