Property high-flier Robert Ng Chee Siong proved himself once again the most aggressive public land buyer last year.
His Hong Kong-listed flagship, Sino Land, has committed to six big projects involving an investment of more than HK$10 billion. Whether it is luck or calculated strategy, the Sino Land chairman appears to be a winner so far as he manages to replenish the company's land bank just in time.
His last commitment for the year, the HK$4 billion Ho Tung Lau joint venture development with Kowloon Canton Railway Corp in Sha Tin, was landed in November, soon after the government announced a 14-month land-sale moratorium.
Mr Ng has reasons for his strong confidence in the property market.
'There is long-term demand for housing as an estimated 30,000 marriages per annum are expected in the next 10 years,' he says.
Mr Ng is optimistic about the economy, saying the performance is good because of strong re-exports and tourist arrivals, especially those from the mainland.
The six projects will provide a total gross floor area of about 5.8 million square feet, mainly for residential use.
