The board of directors of CSI Properties Limited announced that for the interim period ended 30 September 2016, the unaudited consolidated net profit of the Group is expected to reflect a significant decrease as compared to that of the corresponding period ending 30 September 2015, during which the Group recorded the sizeable sale of the Platinum Building in Shanghai. The group remains optimistic for the current fiscal year as the real estate market for both commercial and residential properties in Hong Kong remain strong. The sales of the Group's Queen's Gate villa project, through a 50:50 joint venture, have also been going strong with over 160 villas sold and the company expects most of these sales to be recorded in the second half of the current fiscal year.