Kingold Real Estate Division – The Making of a Legend
The soaring growth of China's economy in the past
20 years has given impetus to the great market demands for real estate in China.
As a result, Chinese consumers have become increasingly demanding and sophisticated
with regards to estate location, architectural style, quality of building materials
and even eco-environmental issues when purchasing/renting high-end residential or
commercial properties.
TIn order to satisfy such market demands, the Kingold Real Estate
Division has created one legend after another by building high-end hotels, office
and residential buildings.
When China’s real estate market was stagnant in 1989, Guangdong Foreign
Businessmen Club/Hotel, invested by the Kingold Real Estate Division, became the
first hotel of its kind to offer high-class services to the foreign businessmen
in China. Shortly after the completion of the hotel/club, the Kingold Real Estate
Division invested to build the Guangzhou International Trade Center and Fuxing Commerce
and Trade Building. As a Grade I office building, the Guangzhou International Trade
Center was in a premium location to be among Guangzhou’s landmark buildings together
with the CITIC Plaza and the China Mayor’s Plaza in its proximity. Situated at the
new central axis of Guangzhou, Fuxing Commerce and Trade Building also became one
of the most popular high-grade office buildings in Guangzhou.
Despite the real estate market slump in 1995, Dr. Chau Chak Wing invested
RMB1.6 billion yuan to build a large residential estate --- Huiqiao New City with
a gross floor area of 1,200,000 square meters, which greatly helped Guangzhou Municipal
Government to implement the policies caring for overseas Chinese. This residential
estate had set several records in the highest sales volume and the highest number
of residents actually living in the estate for three consecutive years from 1996
to 1998, becoming the largest overseas Chinese residential area in Guangdong and
widely believed to be the first largest upscale precinct in Guangzhou to house more
than 100,000 residents to date.
The Kingold Real Estate Division never falters in its progress with
forward-looking vision focused on the Wushan universities precinct in Guangzhou.
In 1999, the Kingold Real Estate Division impacted on the real estate industry in
China when it unprecedentedly budgeted over RMB 10 million yuan to invite international
bidding for the Planning and Design of the Favorview Palace Estate covering a land
area of over one million square meters. Since entering the market, the Favorview
Palace Estate has once recorded an annual sales volume of RMB 2.0 billion yuan,
the best sales performance among all the deluxe residential estates in Guangzhou.
The Favorview Palace Estate was the only high-end residential estate in Guangzhou
to be honored “China’s Top 10 Deluxe Residential Estates” for 2004 and subsequently
for 2005 and 2006.
Major Projects：