Luo Xurui hopes that the government will act cautiously

Century City’s three listed companies, Century City (00355), Paliburg (00617), and Regal International (00078) held a shareholders’ meeting yesterday. When talking about the government or the levy of vacant taxes on the first-hand building, Group Chairman Luo Xurui stated that Hong Kong The vacancy rate is low, and vacant taxes may not be applicable in Hong Kong. Due to the ideal sales of real estate, all real estate developers hope to sell real estate as soon as possible and hope that the Government will act cautiously when launching new policies.

Call for the development of land supply

Luo Xurui pointed out that the government has launched a number of hot shots in response to high property prices. However, after the move, property prices have continued to climb. This is because the demand for home purchases has not decreased and the supply of land is insufficient. The key to the adjustment of the property market is balance of supply and demand. The government should focus on land development.

Luo Xurui believes that property prices in Hong Kong will continue to grow steadily. The property market still has a large amount of self-occupied housing demand. The real estate business is “stabilizing.” However, as land prices and construction costs rise, it is difficult for real estate developers to make huge profits. This year, the group will still actively invest in the land. Any type of property will be considered, but it will maintain a wait-and-see attitude.

According to Fan Libao, chief operating officer of Paliburg, the group has been aggressive in making progress, but it is still inferior to its competitors. Since the market is “hungry”, people on both large and small scales have had a fight. Fan Tong pointed out that its Jiudu Mountain project is the main force of this year. It is expected that occupation permits will be obtained in September and will be available for sale at the current building. The price will refer to the price of the surrounding real estate. He also believes that if Hong Kong raises interest rates, “I will add too much,” and the slow pace of interest rate hike will not have much impact on the property market.

In terms of hotel business development, Regal Vice Chairman Luo Baowen said that the tourism industry is booming and the hotel industry has a bright future. Both hotel occupancy rates and room rates have recorded double-digit increases. She also pointed out that she is confident that she can develop her aircraft leasing business to be eligible for spin-off listing in the future. However, the listing schedule cannot be disclosed at this stage.