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The Group participated in Property Development in China since 2000. Our first project was the office building development at Beijing, First Shanghai Center. The second project was the commercial building development at Zhangjiang Hitech Park, Shanghai. The project was completed by three phases during 2005 to 2007. The properties of first phase were all sold out. The properties of second phase were sold to a property investment fund managed by LaSalle Investment Management (Asia) Pte. Ltd. in 2006, while the properties of third phase are retained for leasing purpose.


The Group’s first property project in Jiangsu was the development of a 4-star Traders Hotel at Kunshan in 2005 and was managed by Shangri-La Hotel Management Group. The hotel was then sold in 2007 to Kingdom Hotel Investment Corporation (a leading international hotel and resort investment group) as their first investment project in China.


Besides, the Group has another commercial and residential complex project in Kunshan. The project was completed in 2009. The residential properties of the project were sold out while the commercial properties are retained for leasing purpose.


The Group has developed hotel, serviced apartment and commercial complex in Wuxi, Jiangsu. The hotel “Double Tree By Hilton” is managed by renowned hotel group, Hilton since its operation in October 2010 while the serviced apartment and commercial complex is held for rental purpose. The Group has another project in Wuxi which is the development of office buildings. This project is divided into three phases and has been completed in 1Q 2016.


The Group has two property projects under development, one at Zhongshan with GFA 70,000m2 and one at Huangshan, a famous travel destinaton, with GFA 52,000m2. Quality serviced apartment and recreation resort is under development in both areas and the projects will be completed by phases between 2014 to 2018.

 

The Group has acquired a French golf club at L’Isle Adam, suburb of Paris, France. The golf club is currently operating a 18-hole golf course and a 2,000m2 club house with dining and conference facilities on a piece of land of 175 hectares. The Group is developing a 4-star boutique hotel near the club house.