{"id":47311,"date":"2017-03-09T17:03:02","date_gmt":"2017-03-09T10:03:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-2016-profit-tumbles-17-7pc-dragged-by-lower-rental-income\/"},"modified":"2017-03-09T17:09:26","modified_gmt":"2017-03-09T10:09:26","slug":"chinese-estates-2016-profit-tumbles-17-7pc-dragged-by-lower-rental-income","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-2016-profit-tumbles-17-7pc-dragged-by-lower-rental-income\/","title":{"rendered":"Chinese Estates 2016 profit tumbles 17.7pc, dragged by lower rental income"},"content":{"rendered":"


\nA 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.
\nFor the year to December, net profit was HK$6.36 billion (US$818 million), down from HK$7.72 billion a year ago, according to a company filing to the Hong Kong stock exchange on Thursday.
\nRental income fell 34.5 per…
\n
\nSource : South China Morning Post
\nRead more…Chinese Estates 2016 profit tumbles 17.7pc, dragged by lower rental income<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A week after a major share restructuring by the former chairman Joseph Lau Luen-hung, Chinese...<\/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-47311","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-cj5","jetpack-related-posts":[{"id":63438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-issues-first-half-profit-warning-as-rental-income-falls\/","url_meta":{"origin":47311,"position":0},"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":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":47311,"position":1},"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":160072,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sino-land-profit-falls-due-to-lower-rental-income-falling-occupancies\/","url_meta":{"origin":47311,"position":2},"title":"Sino Land profit falls due to lower rental income, falling occupancies","date":"August 27, 2025","format":false,"excerpt":"\r Hong Kong developer Sino Land on Wednesday said its net profit for the financial year that ended on June 30 fell from a year earlier as strong residential sales were offset by lower rental income and falling occupancies. After taking into account a one-time loss of HK$1.08 billion (US$138.7\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-shares-end-lower-despite-rise-in-core-profit\/","url_meta":{"origin":47311,"position":3},"title":"Chinese Estates shares end lower despite rise in core profit","date":"March 15, 2016","format":false,"excerpt":"\r Shares of Chinese Estates fell sharply on Tuesday despite its core profit jumping 3.4 times last year to HK$16.78 billion, mainly driven by asset disposals.\r \r Source : South China Morning Post\r Read more...Chinese Estates shares end lower despite rise in core profit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-shares-fall-10-per-cent-despite-rise-in-core-profit\/","url_meta":{"origin":47311,"position":4},"title":"Chinese Estates shares fall 10 per cent despite rise in core profit","date":"March 15, 2016","format":false,"excerpt":"\r Shares of Chinese Estates Holdings opened 10 per cent lower in the afternoon session on Tuesday even though its core profit jumped 3.4 times last year to HK$16.78 billion. The stock traded at HK$18.72 after the result announcement.\r \r Source : South China Morning Post\r Read more...Chinese Estates shares\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61958,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-properties-profit-dips-4pc-in-first-half-on-lower-rental-income\/","url_meta":{"origin":47311,"position":5},"title":"Hang Lung Properties\u2019 profit dips 4pc in first half on lower rental income","date":"July 27, 2017","format":false,"excerpt":"\r Interim profits for Hong Kong developer Hang Lung Properties beat projections by Goldman Sachs but still came in 4 per cent lower compared to the same period last year on lower rental income. Underlying profit in the first half, excluding revaluation gains in investment properties, dropped 4 per cent\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\/47311"}],"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=47311"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47311\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}