Strategic Divestment – Tsim Sha Tsui Office Unit Sold with HKD1.8 Million Profit

In November 2021, Popular RE, backed by Saichild Financial Holdings Limited, strategically acquired an office unit in the prestigious Tsim Sha Tsui (TST) district of Hong Kong for HKD18.5 million. This acquisition was part of our broader initiative to strengthen our presence in Asia by capitalizing on Hong Kong's status as a global business hub and the dynamic commercial environment of TST. 

Tsim Sha Tsui, known for its blend of commercial, retail, and cultural landmarks, has consistently attracted multinational corporations and investors, contributing to its high market value. The district's strategic location and connectivity have made it a focal point for businesses seeking growth in the Asia-Pacific region. 

After a holding period of approximately three and a half years, we are pleased to announce the successful sale of the TST office unit, realizing a profit of HKD1.8 million. This outcome underscores our disciplined approach to identifying and capitalizing on high-potential real estate opportunities, as well as our ability to execute timely exits that maximize returns for our stakeholders.

The proceeds from this divestment will be reinvested into new ventures that align with our strategic vision and commitment to delivering sustainable value.