Property Development Business
The property development business includes the development, sale and trading of real estate properties, which the Group held 18 units of residential villas at the estate “Beverly Hills” situated in Changsha City, Hunan Province, the PRC.
In view of capturing the rapid growth opportunities of the property market in Mainland China, the Group acquired a residential property development business containing three plots of land forming part of the Zhonggang Shenhai Forest Project, located in the high-tech industrial development zone of the Yanluyu District of Wolong Lake in Zigong City, Sichuan Province, the PRC, on 1 August 2019.
The Group is exploring business opportunities arising from the thriving property market of various regions with a view to expanding our property development and sale activities in the near future.
Property Investment Business
The property investment business includes the investment and leasing of real estate properties.
The investment properties are located in Mainland China (Chengdu and Guangdong) and Hong Kong . The portfolio of investment properties was acquired for long term investment purpose so as to provide a stable income stream to the Group. The Group is monitoring the capital gain and rental yield of the portfolio and is positioned to seek further investment opportunities in the business.