05-08-2015, 10:10 PM
(05-08-2015, 09:56 PM)BlueKelah Wrote: First property investment loss, next will be htm writedown, just wait and see.
sent from my Galaxy Tab S
Property investment loss? I have no trace of that in my record. Jiangsu Hengyuan sold due to re-org, and hardly any losses, IIRC. May be only transaction cost.
The old yard development should be very profitable. The cost (land+development) is about RMB 5K psm, base on Mr. Ren previously. Shanghai property price is easily few tenth of thousands psm.
(vested, and may be biased)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡