Chinese Estates has a 10 per cent stake in Grand Central in Kwun Tong, a project due for completion in 2021. Photo: HandoutChinese Estates has a 10 per cent stake in Grand Central in Kwun Tong, a project due for completion in 2021. Photo: Handout
Chinese Estates has a 10 per cent stake in Grand Central in Kwun Tong, a project due for completion in 2021. Photo: Handout

Chinese Estates, under Hong Kong’s fourth richest tycoon, says profit set to fall for a fifth year as company sells zero homes

  • Profit sets to fall by 17 to 27 per cent in 2019, to the lowest level since it incurred a loss in 2010
  • There was no sale of trading properties in 2019, according to exchange filing
Topic |   Hong Kong property
Chinese Estates has a 10 per cent stake in Grand Central in Kwun Tong, a project due for completion in 2021. Photo: HandoutChinese Estates has a 10 per cent stake in Grand Central in Kwun Tong, a project due for completion in 2021. Photo: Handout
Chinese Estates has a 10 per cent stake in Grand Central in Kwun Tong, a project due for completion in 2021. Photo: Handout
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