Mainland transactions boost Centaline’s 2015 revenue

Real estate broker Centaline Group, which operates in Mainland China, Hong Kong and Macau, saw its commission revenue grow by 30 per cent year-on-year to 15.2 billion yuan (HK$18 billion) in 2015, of which 75 per cent or 11.4 billion yuan is derived from the commissions earned in Mainland, the company told in a briefing held in Shenzhen. The commission revenue earned in Mainland China last year was up by 52 percent. The group, which is seeking to be listed on the Hong Kong bourse, has registered a property transaction value at a total of 920.5 billion yuan for 2015, which is up by 42 per cent. Nearly 79 per cent of this value comes from property transactions conducted in Mainland, according to Centaline. The revenue figures include the transactions completed by estate broker Ricacorp, which is also a member of the Centaline Group.