The four major developers, including Xindi (0016), New World (0017), Hengdi (0012) and Changshi (1113), in addition to the North China, in recent years, Changshi has already developed overseas markets, and the new land and the new world have begun to enter
Overseas real estate business, and has settled in Singapore, trying to expand the geographical market and spread the risk.
Among the four developers, Cheung Kong has already developed in Singapore and has further developed the UK real estate market and even extended hotel investment to the Bahamas
The group also built a landmark project, the Marina Bay Financial Center, in Singapore’s Lower Town Station, and acquired 5 Broadgate and other rentals in the UK. It also opened in China, Hong Kong, Star and UK, becoming the four major developers. And the most geographically dispersed developer of the rent. Taking the first half of 2019 as an example, the Group’s sales revenue to be confirmed in overseas real estate has reached 3.023 billion yuan, which has exceeded the sales of 2.307 billion yuan in the mainland.
Hengdi only uses gas to manage the Tai Oilfield project
As for the new land, the ION Orchard commercial complex project in Orchard Road was developed with the local “Groundworm” CapitaLand. The plate was opened in 2009 and has contributed to the profit of 263 million yuan for the new land in the first half of 2018. Although the overall business profit is 1.3%, the proportion is particularly small, but it has made a breakthrough in overseas business. In the new world, it has already participated in hotel investment in Vietnam and the Philippines. In the near future, it has expanded the board map of the hotel business to Thailand, and even cooperated with Far East Development (0035) last year to participate in the city center of Cascade Road in Singapore. High-end residential land, for the first time to enter overseas real estate development projects. Henderson has no real estate projects overseas and only operates an oilfield project in Thailand through Gas (0003).