pan hong holdings

Pan Hong guides for H1 turnaround on project completion

PAN Hong expects to report profit after tax for its first half ended September, reversing from a loss after tax posted in H1 FY2023.

Pan Hong says, given that it is primarily engaged in the business of property development, revenue recognition is dependent on the launch of new projects and the transfer of control of sold properties.

Pan Hong anticipates net loss for FY2023

PROPERTY developer Pan Hong on Friday (May 12) said it expects net losses for its 2023 financial year ended Mar 31. The drop in revenue is due to fewer transfer of control of units from a property p...

Chinese cities “have started implementing stimulating or relieving measures to support the market, including a decrease in interest rates for first-time buyers, reduction of down payment proportions, and withdrawal of purchase limits”, notes SGX-listed developer Pan Hong.

Developer Pan Hong cautiously optimistic that housing demand in China will return progressively

Singapore Exchange-listed property developer Pan Hong is cautiously optimistic that core housing demand in China will improve as Chinese cities start to introduce measures to support the housing marke...

Pan Hong signs 150m yuan revolving loan facility with Chinese firm

Pan Hong signs 150m yuan revolving loan facility with Chinese firm

PROPERTY developer Pan Hong Holdings Group on Friday said that its subsidiary in China has signed a 150 million yuan (S$29.2 million) revolving loan facility agreement with borrower, Hangzhou Ganglian...

Pan Hong racks up 25.3% rise in full-year profit

Pan Hong racks up 25.3% rise in full-year profit

PAN Hong Holdings Group chalked up a 25.3 per cent increase in net profit to 100.94 million yuan (S$20.35 million) for the full year ended March 31 amid a surge in revenue.