The subsidiaries of Nan Hai Development are mainly engaged in property development (The Peninsula Shenzhen Property Development Co., Ltd.("The Peninsula") and its associated companies, THE PENINSULA Real Estate (Guangzhou) Investment Corporation Limited.("Free Man Garden")) and property management service (Shenzhen Peninsula Property Management Co., Ltd.).
THE PENINSULA Real Estate has stood its ground and advanced steadily. Based on the research on the industrial development trend, THE PENINSULA Real Estate firmly believes that, in the medium and long term, China’s property market will enter a new development stage gradually. With the gradual vanish of “windfall profit era”, the market will further promote some requirements on product quality and operating efficiency of the property development enterprises, and will accelerate the survival of the fittest into the sound orderly development track. Based on the judgment of such trend, with the business philosophy of “Quality First”, THE PENINSULA Real Estate will enhance operating management ability, recruit first-rate talents and build the foundation of sustainable development.
Property projects,built or under construction or to be built in Shenzhen and Guangzhou,have total GFA of more than 2,000,000 m2. The flagship project “The Peninsula” has become one of Shenzhen’s largest high-end residences and commercial complex projects. Based on Guangzhou “Northern Priority” urban development strategy, and the great opportunity and the boosting effect from the urban development, “Free Man Garden” has huge appreciation space and development prospect in the future.
In future, with the concept of “designing humanized residential environment and building high-quality humanistic community”, Nan Hai Development will continue to reserve and develop some potential high-quality projects with the first-tier cities as core. Moreover, THE PENINSULA Real Estate will attempt innovative commercial property investment development mode in combination with culture creativity, arts and humanities, catering tourism and fashion and relaxation.