Property Development

Chun Wo is the first Hong Kong construction company to branch into the business of property development. Our technical knowledge and execution expertise allow us to lower costs and reduce time to market. With these advantages, we shall continue to cultivate our property development business both in Hong Kong and overseas.

 

  

Hong Kong

Chun Wo first participated and invested in the Private Sector Participation Scheme (PSPS) in 1997 with the construction of the Grand View Garden on Hammer Hill Road.

In 2000, Chun Wo invested in another PSPS project in Tin Shui Wai - Grandeur Terrace, the largest PSPS in Hong Kong, and sold all 4,100 residential units and 513 car parking spaces to the Housing Authority. We currently hold the shopping malls to provide a stream of recurring revenue.

No. 8 Clear Water Bay Road property development project is one of the most renowned projects completed. The property is located at the former Ping Shek bus terminal at Clear Water Bay Road, situated right at the MTRC Choi Hung Station. In addition to residential units, the 56-storey development features a five-floor shopping mall, an eight-floor car park with more than 500 parking spaces. A clubhouse with swimming pools, multi-function rooms and other facilities are also part of the development. The Gross Floor Area (GFA) of the project is around 400,000 square feet composing of 316 residential units in two and three-bedroom layouts and penthouses with gardens. All flats are provided with balconies.

 

 

Mainland China

In line with the Group's business development strategy, another wholly-owned subsidiary, Chun Wo (China) Ltd. (Chun Wo (China)) was established in 1991 to develop the business in building construction, property development and investment in Mainland China. It has representative offices in Beijing, Guangzhou, Shanghai, Zhongshan, Shijiazhuang, Yixing and Yangzhou. In 1998, it was awarded the “Construction Qualification Certificate for Hong Kong, Macau and Taiwan Region” by the Ministry of Construction, PRC.

The Group's expanding property developments in Mainland China include:

  • Elite Lodge in Zhongshan, Guangdong Province with 236 residential units and a two-storey shopping mall.
  • Arc De Royal in Shijiazhuang, Hebei Province. This is the Group's largest property development in Mainland China with Gross Floor Area (GFA) of around 400,000 square meters. It is an integrated development comprising 26 residential blocks, 2 office towers, a large-scale shopping mall and community facilities.
  • The Metropolis in Yangzhou, Jiangsu Province, with Gross Floor Area (GFA) 40,000 square meters. It comprises 6 blocks of residential buildings and a large-scale shopping mall.
  • Celebrity Plaza , Jiangsu Province, with Gross Floor Area (GFA) around 30,000 square meters.

The company has participated in building construction projects including high quality high-rise commercial buildings. Projects completed by the company included the CNT Manhattan, the International Finance Centre and the Onward Science and Trade Centre in Beijing and the China Merchants Plaza in Shanghai. In 2005, we have been awarded a building project above the Guangzhou Metro Huang Sha Station.

 

 

Vietnam

Leveraging on our experience in property development in Hong Kong and Mainland China, we participated as one of the joint venture partners in the development of the largest property development projects – Saigon Pearl in Ho Chi Minh City. The project is situated along the Saigon River with Gross Floor Area (GFA) around 400,000 square meters. It comprises 8 blocks of thirty-seven-storey apartment buildings, a clubhouse, Hotel/Service apartment towers and a large-scale shopping mall. Phase 1 of Saigon Pearl is scheduled to be completed by end of 2008, and the whole project will be completed by 2010.

 

 

 

United Arab Emirates

The Group entered the Middle East market with initial investments in two residential projects namely Reem Diamond and Le Cube in Al Reem Island of Abu Dhabi, United Arab Emirates (UAE) with a total GFA of 28,000 square meter. Abu Dhabi is the capital city of UAE and the largest of the seven constituent emirates. Under current government plans, significant development is scheduled to take place over the next two decades.

Reem Diamond is located in the future Central Business District comprising 62 parking spaces and 10 residential storeys with 38 sea view units with private garden.

Le Cube is located next to the canal side comprising 25 storey composite development and provides 116 residential units with private terrace over a podium of clubhouse, retail shops, nursery facilities and carparks. Clubhouse facilities include gymnasium, swimming pool, function room and patio, etc.

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