Prospects
- The strong economic development and increasing urbanisation in the PRC leading to generally higher consumer disposable incomes and increasing affluence in recent years
- A burgeoning middle class population and increasing consumer spending potential in the PRC
- Prominent geographical location that Foshan City enjoys and the local authorities' continual efforts to develop Foshan will bring about opportunities for real estate development
Business Strategies and Future Plans
To achieve our business objectives whilst maintaining our cost competitiveness, we plan to adopt the following strategies to drive our future growth and increase shareholder value:-
- Continued focus on Foshan City region and expansion into other high growth cities in the PRC such as the Pearl River Delta region as well as other emerging regions such as Guangxi Province, Hunan Province, Jiangxi Province, Liaoning Province and Tianjin City
- Continue to seek new and suitable opportunities to build up our land reserves and portfolio of investment properties through direct acquisitions, joint ventures or business alliances
- Continued focus on quality integrated residential and commercial property developments through our vertically-integrated business model
- Maintain an optimal balance between land bank and capital sufficiency in building up our land reserves and portfolio of investment properties so as to optimise our debt levels and returns to our shareholders