Analysts note that New World Development's Shanghai K11 Elysea project has achieved an 80% occupancy rate, which may pave the way for asset securitization. New World Development stated on Tuesday that the Shanghai office project has attracted luxury brands such as Hermès and Rolex. Analysts expect the project to generate 100 million yuan (approx. $15 million) in net operating income annually, potentially paving the way for the debt-laden group's next cash securitization step.