{"id":114866,"date":"2020-03-12T10:15:12","date_gmt":"2020-03-12T03:15:12","guid":{"rendered":"http:\/\/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\/"},"modified":"2020-03-12T11:12:38","modified_gmt":"2020-03-12T04:12:38","slug":"chinese-estates-under-hong-kongs-fourth-richest-tycoon-says-profit-set-to-fall-for-a-fifth-year-as-company-sells-zero-homes","status":"publish","type":"post","link":"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\/","title":{"rendered":"Chinese Estates, under Hong Kong\u2019s fourth richest tycoon, says profit set to fall for a fifth year as company sells zero homes"},"content":{"rendered":"


\nChinese 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 prices slumped.The developer issued a warning late on Wednesday, saying earnings could drop by 17 to 27 per cent in the year ended December 31, 2019, from HK$1.01 billion (US$130 million) in 2018. That would be the least\u2026
\n
\nSource : South China Morning Post
\nRead more…Chinese Estates, under Hong Kong\u2019s fourth richest tycoon, says profit set to fall for a fifth year as company sells zero homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese Estates Holdings, controlled by the family of property tycoon Joseph Lau Luen-hung, said earnings...<\/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-114866","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-tSG","jetpack-related-posts":[{"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":114866,"position":0},"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":64972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-shares-rise-to-record-as-hong-kongs-china-estates-keeps-up-its-buying\/","url_meta":{"origin":114866,"position":1},"title":"Evergrande shares rise to record as Hong Kong\u2019s China Estates keeps up its buying","date":"August 30, 2017","format":false,"excerpt":"\r Shares of China Evergrande Group rose to a fresh all-time high on Wednesday as Chinese Estates Holdings, controlled by Hong Kong tycoon Joseph Lau Luen-hung\u2019s wife Kimbie Chan Hoi-wan, continued to build a stake in the property giant. An announcement by Chinese Estates on Monday night showed it had\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-soars-26pc-as-hong-kong-tycoon-laus-family-investment-boosts-confidence\/","url_meta":{"origin":114866,"position":2},"title":"Chinese developer Kaisa soars 26pc as Hong Kong tycoon Lau\u2019s family investment boosts confidence","date":"September 21, 2017","format":false,"excerpt":"\r Shares of Chinese property developer Kaisa Group soared 26 per cent on Thursday morning after it was revealed that tycoon Joseph Lau\u2019s family has invested nearly US$1.2 billion in the company\u2019s offshore debts. Lau\u2019s family, led by his wife Kimbie Chan Hoi-wan, along with their company, Chinese Estates, and\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":114866,"position":3},"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":104693,"url":"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\/","url_meta":{"origin":114866,"position":4},"title":"Chinese Estates, selling a single home last year, posts a 72 per cent plunge in profit as sales and equity investments shrink","date":"March 5, 2019","format":false,"excerpt":"\r Chinese 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estatess-subsidiary-pockets-hk26m-windfall-profit-from-fast-trades-in-evergrande\/","url_meta":{"origin":114866,"position":5},"title":"Chinese Estates\u2019s subsidiary pockets HK$26m windfall profit from fast trades in Evergrande","date":"May 31, 2017","format":false,"excerpt":"\r Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung\u2019s wife Chan Hoi-wan, has become a big winner in China Evergrande Group share price surge, making a profit of more than HK$26 million (US$3.34 million) in just a few days. Records from the Hong Kong stock exchange\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\/114866"}],"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=114866"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114866\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}