Hongkong Land Holdings

[CY09]

Thanks Choon, one of the interesting point is this "projected sales price is lower than the development cost". First time, Im hearing that the price of land + constructions outsizes the sales price. You wont encounter this in Singapore projects but this tells you how severe the residential property in China has worsened.

HK land is not a risk taking developer whose projects are concentrated in Tier 3 and 4 cities like country garden. If any, their profile is similar to Yanlord and KSH's, but this could provide a glimpse the potential impairment the latter 2 have to take