Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum ) The Government launched the "Spicy Trick"repeatedly,Sino Land chairman and executive
director Wong Chi Chung admitted yesterday after the shareholders are not happy for this,of course,because of its impact on buyer psychology, but Kommersant understand there is no guarantee " blue sky " daily,stressing has been adapted.In addition,the Government has focused on small and medium sized residential land supply,the group will be offensive such property,funds currently have the cash on hand and available credit facilities totaling $2.04 ten billion HKD,zero debt.He stressed that Hong Kong is still the best place to invest.
Wong Chi Chung pointed out that the government " spicy moves " against the property market,all have different voices and views,views of all parties benefit the future development of the industry,believed that the Government will listen.He believes," spicy move " the presence or absence will not affect the company's operations,but agreed that " spicy move" affects buyer psychology.He said the businessman had to face a lot of challenges to understand,and sometimes a good day,and sometimes rain,not a blue sky day,but business must do in anyway.
He also said,after the release of "first hand sales regulations",slowing down the development to launch sales of properties,but now the parties have become accustomed.He believes that the new legislation on the Hong Kong property development help Hong Kong 's economic fundamentals are healthy,low unemployment and low interest rate environment,end-user driven market,the property market is healthy and stable development.
Expressly refused to follow the new properties discounted trend
Asked that continuing with the recent launch of real estate developers get preferential tax and discount sale mansion,Sino Land will follow the example or not,Sino Land executive director Wong Wing Kong think that every developer's projects have different sales strategies,the
Group over the past month launched Providence bay has sold 49 partners,satisfactory sales.Since July this year,sales of the company selling properties has exceeded $4.0 ten billion HKD, mainly from the sale of Providence Bay Flats and Central Park parking spaces,as well
as the mainland in Chengdu,Xiamen and Zhangzhou project,in the past two months in Chengdu the Palazzo has sold 420 partners,while the central square of Xiamen has sold 99% of the target.
He said the planned sale of the fiscal year of the project including the Kwun Tong Hua Guan Yue · #,Xi Hui Lee Tung Street,Wanchai,Lantau Island residential projects and Kau Ko project,but did not disclose the Group's sales target.Which had sales of paper Moongazing birch # will shortly go on sale.
For land and property price movements,Wong chi Chung with no " crystal ball " does not make predictions,but the response to the recent case
refers to the land is dropping,the government land tender all month,the developers also have appetite before they can eat to Kau To Shan,for example,located at the upper part of the land has good views and some also at a low level without good landscape,the feeling of falling land prices naturally occurring,but last week the premium land in Tuen Mun and Sha Tau Kok appeared higher than market expectations,so each of the sites has a different situation.
The land market " can not eat too much ."
He reiterated that the Government indicated that it will continue to increase land supply,as long as the land is suitable for development of the company,will be into the standard,but also stressed that " can not eat too much,otherwise it is difficult to digest ."
Wong Chi Chung added that the government increase the supply of land,have been successfully launched 8-10 of lands,in the past two years,the company has successfully bid for 7 lands.In addition,if the future availability of suitable land mainland,the company will also be at an appropriate price to bid.For the land of Murray Building Hotel which will cut the bid tomorrow,Sino Land executive director Chan Wing-kwong pointed out that the Group is in the study.
For many recent Hong Kong or mainland developers are to expand overseas real estate market,he pointed out that the world has become so small that the recent ASEAN nine States opt roadshow,the world has become so competitive,the Group will continue develop in Hong Kong,Singapore and Mainland,especially concentrating on the development of Hong Kong because Hong Kong is still the best place to
invest,but it does not mean that companies do not develop abroad.In fact the last 10 years the Group has studied Britain,America and Australia development opportunities.
Wong Cho Bill retiring Sino-Hotels of Sino Land
In addition, Sino Land (0083) and Sino Hotels (1221) announced yesterday,the Shenzhen Donghai Group Chairman Wong Cho Bill because busy of other business,retiring two independent non-executive director and audit committee member effective immediately.
