Description

China Merchants Land Limited functions as an investment holding firm primarily focused on the real estate industry. Its business encompasses the acquisition, development, oversight, leasing, and divestment of various properties. The company's operations are divided into two main segments: Properties and Asset Management. Its extensive property catalog includes individual residential units and integrated residential and commercial developments, featuring apartments, villas, office spaces, and retail outlets. Furthermore, China Merchants Land provides comprehensive asset management services for commercial buildings and shopping centers. As of December 31, 2021, the company oversaw 50 property development projects situated in prominent Chinese cities such as Guangzhou, Foshan, Chongqing, Xi'an, Nanjing, and Jurong. At that same date, it held a substantial land reserve measuring approximately 5,406,063 square meters. Founded in 1997, the company was initially known as Tonic Industries Holdings Limited. It is headquartered in Central, Hong Kong, and is a subsidiary of Success Well Investments Limited.