Joy City Property Limited Joy City Property Limited is an investment holding company principally engaged in real estate development, operation, investment, and management in Mainland China and Hong Kong. Incorporated in 1992 and headquartered in Causeway Bay, Hong Kong, the company operates through five segments including Property Investment; Property and Land Development; Hotel Operations; Output Management Project; and Other Services; it develops, sells, leases, and manages mixed-use complexes and commercial properties such as shopping centers, offices, hotels, serviced apartments, resort and tourist properties; it also owns and manages hotels and provides output management and tourism services. A subsidiary of Grandjoy Holdings Group Co., Ltd., Joy City Property Limited targets urban markets in key Chinese cities and Hong Kong with a workforce of approximately 3,524 employees focused on retail real estate development and diversified property operations. In recent developments, an indirect wholly-owned subsidiary successfully bid for land use rights in Chengdu's Qingyang District for RMB2.65 billion in November 2025 to support future mixed-use projects financed by internal resources; the company advanced toward privatization via a US$376 million share buyback scheme announced in July 2025, with court sanction received on November 21, 2025, and expected delisting from the Hong Kong Stock Exchange around November 27, 2025.