Hong Kong Paegou Real Estate plans to invest 50 billion yuan (Hong Kong dollars, the same below, approximately S $ 8.6 billion) to expand the business of mainland China. The goal is to increase the company's total investment area in the mainland by 2032Times.
According to China News Agency, Swire Real Estate announced the mid -term performance of 2023 on Thursday (August 10).Performance data show that the company's frequent profit in the first half of this year was 3.892 billion yuan, an increase of 220 million yuan year -on -year.Performance growth mainly reflects the strong recovery of retail property portfolio and hotel business in Hong Kong and the mainland.
President Bai Deli said that he is happy to see the market atmosphere, especially in the past six months, the recovery of its retail mall is ideal.Although there are still many challenges in the future, especially Hong Kong office buildings, the prospects are still optimistic.The company will actively enter other first -tier cities and emerging first -tier cities in the mainland to actively expand business in the Greater Bay Area.
Taikoo Real Estate announced in March 2022 an investment plan of 100 billion yuan, mainly in the development of new projects such as Hong Kong, mainland and Southeast Asia. At present, about 40%of funds have promised to be launched in a new investment projectEssence
Among them, Taikoo Real Estate plans to launch 50 billion yuan to expand mainland business, with the goal of doubled the total floor area of the mainland by 2032.
Taikoo Real Estate said that the mainland is still the core market for the future development of Swire Real Estate. It is optimistic about its development prospects, especially many international brands intend to expand their business.
