ChiwaylandChiwayland International Limited and its subsidiaries reported a decrease in their profit margin this year (H1 2014). On record, the company faces an 8.6% decrease in their profit. This decrease is brought about by the gross contribution and higher revenues for fixed price houses.

According to the group, fixed price housing projects generally have lower margins and that the absence of projects in the second quarter of 2014 and H1 2014 that have higher margins resulted to their defeat.

Though currently dropping, Chiwayland had a feast on the first quarter this year as they welcomed a 5% increase in their gross profit. It can be recalled that the internationally renowned company projected their earnings from RMB 3.9 million to a whopping RMB 10.7 million. On the other side, their profit after taxation was greatly reduced to 29% (RMB 10.7 million) during H1 2014.

After confirming its listing on Singapore Exchange(SGX), Chiwayland pursued a step to penetrate Australia. This was done by collaborating with Property Solutions. To note, the company has traded in SGX for the very first time last month (August 2014).

According to the CEO of Chiwayland, Kavin Qian, the company believed in their long-term prospects and that their integration with Property Solutions paved the way for their regional expansion in Australia. This expansion allows the company to penetrate the property market of the said country as well as meet the increasing demand for quality properties.

Property to check out for when in Australia is Victoria One.