Chinese Estates Holdings, developer of No. 55 Conduit Road, sold a single flat in 2018 at the luxury residential project, crimping its sales and profit. Photo: SCMP/Sam Tsang as of 27 October 2016.

Chinese Estates, selling a single home last year, posts a 72 per cent plunge in profit as sales and equity investments shrink

  • Chinese Estates sold a single apartment unit last year in Hong Kong, amid a cooling market where a 28-month rally in home prices was stopped in its tracks by rising mortgage rates
  • The solitary unit, which sold for HK$286.2 million, contributed HK$125.4 million to the developer’s bottom line
Topic |   Hong Kong company reporting season

TOP PICKS

Chinese Estates Holdings, developer of No. 55 Conduit Road, sold a single flat in 2018 at the luxury residential project, crimping its sales and profit. Photo: SCMP/Sam Tsang as of 27 October 2016.
READ FULL ARTICLE