{"id":104693,"date":"2019-03-05T13:46:00","date_gmt":"2019-03-05T06:46:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-selling-a-single-home-last-year-posts-a-72-per-cent-plunge-in-profit-as-sales-and-equity-investments-shrink\/"},"modified":"2019-03-05T15:03:55","modified_gmt":"2019-03-05T08:03:55","slug":"chinese-estates-selling-a-single-home-last-year-posts-a-72-per-cent-plunge-in-profit-as-sales-and-equity-investments-shrink","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-selling-a-single-home-last-year-posts-a-72-per-cent-plunge-in-profit-as-sales-and-equity-investments-shrink\/","title":{"rendered":"Chinese Estates, selling a single home last year, posts a 72 per cent plunge in profit as sales and equity investments shrink"},"content":{"rendered":"


\nChinese Estates Holdings, the Hong Kong real estate developer controlled by the family of tycoon Joseph Lau Luen-hung, reported its biggest profit plunge since 2010, as it sold a single apartment unit amid a cooling property market last year.The company, chaired by Lau\u2019s 38-year-old son Lau Ming-wai, had a tough year in 2018, selling a single home at its 55 Conduit Road luxury project. The 4,170-square foot (387 square metre) Mid-Levels luxury apartment, which transacted for HK$286.2 million \u2026
\n
\nSource : South China Morning Post
\nRead more…Chinese Estates, selling a single home last year, posts a 72 per cent plunge in profit as sales and equity investments shrink<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese Estates Holdings, the Hong Kong real estate developer controlled by the family of tycoon...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104693","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-reB","jetpack-related-posts":[{"id":80687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-profit-tumbles-42pc-as-rentals-fall-after-former-chairmans-asset-sell-offs\/","url_meta":{"origin":104693,"position":0},"title":"Chinese Estates profit tumbles 42pc as rentals fall after former chairman\u2019s asset sell-offs","date":"February 22, 2018","format":false,"excerpt":"\r Chinese Estates Holdings, the Hong Kong property developer, has reported a 42 per cent plunge in full-year net profit for 2017 following a series of asset disposals, after a major share restructuring prompted by former chairman Joseph Lau Luen-hung\u2019s recent failing health. For the year to December, net profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-under-hong-kongs-fourth-richest-tycoon-says-profit-set-to-fall-for-a-fifth-year-as-company-sells-zero-homes\/","url_meta":{"origin":104693,"position":1},"title":"Chinese Estates, under Hong Kong\u2019s fourth richest tycoon, says profit set to fall for a fifth year as company sells zero homes","date":"March 12, 2020","format":false,"excerpt":"\r Chinese Estates Holdings, controlled by the family of property tycoon Joseph Lau Luen-hung, said earnings are set to fall for a fifth straight year to the lowest in nine years. After selling one apartment unit in 2018 amid a cooling market, the group sold none in 2019 as home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-issues-first-half-profit-warning-as-rental-income-falls\/","url_meta":{"origin":104693,"position":2},"title":"Chinese Estates issues first-half profit warning, as rental income falls","date":"August 11, 2017","format":false,"excerpt":"\r Shares in Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung\u2019s wife Chan Hoi-wan, dropped 3 per cent on Friday after it posted a profit-warning for the half-year, due to reduced rental income and residential sales. The Hong Kong landlord expects net profit to drop between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-run-by-family-of-fugitive-tycoon-joseph-lau-swings-from-interim-profit-to-loss-as-its-evergrande-shares-plummet\/","url_meta":{"origin":104693,"position":3},"title":"Chinese Estates, run by family of fugitive tycoon Joseph Lau, swings from interim profit to loss as its Evergrande shares plummet","date":"August 16, 2021","format":false,"excerpt":"\r Chinese Estates Holdings, a Hong Kong developer controlled by the family of fugitive property tycoon Joseph Lau Luen-hung, has swung from profit to loss after getting burned by stock market investments including China Evergrande\u2019s plummeting shares.The company posted an interim loss of HK$35.5 million (US$4.56 million) for the six\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-sells-bank-to-wife-of-former-chairman-joseph-lau\/","url_meta":{"origin":104693,"position":4},"title":"Chinese Estates sells bank to wife of former chairman Joseph Lau","date":"March 15, 2017","format":false,"excerpt":"\r Chinese Estates Holdings Ltd said it\u2019s selling its holdings in a mainland bank to the wife of its former chairman, part of the programme by Hong Kong property magnate Joseph Lau Luen-hung to disburse his fortunes amid deteriorating health. The property company will sell 577.18 million shares of Shengjing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-2016-profit-tumbles-17-7pc-dragged-by-lower-rental-income\/","url_meta":{"origin":104693,"position":5},"title":"Chinese Estates 2016 profit tumbles 17.7pc, dragged by lower rental income","date":"March 9, 2017","format":false,"excerpt":"\r A week after a major share restructuring by the former chairman Joseph Lau Luen-hung, Chinese Estates Holdings reported 2016 net profit fell 17.7 per cent due to a sharp drop in rental income and smaller gains in revaluation on properties as a result of continuing asset disposals. For the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104693"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104693"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104693\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}