引用: http://www.thestandard.com.hk
China Vanke, the world's biggest real estate firm by sales, said it remains confident about the prospects in the Hong Kong property sector despite the imposition of several tough curbs last week.
The mainland developer does not rule out undertaking a residential project in Hong Kong all by itself.
It insisted property-sector curbs imposed by mainland authorities did not compel the firm to tap opportunities abroad.
"In fact, we believe the measures taken by the Hong Kong property government are even tougher, but the buyer's stamp duty has a limited impact on our development in the city," chief executive Yu Liang said.
The company, which is in the process of converting its Shenzhen-listed B shares into Hong Kong property H shares, has partnered with New World Development (0017) to win a bid for an MTR Corp (0066) housing project in Tsuen Wan.
Yu said it may initiate a development on its own when the time is ripe.
"Building homes in Hong Kong property is easier than in the mainland," Yu noted.
Earlier this month, Vanke partnered with Tishman Speyer, owner of New York's Rockefeller Center, to develop two high-rise residential condominium buildings in San Francisco.
"Of course we will not only have projects in San Francisco. We will not rule out the possibility of having long-term investments elsewhere and learn from good companies in other countries," Yu said.
Du Jinsong, an analyst at Credit Suisse, said: "Their target customers are mainlanders who want to migrate overseas or have homes outside the country."
Vanke's net income rose to 8.87 billion yuan (HK$11.04 billion) in July-December 2012, compared with 6.65 billion yuan a year earlier.
For the full year, profit rose 30 percent to 12.6 billion yuan. Vanke shares closed 4.6 percent higher yesterday. STAFF REPORTER and REUTERS
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