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.
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.