HONG KONG, Sept. 22 /Xinhua-PRNewswire-FirstCall/ -- Physical Property Holdings Inc. (OTC Bulletin Board: PPYH) is pleased to announce today that it is in negotiations to acquire two to three premium residential units/apartments from the Manhattan Hill project in Hong Kong [ http://www.manhattan-hill.com.hk ] . Manhattan Hill is developed by one of the most well known real estate developers in the region and its units rise over the heart of Hong Kong and its transportation network can be easily accessed.
"We are finalizing the terms and conditions for the acquisition of Manhattan Hill’s units," claimed Mr. Ngai Keung Luk, Chairman and CEO of Physical Property Holdings Inc. "Again, we intend to grow PPYH by acquiring additional premium real estate units which will provide us with a stable stream of income and long term asset appreciation. We will continue to focus on real estate investments and asset management, guided by our investment principles."
About Physical Property Holdings Inc.
Physical Property Holdings Inc. is a comprehensive real estate management and investment service group, focusing on the real estate market in the Greater China region. We are presently building a website at http://www.physicalproperty-ppyh.com for more detailed information of the Company, the selected property markets, and our recent development.
Safe Harbor
Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Physical Property Holdings Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Physical Property Holdings Inc. cautions you that any forward-looking information provided by or on behalf of Physical Property Holdings Inc. is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. Physical Property Holdings Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Physical Property Holdings Inc.’s control. In addition to those discussed in Physical Property Holdings Inc.’s press releases, public filings, and statements by Physical Property Holdings Inc.’s management, including, but not limited to, Physical Property Holdings Inc.’s estimate of the sufficiency of its existing capital resources, Physical Property Holdings Inc.’s ability to raise additional capital to fund future operations, Physical Property Holdings Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Physical Property Holdings Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Physical Property Holdings Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
For more information, please contact:
Investors Relation Officer
Tel: +852-2917-0110
Fax: +852-2890-9484
Email: property@physical.com.hk
