K. Wah International: The property market just needs strong
Jiahua International (173) Finance President Lin Biao revealed with the media yesterday that in the first half of the year, K. Wah International’s sales were satisfactory, and Hong Kong’s main force, Xinpan Jiahui and Jiaxi, were sold out, but It can only be accounted for when the building is handed over, and the profit for the first half of the year is guaranteed. He also said that the current rigidity of the Hong Kong property market needs to be strong, and the market is well funded, and there is no sign of a turning point in the property market.
Jiahua International has broken sales of 10 billion yuan for four consecutive years, among which unrecognized contract sales, about 12.2 billion yuan is expected to be accounted for this year or 2020, distributed by region, with 62% of sales coming from Hong Kong. 27% came from the Yangtze River Delta region and 11% came from the Greater Bay Area of the Pearl River Delta. Last year, the Group’s core profit was 3.05 billion yuan, up 19% year-on-year.
This year’s main event Jiafenghui
K. Wah International’s current land bank is maintained at a level of 1.5 million square meters. It is expected that five new properties will be launched this year. Three of them will be located in Jiatao Bay, Jiayuting Phase III and Jiayuhui in Shanghai, providing a total of 492 units. . As for the projects in Hong Kong, there are five luxury houses in Kinder Road, Kowloon Tong, and the largest new flats of the Group this year. The plate is the second group in the Kai Tak Development Zone. It was recently named Jiafenghui, providing 1006 gangs. The standard households are open to 3 rooms, and the 2 rooms are the mainstay, accounting for more than half of the total number of project units; The unit has a usable area of more than 200 to 300 square meters. It will also provide the first type of bungalows in the district, which is expected to be launched shortly.
Lin Biao is very optimistic about the property market in Hong Kong. As Hong Kong’s population continues to grow and many mainland professionals come to Hong Kong, these people are very rich and have become an important purchasing power of the property market. He continued that Hong Kong is well-funded and its interest rate is kept at a very low level. In addition, Hong Kong’s economy is still good, the unemployment rate is low, the housing market needs to be rigid, and there is support for property prices. Although the recent resurgence of Sino-US trade wars is a major uncertain factor for the global economy, he believes that China will eventually win a lot. He laughs that “the Chinese have a strong ability to starve, and the Americans are not willing to eat a small number of calves. When the trade war damages the interests of the Americans, the United States will eventually make concessions.