New City Development Group Limited provided earnings guidance for the year ended 31 December 2014. For the period, the Group expects to record a decrease in profit as compared to that of the year ended 31 December 2013. The decrease was mainly due to the decrease in fair value gains on investment properties and the absence of the income from providing property management services of HKD 8,000,000 recorded in the year ended 31 December 2013 as the property management services agreement under which the company provided management services was expired on 31 December 2013.