30/8/2017-10

Housing industry continued Hong Kong property market prospects

Affected by the impact of China’s investment, although the enthusiasm of the interior to Hong Kong, but are optimistic about the prospects of the Hong Kong market. Shimao Real Estate (813) Vice Chairman Xu Shitan said the company began to focus on the Hong Kong market in 2013 and continues to be optimistic about the property market in Hong Kong. However, it is of the view that the investment in Hong Kong is not attractive. In addition, KWG (1813) believes that the property market in Hong Kong is stable and the outlook is still good.

Shimao announced in the medium term to earn 3.879 billion yuan (RMB, the same below), send 40 cents (see table). Xu Shitao said, fortunately Shimao has long been deployed in 2014 to buy a cheap hotel land, can build more than a thousand rooms, 2015 and buy a residential land, the value of more than 200 billion yuan, the return is still high. He pointed out that the first half of the contract has reached 45.12 billion yuan, so the annual sales target of 10% to 880 billion yuan, and have the confidence to be overfulfilled.

KWG Chairman and Executive Director Kong Jianmin that the market is changing, so the room in Hong Kong to vote more cautious is a normal phenomenon. He believes that the property market in Hong Kong is stable and optimistic about its prospects. However, there is not much land supply in Hong Kong. It will depend on the market conditions and location in Hong Kong. The sole proprietorship or joint venture will depend on the total size of the project.

On the middle of more than six times

In addition, the upper term (1207) interim profit of 623 million yuan, an increase of 5.9 times, earnings per share 3.03 points, not to pay interim interest. Asked whether the Group’s overseas projects will be affected by the central control of capital outflows, the chairman and executive director He Binwu said that did not have much impact on future overseas investment will focus on the way along the country’s projects.