16/10/2017-9

Li show: 6 million pre-sale of uncompleted next year

The end of July this year, Lixin Development (00488) deducted property revaluation and non-recurring core profit during the year, down 24% to HK $ 250 million The

Core earn 24% of the final dividend 10 cents

The new total of three new properties for sale in Tseung Kwan O “Blue Pond", Kowloon Ma Tau Kok “Hi Tsuen" and Sham Shui Po, totaling $ 6 billion. Vice President Zhou Fuan is expected to be admitted in the second half of next year after the occupation. Mr. Tan Junyi, Senior Vice President of Corporate Finance and Investor Relations at the Group, added that with the increase in sales revenue, the Group will enter the “harvest period" in 2018, in line with the Group’s development strategy.

If you take into account the investment property and property revaluation gains, Lai new development of full-year net profit by 8 percent, additional 5 cents to 10 cents cents.

In the sales plan, Zhou Fuan pointed out that apart from continuing to sell the above three real estate trailers, it is expected that the Sai Wan Ho project flats will be introduced in the second half of next year, involving about 144 residential units and there is no specific pricing. Zhou Fuan that the current stabilization of property prices, mainly due to the US interest rate rate has slowed down, the Mainland’s economic stabilization and the developers launched two press, are conducive to buyers into the market, the future trend of property prices is expected to stabilize, fall.

Li & Fung Holdings (01125)’s rental income rose 17% yoy. Tan Junyi pointed out that China and Hong Kong rents each year to contribute about 7-8 billion yuan in revenue, so the future intention to gradually increase the rental business.

The new phase of the project “Innovation" is still at the project stage. Zhou Fu’an is expected to open at the beginning of 2019 after the opening of the Hong Kong-Zhuhai-Macao Bridge next year.