Nearly 10 billion sales of North Point Commercial Building Hengdi profit increased by 50%
Henderson Land (0012) benefited from the sale of No. 18, Jinghua Road, North Point, with a high price of 9.95 billion yuan in January, and recorded a revenue of 5.609 billion yuan. The base profit increased by 52.19% for the half year ended June. 13.858 billion yuan. After the interim results, the Group further implemented the sale of 50% interest in No. 8 Observatory Road, Tsim Sha Tsui, and cashed out 4.1 billion yuan. The Group has 2,316 residential units for sale and opening in the second half of the year, which have been sold in Hong Kong but not accounted for. The amount is as high as 14.848 billion yuan.
The unrecorded amount of sales has reached 14.8 billion
The revenue from the sale of the rented property during the period has provided a base profit of $6.255 billion, of which $5,609 million came from the commercial building at 18 King Wah Road, North Point. The pre-tax profit of the sales business increased by 71% year-on-year to 3.994 billion yuan, of which 2.78 billion yuan came from the sale of Tuen Mun Guan Cui Road residential project. The net pre-tax income of the rental income department attributable to it increased by 7% year-on-year to 3.534 billion yuan.
The group also said that there are 1,061 residential units that have been on sale but still for sale, accounting for 94% of the total usable area. In the second half of the year, it intends to sell 57-59 Ma Tau Wai Road, Yuen Long City Lot No. 254 and 342-356 Yuen Chau Street, Cheung Sha Wan. It involves a total of 1聽255 flats, with an area of 37.2%. .
Henderson also said that it has 49 redevelopment projects in the urban area that have purchased all or more than 80% of the ownership. It can be sold or leased next year or later. It is expected to provide a total floor area of approximately 440 million baht. The land price is estimated to be about 37.833 billion yuan. In the New Territories, about 40% of the New Territories land was added during the period. As of the end of June, the Group’s New Territories land bank has been expanded to approximately 4530 baht, which is the developer holding the most land in the New Territories.
Rebuilding projects with 49 old buildings involving 4.4 million
In the Mainland, during the period, Henderong Land recorded a total contracted sales of approximately RMB 2.225 billion and sold a floor area of 168 ft.; while having approximately 640 呎 呎 investment properties, its pre-tax net income increased by 16% year-on-year. To 749 million yuan.
In addition, the Group’s retail business flagship Henderson Development (0097), the profit attributable to shareholders for the period was 48 million yuan, up 33.33% year-on-year; interim dividend per share was 2 cents, the same as last year.