“The Chinese have a saying that ‘Water is a source of money’. A harbour view creates value for a property, whether in Shanghai or Singapore,” said Franshion Chief Financial Officer Mr Jiang Nan.
The terminal contributed half of Franshion’s profits in the first half, Jiang said. “The Shanghai International Cruise Terminal has been a very important source of profit for the company in the past few years.
The Cruise Terminal booked revenue of HK$1.73 billion in the first half from selling 21,406 square metres of space at 69,900 yuan (HK$85,000) per square metre…..