Returning funds, optimistic about the US property market
The property price is high and the flour is expensive. Acer Capital (02288) Chairman Chen Weilun said that the group is optimistic about the US property market because the funds are returning to the local area.
Acer Capital’s development projects in recent years are mainly in the industrial and commercial sector. It has also promoted the residential developments in Tsim Sha Tsui. Mr Chan said that the current property prices in Hong Kong are at a high level. “We are selling every day, but depending on the quality and price, the price of Hong Kong is relatively high. high.”
California Chinese Hot West Prospects
Investment should be global and look for opportunities. Acer Capital invested in British properties in the early years, but in recent years it mainly attacked the United States. Last year, it developed two residential projects in Los Angeles, involving two independent houses, each of which was sold for about 2 million square feet, and was sold by about 200 million yuan. He pointed out that optimistic about the return of funds to the United States, “Why is the property market in the Asian market hot in recent years, all because the United States has made quantitative easing since the financial tsunami, and funds flowed into Asia, and I believe that there will always be a return of funds to the United States. This phenomenon is happening now, so several years. Before starting to pay attention, the western United States, such as California, is generally welcomed by Chinese, especially the mainland’s strong guests.”
After the development of the project and profit, the group raised the investment project in Los Angeles and purchased the house for about 15 million yuan to build two separate houses, each with an area of about 8,000 square feet. More than 10,000 yuan. In addition, the Group also purchased more than 100,000 square feet of floor space for comprehensive development, downstairs shopping malls and 109 residential units upstairs with an investment of nearly 800 million yuan. He believes that the United States wins the land and has more room for development. “I share the Hong Kong property market with people in the US real estate industry. They can’t believe that Hong Kong’s residential units are only 200 square feet.” He stressed that the group’s investment is to seek opportunities. Paying attention to the return on investment, each project will be carefully selected.