Million Cities Holdings Limited is a property developer focusing on development of properties that are dominantly for residential use mixed with ancillary facilities in Huizhou in Guangdong Province and locations in the PRC which we consider with potential growth, such as Tianjin and Zhumadian in Henan Province, to attract middle to high income residents in surrounding neighbourhoods. With our experience and achievements on property development and property management accumulated over the years, we also sell our developed properties, and lease out certain developed and unsold developed properties to obtain rental income, such as kindergarten and retail stores.
Million Cities Development Limited was founded by Mr. TC Wong in 2003 in Huizhou in Guangdong Province. After establishing solid foundation in Huizhou, we expanded our presence in Tianjin and Zhumadian in Henan Province. Our group's business accessed to Tianjin in 2010, and then extended to Henan Province in 2017. We mainly focus on development of properties that are dominantly for residential use mixed with ancillary facilities to attract middle to high income residents.
As at the 30 September 2018, we had 17 development projects which were either completed, under various stages of development, or for future development in Huizhou in Guangdong Province, Tianjin and Zhumadian in Henan Province and we owned land use rights with an aggregate site area of approximately 896,844.45 sq.m. and land bank with an aggregate GFA of approximately 2,103,333.25 sq.m.. A sufficient amount of land bank can enhance our competitiveness in the property market.
Our Group has solid local market knowledge and experience in property development, a reputable brand name in the local markets, strategically located land bank in Huizhou in Guangdong Province and other cities with a relatively high development potential, our Group will be in good position to capture opportunities in the PRC property development industry.
updated 10th January, 2019
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