Citic Pacific Ltd (CPL) had to decide whether to buy the newly reclaimed land on the waterfront of Victoria Harbour, Hong Kong, as well as to develop a class of office building for investment purposes. The decision was to be made at the approach of the cyclic high point in the market class office space in the second half of 2000. CPL knew that the commercial property market has been extremely cyclical and that very few companies operating on the market of the time were able to rent bikes and successful investment strategy. If Citic Tower II appeared on the market at the right time, it can be much more promising than it appeared in the middle of 2000. No one knows when the "right time" is, of course, but the possibility to postpone the decision on the development, while retaining control over the site can gain time and opportunity to save what can be a very good opportunity. In other words, CPL was appreciate its features. "Hide
citic tower ii case solution
by Frederik Pretorius, Maria Ho Source: University of Hong Kong, 7 pages. Publication Date: July 16, 2002. Prod. #: HKU199-PDF-ENG
Related Case Solutions & Analyses:
CoalfFields Coffee: Where to Go
Unintended Acceleration: Toyotas Recall Crisis
Bandyworks (B): Tom Bandy-Growing Letting Go
George Martin at The Boston Consulting Group (C)
Fisk Alloy Wire and Percon
Endo Pharmaceuticals (A): From LBO to …
The Queen vs Dudley and Stephens (1884) (The Lifeboat Case)
Ratios Tell A Story 2007
Informal Networks: The Company behind the Chart
Gordon Biersch
