HONGKONG Land, a member of the Jardine Matheson Group, saw full-year earnings rise in 2018, boosted by higher property rents and its property development business in China and Singapore.
The group said its investment properties, which are concentrated in Hong Kong and Singapore and form the largest contributor to the group's earnings, benefited from higher overall average rents. In addition, its development properties saw higher profits in Singapore, while profits from mainland China were steady.
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Market mismatch slows once-booming private property market in PenangChairman of the real estate housing development association in Penang, Toh Chin Leong, on how high land prices and construction costs are eating in developers’ profit margins: (📹: Aidila Razak) You are STILL making good $$$, why are you bitching!! Haha...he is only looking at the profit margin against revenue. Most developers are leveraged. ROEs can be very high. In fact, if you look at price psf, developers profit margin is among the highest margin of all. The question is how much profit 20% 30% or 40% greed knows no limits
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »