CSI Properties Limited Reports Significant Decline in Sales Revenue to HK$289.8 Million for Fiscal Year Ending March 2025

Reuters
Jun 30
CSI Properties Limited Reports Significant Decline in Sales Revenue to HK$289.8 Million for Fiscal Year Ending March 2025

CSI Properties Limited announced its annual results for the year ended March 31, 2025. The company's revenue from sales of properties held for sale dropped significantly to HK$289.79 million from HK$1.34 billion in the previous year. Rental income remained stable, with a slight decrease to HK$230.83 million from HK$235.83 million. The total revenue for the Group was HK$520.62 million, a substantial decline from HK$1.58 billion in the previous year. The company expressed optimism about a gradual recovery in the Hong Kong property market. They noted signs of easing financing costs which could benefit the real estate sector by lowering mortgage costs, potentially stimulating user and investor demand.

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