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Last $2.18 USD
Change Today -0.03 / -1.36%
Volume 27.0K
As of 12:21 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

6 Xinghan Road

19th Floor

Hanzhong, 723000

China

Phone: 86 91 6262 2612

Fax:

China HGS Real Estate Inc., through its subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd, develops real estate properties in the People’s Republic of China. The company engages in the construction and sale of residential apartments, parking lots, and commercial properties. The company focuses on expanding its business in Tier 3 and Tier 4 cities and counties in China. Markets The target market of the company is in Western China. The company continues to focus on Tier 3 and Tier 4 cities and counties. After-Sale Services and Delivery The company assists customers in arranging for and providing information related to financing. The company also assists its customers in various title registration procedures related to their properties, and the company has set up an ownership certificate team to assist purchasers to obtain their property ownership certificates. The company offers various communication channels to customers to facilitate customer feedback collection. The company also cooperates with property management companies that manage its properties and ancillary facilities, to handle customer feedback. Projects The company develops the following three types of real estate projects: multi-layer apartment buildings, which are typically 6 stories or less; sub-high-rise apartment buildings, which are typically 7 to 11 stories; and high-rise apartment buildings, which are typically 12 to 33 stories. The company’s main projects located in Hanzhong City are: Mingzhu Garden -Mingzhu Nanyuan, Mingzhu Beiyuan, Oriental Pearl Garden and Mingzhu Xinju. In Yang County, its project is Yangzhou Pearl Garden and Yangzhou Palace. Most projects are being developed in multiple phases. Real Estate Projects located in Hanzhong City Mingzhu Garden -Mingzhu Nanyuan: Mingzhu Nanyuan consists of multi-layer residential buildings and sub-high-rise and high-rise residential buildings with commercial shops on the first floors. The unsold property remained in four residential buildings with total unsold GFA of 4,572 square meters, as of September 30, 2014. Mingzhu Garden -Mingzhu Beiyuan This project is located in the south west part of Hanzhong City. The project includes two high-rise residential buildings with commercial shops located on the first floor with unsold GFA of 2,805 square meters, as of September 30, 2014. The Mingzhou Beiyuan project under development includes 17 high-rise residential buildings with an estimated GFA of 355,321 square meters. Mingzhu Xinju This project is located in the downtown of Hanzhong City. It consists of two residential buildings, with commercial shops located on the first floors. Its unsold GFA includes 4,194 square meters, as of September 30, 2014. Oriental Pearl Garden This project is located in the downtown of Hanzhong City and is under development. It consists of 12 high-rise residential buildings with commercial shops on the first and second floors with an estimated GFA approximately 278,373 square meters. Real Estate Projects located in Yang County Yangzhou Pearl Garden Yangzhou Pearl Garden mainly consists of multi-layer residential buildings and sub-high-rise residential buildings with commercial shops on the first floors. Yangzhou Pearl Garden mainly consists of high-rise residential buildings and sub-high-rise residential buildings. As of September 30, 2014, the remaining completed portion of Yangzhou Pearl Garden includes multi-layer residential buildings, commercial units, sub-high-rise and high-rise residential buildings, with a total GFA of 20,539 square meters. Yangzhou Pearl Garden under development consists of five high-rise residential buildings and one multi-layer residential building, with a total GFA of 64,854 square meters, as of September 30, 2014. Yangzhou Palace The Company is in the process of constructing 9 high-rise residential buildings and 16 sub-high-rise residential and multi-layer residential buildings with total GFA of 285,244 square meters in Yangzhou Palace located in Yang County. Strategy The company’s strategies include expanding in selected Tier 3 and Tier 4 cities. Environmental Matters As a developer of property in the PRC, the company is subject to various environmental laws and regulations set by the People’s Republic of China national, provincial and municipal governments. These include regulations on air pollution, noise emissions, as well as water and waste discharge. Competition The company’s major competitors include three regional real estate developers: Wanbang Real Estate Development Co. Ltd.; Jingtai Real Estate Development Co. Ltd.; Shaanxi Fenghui Real Estate Development Co. Ltd.; and Evergrande Real Estate Group. In the regional market, the company’s only direct competitor is Wanbang Real Estate Development Co. Ltd. History China HGS Real Estate Inc. was founded in 1995.

 

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