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Property-related businesses such as property management and construction design are supplementary to the development of residential property and investment property. However they strengthen and consolidate the immense and unique competitiveness of the Group in the China property market.


Construction Design

Incorporated in Hong Kong, Hua Yi is the only wholly foreign-owned design and consultancy company awarded a Grade-A Design Licence (甲級工程設計證書) by Ministry of Housing and Urban-Rural Development of the PRC. Backed by an accomplished professional design team, the Hua Yi trademark has gained a solid reputation. Since its establishment 20 years ago, Hua Yi has completed projects across more than 20 large and medium-sized cities in mainland China, Hong Kong and Macau. During the year, Hua Yi had a turnover of HK$220 million and profit contribution of HK$13 million.


Property Management

China Overseas Property Management is a leading brand with a significant market share in the property management sectors of Hong Kong and the mainland. It plays a vital role in enhancing the branding advantages and asset value of property units developed by the Group.

During the year, the Group recorded property management fee income of HK$800 million (HK$190 million from Hong Kong and HK$610 million from mainland China), representing an increase of 41.3% over 2009. The Group managed a total GFA of 22.84 million sq m (approximately 2.96 million sq m in Hong Kong and 19.88 million sq m in the mainland), representing an increase of 28% over 2009. China Overseas Property Management in Hong Kong is one of the largest property management companies in the shopping mall and car park management sector.