Yau Lee Holdings (0406)

[safetyfirst]

I am uncertain about how well its hotel is going to do... but i really dont like its construction business. High turnover with very low margins, seems very competitive. The higher the share price goes up, the less attractive it gets. I may have bought it at 1 hkd a few months ago but certainly not at 1.52

(not vested)

[soros]

I am uncertain about how well its hotel is going to do... but i really dont like its construction business. High turnover with very low margins, seems very competitive. The higher the share price goes up, the less attractive it gets. I may have bought it at 1 hkd a few months ago but certainly not at 1.52

(not vested)

The shares were last standing at HK $1 in early September 2012. So 50% gain in 4 months is a handsome profit to take to the bank -

So sell half now ?

[safetyfirst]

Can consider. If it goes up further, you would still make some money. If it drops, you wont feel the pain cos you have booked some profits already. Either way, you win!

[soros]

This company has just reported a loss of HK$133 Mil for year ending 31 March 2016. The company was caught out by excessive lead content in drinking water on housing estates on earlier contracts for plumbing work.

[soros]

Apologies , the reported loss should be $159 Mil .     

Hope Singapore developers  take more care in choosing the right  sub-contractors and  plumbers trained in using correct type of solders.

[port]

---

June 2015

支付拆遷安置補償： 

拆遷安置補償須由甲方以下述方式支付予乙方及丙方：

a. 人民幣50,000,000元作為初始補償款，將於拆遷安置補償
協議日期起計15日內以現金方式支付；

b. 人民幣50,000,000元作為進一步補償款，將於拆遷安置補
償協議日期起計一年內以現金方式支付；及

c. 議定貨幣價值之餘額人民幣250,000,000元將以於收回土地
一及收回土地二上或附近將會興建之新住宅物業上10,000
平方米之總建築面積（「議題物業」）以實物方式支付（經
參考市況後按議定率每平方米人民幣25,000元計算）。議
題物業將於乙方及丙方將收回土地一及收回土地二之佔用
權交付予甲方之日起計78個月內竣工及將物業業權交付予
乙方及丙方。該等住宅物業之建築成本由甲方單獨承擔。

[port]

Qinghu metro station

[port]

Nearby project asp,  53k/m2

[port]

深圳“定向”卖地新策

http://yuanchuang.caijing.com.cn/2017/01...2558.shtml

[port]

  2015052909272445235.pdf (Size: 2.59 MB / Downloads: 16) Total Land area of the two pieces of leased land= 51910+5745=57655m2

Assume plot ratio of 2, GFA= 115310m2, cost per GFA=4.8k/m2
Assume plot ratio of 3, GFA= 172965 m2, cost per GFA= 3.2k/m2

Construction cost= 200m rmb
Compensation to YL= 350m rmb
Total redevelopment costs= 550 m rmb

 Taking Longhua District of Shenzhen as an example, data shows that housing price of Longhua soared to 47,865 yuan/m2 in May 2016 from 10,000 yuan/m2 in 2007, with a growth of nearly five times, but the land price from 5,600 yuan/m2 to 57,000 yuan/m2 in the same period, with the growth of ten times. It means that growth rate of land price in Longhua is twice of that for housing price.