Asia Allied Infrastructure started its property development business in the ’90s. The subsidiary Chun Wo Property Development Holdings Limited ("Chun Wo Property Development") is committed to becoming an outstanding property development and property investment company. Over the years, the Group has undertaken a number of property development projects. Our recent property development projects in joint venture (JV) include SOYO, 128 Waterloo, T Plus and 35 & 37 Cameron Road.
Our Property Development Projects in Hong Kong
In 1997, Chun Wo Property Development first participated in the "Private Sector Participation Scheme (PSPS)" by taking the development of the "Grand View Garden", followed by its second PSPS project “Grandeur Terrance” in Tin Shui Wai in 2000, which was the largest Home Ownership Scheme in Hong Kong, laying a strong foundation for its experience in the "public-private partnership" model. Later in 2005, Chun Wo Property Development participated in the iconic private residential project "No.8 Clear Water Bay Road" in 2005 and completed it in the next year.
In 2019, Chun Wo Property Development and Excel Billion jointly launched the private boutique residential project "T Plus" in Tuen Mun, marking the two companies' first collaboration. In 2021, the companies joined hands again to develop SOYO, a new residential project in Soy Street, Mong Kok expected to be completed in 2023. Other major JV projects developed by Chun Wo Property Development in Hong Kong include 128 Waterloo, 35 & 37 Cameron Road, etc.
Business Development in Mainland China and Overseas
In the early '90s, the Group developed property projects in high potential second-tier cities in mainland China including Shijiazhuang, Yangzhou and Shantou. Later, we completed the Elite Lodge in Zhongshan, Guangdong Province in 2003, the Arc De Royal (Phase 2) in Shijiazhuang, Hebei Province in 2011, and the Le Palais Royal in Shanwei, Guangdong Province in 2012. At the same time, we strived to expand our footprint in overseas markets, and entered Vietnam and the United Arab Emirates to develop real estate properties in 2009 and 2014 respectively.
Outlook of Chun Wo Property Development
Looking forward, Chun Wo Property Development will continue to seek profitable opportunities in the property developement and property investment fields of the Asia Pacific region to maximise values for our key businesses and shareholders and strengthen the Group's sustainable development.