New World’s core profit rose 12% for the whole year. It is planned to push 1700 people. Next year’s “New Generation First Place 2.0”
New World Development (00017) announced the results for the year ended June 2016. The profit attributable to shareholders was RMB 23.338 billion, an increase of 2.04 times, but most of them were benefited from the sale proceeds and the increase in the fair value of investment properties. The impact was a basic profit of 7.978 billion yuan, up 11.8% year-on-year, in line with market expectations. Earnings per share for the period was 2.34 yuan; the final dividend was 0.34 yuan per share, an increase of 3% over the same period last year. The contracted property sales in Hong Kong amounted to 24.7 billion yuan, a record high in the Group and exceeded the sales target of 10 billion yuan. The group plans to push the first home purchase concession plan at the beginning of next year to help young people get on the bus. It does not rule out the relaxation of the buyer’s age limit.
Sales target will remain 10 billion
Zheng Zhigang, executive vice president and general manager, said that the company will launch four new discs in May and June this year to gain market share. The sales volume has reached nearly 20 billion yuan. The Qingshui Bay proudly houses and parking spaces at 5 Monthly sales have exceeded 6 billion yuan. The sales target for the fiscal year of 2019 is maintained at about 10 billion yuan. It has already hedged the interest rate trend and maintained the forecast that the property price will rise by 10%. Is deploying and launching Yuen Long Shang Yue. The Ling, Longtian Village Phase 3, Ho Man Tin Waterloo Road Project and To Kwa Wan Sheung Wan Road Project provide a total of more than 1,300 residential units, together with about 400 existing homes for sale, with a supply of 1,700.
As of the end of June, there were approximately 11.97 million square feet of land in the harbor, of which 3.96 million square feet were residential floors. At the same time, a total of 1.7 million square miles of farmland to be changed are located in the New Territories. Zheng Zhigang said that if the timing is right, the land price and the gross profit level are satisfactory, it will continue to invest in land, and it will be combined with urban renewal and agricultural land conversion. Only 100 units of the company are included in the vacant tax range, and the new tax has a slight impact on the group.
At the end of last year, the company launched the “New Generation First” Buying Flats Scheme for 15 units of THE PARKVILLE, Tuen Mun. Buyers can enjoy the first phase to help buyers aged between 25 and 35 to board. The scheme is in short supply. Nearly 1,200 people applied. Zheng Zhigang promised that the evolutionary version of “New Generation First Place 2.0” will be launched early next year. It is estimated that the first phase will only be 7.5%, retaining the progressive contribution and the lock-up lock-up period, and the developer will pay the ad valorem stamp duty, and It is not excluded to allow the buyer to relax the age limit of the buyer. As for the increase in the number of supply partners, it is still necessary to study how to choose which real estate to implement.
Victoria Dockside, a comprehensive commercial development located on the waterfront of Tsim Sha Tsui, is progressing well and will open in the third quarter of next year. Of the total number of office buildings opened in the fourth quarter of last year, more than 70% have been leased, and the recent contracted rents have exceeded $110.
Mainland sales are over-completed
In the Mainland, the sales amount for the period was 16.26 billion yuan (RMB. The same below), and the target of 16 billion yuan for the whole year was completed. Zheng Zhigang pointed out that the current value of existing residential and commercial properties can be sold at 40 billion yuan and 16 billion yuan respectively. The target is to maintain 16 billion yuan; it will continue to increase its land bank in the Dawan District with an investment budget of about 20 billion yuan. At present, the land reserve is about 7 million square meters, of which 4.3 million square meters are residential. The development cycle has gradually dropped from the past ten years to five years.