Hong Kong-owned real estate developers can dominate the market for five years Chen Qizong questioned the strength of the house that outsiders difficult to intervene
In recent years, the Mainland real estate companies have come to buy residential land in Hong Kong or the entire commercial buildings, Hang Lung Properties (00101) Chairman Chen Qizong yesterday at the group annual performance meeting said that the next five years the real estate market in Hong Kong is still dominated by Hong Kong real estate developers, ” Hong Kong real estate business battle. ” He admitted that Hong Kong’s real estate market has been developing for many years and has become a rather unique market in the past 30 to 40 years. It is also not easy for outsiders to intervene in the market.
In recent years, many Chinese enterprises have come to Hong Kong for investment. For example, the mysterious HNA Group with its shareholder background has repeatedly swept into the land of the Kai Tak Development Zone at an astronomical price. In the past, Chen Qizong also questioned the practice of these mainland enterprises to buy at a sky-high price in public or in the group’s annual reports. Recently, it is reported that HNA needs to raise funds for the Kai Tak land. Chen Qizong said frankly that Chinese enterprises should not underestimate the strength of real estate developers in Hong Kong and wonder whether mainland enterprises have enough strength to participate in the Hong Kong market.
Laughter to embrace cattle “city”
He also said that in less than a year after mainland funds went to Hong Kong last year, the land auctioned by the Hong Kong-based real estate developers recently won land. “Sun Hung Kai, Cheung Kong (00001) and Heng Di (00012) Is a very powerful real estate developer. “They also mentioned that their financial strength and low debt ratio make it very hard for mainland enterprises to replace Hong Kong’s leading position in the next five years.
Chen Qizong has always claimed that he hugged a bear market and opted for a shot in the poor market. However, yesterday he said with a smile that he should embrace the bull market and punctuate his words: “Do not hug Cow City like some experts Improve the tail sound, sound like feces) have. ”
Asked whether Hang Lung will work with HNA, he only laughed that “HNA is a friend,” but there is no clear statement on whether the two sides will cooperate in the future. Although local property prices and land prices are still high, Mr Chan pointed out that although Hong Kong’s real estate market is not bad, we must be careful. The government has tried its best to provide more land and accumulated a lot of purchasing power in the market. Therefore, we are not worried about the local property market.
Already expected Tencent Jingdong stake Wanda
Tencent (00700), Jingdong two Chinese branch network enterprises, recently invested 19.5 billion yuan into Wanda commercial, Chen Qizong also took the initiative to mention this “Diao Diao” and “get together” that has long been expected this situation, Section Network companies buy commercial real estate projects, “puzzled, drawing dolls do not have to draw the intestines.” He later explained that the online and offline business needs dual-track parallel, Branch Network business well online, but also need to have a store to support, Therefore, the acquisition of large-scale acquisition. As for whether Hang Lung will introduce a network enterprise as a shareholder, Chen Kai-tsung made no clear statement but disclosed that there is no need for the fund at present. Therefore, there is no plan to take advantage of the booming market for financing.