Physical Property Holdings Inc.'s New Acquisition Target -- CentreStage

2007-10-15 15:06 894

HONG KONG, Oct. 15 /Xinhua-PRNewswire-FirstCall/ -- Physical Property Holdings Inc. (OTC Bulletin Board: PPYH) announced today that it explored the residential units of CentreStage development in Central, Hong Kong ( ) for possible acquisition during the weekend. CentreStage is a twin-tower complex of 46 floors with unique facilities including a 25-metre outdoor heated pool, lounge, dance floor, gymnasium and the Frederique Spa designed and operated by world renowned experts. Located at 108 Hollywood Road, Central, CentreStage is built for catering young professionals who work in downtown Hong Kong and would prefer the quieter mid-level environment.

"CentreStage is within walking distances from the major business center, Central in Hong Kong as well as from SOHO areas where young western professionals hunt for authentic international restaurants almost everyday," explained Mr. Ngai Keung Luk, Chairman and CEO of Physical Property Holdings Inc. "We believe that CentreStage could be easily rented out to young and energetic professionals and could contribute preferential recurring rental incomes to our portfolio because of its unique location and facilities surrounding it."

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. For more detailed information and our recent development, please visit our corporate website at .

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 Relations Officer

Tel: +852-2917-0110

Fax: +852-2890-9484


Source: Physical Property Holdings Inc.
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Keywords: Real Estate