Integrated Business Platform Expansion
Business Overview Investment properties
•
Since 2010, in addition to developing community projects targeted for home owners, the Group has also
developed urban complexes with large business centers, large residential communities and five-star hotels.
The Group has built a dedicated management team with expertise in planning, design and leasing. The
Group has also formed strategic alliance with well-known brands
The Group set up a specialized commercial property management company at the end of 2013
Breakdown of investment properties is as follows: 75 communal projects in 14 provinces, 5 large
commercial complex projects in Jurong Jiangsu, Shenyang Liaoning, Yunfu Guangdong, Chizhou Anhui, and
apartment projects in Zhaoqing Guangdong.
During 2014, the Group recorded approximately RMB1.4 bn after tax gains on investment properties after
revaluation, due to change in the Group's accounting policies to recognize the fair value of investment
properties on the balance sheet
Completed projects
Rented
(to be rented out)
Type
GFA
(sq.m.)
Fair value
(RMB'000)
2014 rental
income
(RMB'000)
GFA
(sq.m.)
Fair value
(RMB'000)
GFA
(sq.m.)
Under construction
Fair value
(RMB'000)
Community
stores
357,123
3,323,395
75,978
147,127
1,001,394
7,427
53,970
Apartments
58,136
203,000
4,985
Large
commercial
141,185
1,338,290
5,751
14,949
85,560
171,988
1,029,970
complex
Total
556,444
4,864,685
86,714
162,076
1,086,954
179,415
1,083,940
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