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Greentown China Holdings Ltd. Stage: Growth Date of Investment: July 2006
Stock Symbol : HKSE: 3900.H |
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Greentown China Holdings Limited, headquartered in Hangzhou (Zhejiang Province), China, is one of the leading residential property developers in China. Greentown is primarily focused on providing middle-to-upper middle end apartments for China's rapidly emerging urban middle-class. Greentown's developments are known for their high quality, and are typically large integrated residential complexes that offer a combination of different product series with such ancillary facilities as club houses, kindergartens and grocery stores. Greentown has developed more than 2.0 million square meters since the company's founding in 1995. Additionally, the company has one of the largest land banks in China, with an 8.6 million square meters of gross floor area under development and spread across more than 80 projects. While Greentown has traditionally focused on its home market of Hangzhou, since 2000 it has expanded nationally and now has significant operations in Shanghai, Beijing, Changsha and other select cities. The company was listed on the Hong Kong Stock Exchange in July 2006. The company was ranked No. 1 among all property developers in Zhejiang Province by Zhejiang Provincial Real Estate Association in 2005. In 2004 and 2005, the ‘‘Greentown’’ brand was also ranked one of the 10 most valuable property brands in China by the Top 10 China Real Estate Research Group, an organization constituted by Enterprise Research Institute of the Development Research Center of the State Council and Qinghua University.
