Changshi confirms the sale of Dalian property project to Rongchuang

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      Mainland media have reported that Li Jiacheng's Yangtze River Industrial Group (1113.HK) sold a property project in Dalian to Rongchuang China (1918.HK), an interior housing company. Changshi confirmed on Friday that it reached an agreement to sell the project about half a year ago and signed the contract more than four months ago.
Changshi said that the Mainland is the key market of the Yangtze River Group. The Group has been looking for opportunities for the development of the industry in the Mainland. Whether it can be implemented depends on the return on investment. In real estate, there are more than 50 real estate projects in Mainland China, which are distributed in more than 20 cities.
Chang said that in the past 10 years, the average annual income of property sales in the Mainland was about HK$28 billion, while the average income of less than two months was equivalent to the sale of Heizui project in Dalian Xigangshan. The pace of property sales in this year is similar to that in the past 10 years.


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