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Physical Property Holdings Inc. Explores Additional Acquisition Target of Residential Units

2007-10-11 19:06 826

HONG KONG, Oct. 11 /Xinhua-PRNewswire/ -- Physical Property Holdings Inc. (OTC Bulletin Board: PPYH) announced today that it looked into the real estate development of Vision City in Tsuen Wan, Hong Kong ( http://www.visioncity.com.hk ) for possible residential units acquisition during the week. Vision City is an integrated real estate development project comprising of a 5-star hotel, Grade-A office towers, a shopping mall and residential towers. Located at 1 Yeung Uk Road, Vision City is in the center of excellent transportation network between the West Rail Tsuen Wan Station and the Mass Transit Railway Tsuen Wan Station.

"We are actively looking into possible acquisition targets of residential units every week, which will provide us with long term appreciation prospects together with a stable recurring rental income," said Mr. Ngai Keung Luk, Chairman and CEO of Physical Property Holdings Inc. "We'll continue to look at and explore new real estate development projects in the major cities in China, and will communicate with our investors about our works thru public news releases in the future."

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 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

Source: Physical Property Holdings Inc.
Related Stocks:
NASDAQ:PPYH
Keywords: Real Estate
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