Media365
Sino Land reported a net profit of HK$2.22 billion (US$284 million) in the first half of its current financial year – excluding revaluation losses on investment properties – that was slightly down from HK$2.24 billion a year earlier, according to its Hong Kong stock exchange filing on Friday.
The company’s revenue rose 34.5 per cent to HK$5.19 billion from HK$3.85 billion a year ago. Revenue from property sales, including sales of associates and joint ventures, jumped 2.8 times to HK$6.91 billion from HK$2.45 billion in the same period in 2024.
Taking into account a HK$682 million revaluation loss on investment properties, the developer earned HK$1.53 billion in the period, down from HK$1.82 billion a year ago.
Delivering his first earnings after taking over the chairman role from his father, Ng highlighted the city’s encouraging property sales performance in the second half of 2025, which delivered proceeds of HK$6.5 billion.
The developer’s results come as the city’s housing market showed signs of stabilising. Home prices have climbed 3.7 per cent so far this year, according to the Centaline City Leading Index, after gaining 1.6 per cent in January.
