date:May 27, 2014
nto third-to-fourth tier cities, as well as into counties, towns and villages, Chen added.
CRE, which has a market value of $7.2 billion, said its profit fell to HK$356 million ($45.9 million) for the January-March quarter, down from HK$512 million profit a year earlier. That compared to a net loss of HK$30 million for the fourth quarter Of 2013.
Turnover for the quarter rose 15.7 percent to HK$41.8 billion from HK$36.15 billion the same quarter last year.
Last October, CRE announced a tie-up