26/1/2018-7

Expand service-oriented residential building expansion map

Apart from acting as an agent, in order to widen its business and diversify its investment, the Group started to invest in properties from the previous year, including serviced apartments and industrial buildings.

North Point Prince Hui Hui is now leasing

Midland Industrial and Commercial (00459) was listed on the Main Board in 2008. In order to maintain its shareholders’ income, apart from engaging in agency services, it is also actively investing in commercial and industrial properties. In January last year, the Company acquired the properties of No. 33 and No. 35 Java Road, North Point, from the Group’s chairman, Huang Jianye. As the serviced residence of Emperor Hui Hui, the property involved was rented at a cost of $ 400 million. The property has been renovated to provide 40 units of 316 to 786 sq. Ft. Lease.

In November last year, the Group also acquired the multi-storey flat of the Roche Micron Building in Kwai Chung for 196 million yuan. Wong Hom-cheng means that there is a certain appreciation potential in the industrial buildings. As the building age is older and the price in West Kowloon is still “low”, the rental income is also lower. If the company can successfully raise the rate of return from 3% to 5% This not only brings more stable earnings to shareholders, but also highlights the company’s ability. He pointed out that at present, the company still has over $ 500 million in cash available and will continue to look for potential properties for investment. After all, the agency business is relatively volatile and therefore seeking to develop in many aspects.

This year expected to hire 20 to 30 people

For the coming year, Wong said that it would not necessarily set up additional branches but expected to hire another 20 to 30 staff. “There are a number of companies that have not yet completed their seats, and hopefully they will be able to fill up first. Although there are many advantages this year, both have Risk. “The US rate hike and political factors also have an opportunity to affect the global market. Once the residential market declines, the commercial and industrial properties will also be affected and will not expand aggressively.

Regarding the prospects of Guangdong, Hong Kong, Macau, Tai Wan, he urged the government to pay close attention to and actively develop. As the global bay areas are all important economic development areas such as New York Bay, Tokyo Bay and San Francisco Bay, if Guangdong, Hong Kong, Hong Kong will become an indispensable economic bridge and will also bring major positive factors to the economy of Hong Kong.