Integrated Business Platform Expansion
Business Overview: Property Management and Construction
Construction and
Decoration
Details
•
Is a key component of Country Garden's vertically integrated value chain
•
The efficient complementarity of its construction & decoration segment and
property development segment enhances the Group's core competitiveness in
progress control and resource allocation
Revenue from construction & decoration segment was approximately RMB21.45
billion in 2014, of which approximately RMB20.98 billion from other segments
within the Group, approximately RMBO.47 billion from external customers
Property
Management
As of December 31, 2014:
·
.
Property management business covers 205 projects
Area under management: about 71.49 million sqm
Serving approximately 354,000 households of home owners and residents
In 2014, revenue of property management business amounted to approximately
RMB960 million, representing a YoY increase of 24.1%
Property management business helps diversifying the Group's income portfolio,
thus contributing to a sustainable development of the Group's business
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