Pan Hong P36

Background

The Company was incorporated in Bermuda on 20 December 2005.
The Group is a property developer for quality residential and commercial
properties in China. It focuses on developing cities with significant growth
potential in the property market, such as Hangzhou City and Huzhou City in
Zhejiang Province and Nanchang City in Jiangxi Province.
The history of the Group can be traced back to the establishment of a Hong Kong
company in 1983 which was primarily engaged in property development. The Group
started to focus its property development projects in Zhejiang Province in 1992
as the province was generally known as one of the wealthier provinces in China,
with a growing economy and an increasing standard of living. Since 2000, the
Group has continually sought to increase its land reserve in Huzhou City, as it
saw the potential for growth in this city which is in the centre of the Yangtze
River Delta where both per capita income and urbanisation levels are high. In
2002, it expanded its land acquisition exercise into Nanchang City, the capital
of Jiangxi Province.
To-date, the Group has land reserves of approximately 457,635 sq m in China, of
which approximately 371,441 sq m is in Huzhou City, Zhejiang Province,
approximately 7,833 sq m is in Hangzhou City, Zhejiang Province and the balance
of approximately 78,361 sq m in Nanchang City, Jiangxi Province. Its land
reserves in Huzhou, Hangzhou and Nanchang cities are centrally located within
the cities or located in prime locations.

SGX source · Source update: 10/01/2025 08:45:32 AM (timezone not specified). Source text may be historical.