SG Talk

This guy is selling his properties in Hong Kong in a hurry and he sells them below cost. Wha's going to happen?

https://www.mingtiandi.com/real-estate/c...elow-cost/

(12-06-2024, 07:18 PM)teaserteam Wrote: [ -> ]This guy is selling his properties in Hong Kong in a hurry and he sells them below cost. Wha's going to happen?

https://www.mingtiandi.com/real-estate/c...elow-cost/

I think many developers want to push down gearing as a priority. The stocks are trading significantly below book value but if they are caught in a multi yr slump with high debts they will end up paying allot in interest. 

So dump and pay down debts to stop the drag from debt servicing.

I don't see any of the major Hong Kong  players going jnto trouble that we see faced by mainland developers half of whom have gone bust.

Buying now may be a trap though they look cheap.  singapore developers like Hing Fok,  UOL are all trading at a significant discount and don't that the Chjna risk factor.

deleveraging by China and not become a rentier economy

(12-06-2024, 07:26 PM)sgbuffett Wrote: [ -> ]I think many developers want to push down gearing as a priority. The stocks are trading significantly below book value but if they are caught in a multi yr slump with high debts they will end up paying allot in interest. 

So dump and pay down debts to stop the drag from debt servicing.

I don't see any of the major Hong Kong  players going jnto trouble that we see faced by mainland developers half of whom have gone bust.

Buying now may be a trap though they look cheap.  singapore developers like Hing Fok,  UOL are all trading at a significant discount and don't that the Chjna risk factor.

 listed
some property companies in hk is selling at <20% below nta d\some dividend yield of >9%
dare to guy ?

Now properties are more affordable to more buyers. Is that a bad thing?

Didn't sgbutt say that China ought to solve HK's housing problem? Now that HK's housing prices are moving in the right direction he again kpkb. Really very difficult to satisfy him.

https://sgtalk.net/Thread-Perhaps-the-gr...solve-this

After third world china stolen hong kong, it has only declined to their death LOLOLOLOL!

Third world china is already dying and collapsing, all they can do is steal from hong kong. Which is brought down to third world china's level. Sick "country" Pui!

No wonder wumaos not happy LOLOLOLOL! Cannot hide.... cannot hide

(12-06-2024, 07:18 PM)teaserteam Wrote: [ -> ]This guy is selling his properties in Hong Kong in a hurry and he sells them below cost. Wha's going to happen?

https://www.mingtiandi.com/real-estate/c...elow-cost/

But he lost big in Brexit.
After Selling the property in China, he went to invest in UK.

Tycoon Li Ka-Shing’s UK Bets Sour as Sterling Slide Bites

https://www.bloomberg.com/news/articles/...lide-bites#

(12-06-2024, 08:04 PM)talky Wrote: [ -> ] listed
some property companies in hk is selling at <20% below nta d\some dividend yield of >9%
dare to guy ?

some only selling at 10% example new world development with ard 10% yield
dare to buy ?

(16-06-2024, 06:46 PM)RiseofAsia Wrote: [ -> ]But he lost big in Brexit.
After Selling the property in China, he went to invest in UK.

Yes,  he lost money in UK.  He might lose more in HK.  Just not his luck.

https://www.businesstimes.com.sg/propert...n-so-empty