EarningsThe company leased out two luxury houses at 3 Plunkett Road, enhancing its earnings going forward.
Luxury Home DemandIncreased enquiries from prospective luxury home buyers, especially affluent Mainland buyers, have been noticed after the US Fed rate cuts and supportive measures by the Hong Kong Government.
Market SentimentImproving market sentiment should facilitate the sale of its super-luxury house projects, unlocking its NAV and providing upside on the BUY recommendation.