Far East Organization – Charm

Sino Land profit falls due to lower rental income, falling occupancies

Cs news3 months ago02 mins

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 million) from the revaluation of its…

Billionaire Robert Ng’s Eldest Son Taking The Helm At Hong Kong Property Giant Sino Group

Cs news4 months ago03 mins

The Fullerton Hotel in Singapore, one of the properties owned by Hong Kong-based Sino Group. Courtesy of Sino Group Daryl Ng, the eldest son of billionaire Robert Ng, is taking the helm at Sino Group, whose Hong Kong-listed real estate companies are valued at HK$127.7 billion ($16 billion), after his father steps down at the…