SOCAM Development Limited
0983.HK
Hong Kong Stock Exchange0.30
HKD
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SOCAM Development Limited
0983.HK
(Hong Kong Stock Exchange)
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0.30
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ROIC.AI
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- SOCAM Development Limited SOCAM Development Limited (HKSE: 0983), an investment holding company and member of the Shui On Group listed on the Hong Kong Stock Exchange since February 1997, principally engages in construction, property development, and building maintenance businesses with operations in Hong Kong, Macau, and Mainland China; headquartered in Hong Kong, the company traces its origins to the Shui On Group's construction activities over 50 years ago. Its core offerings span construction services including public housing, commercial and institutional buildings, public works, interior fitting-out, renovation, addition and alteration works, design-and-build packages, and structural steel construction primarily through subsidiaries Shui On Building Contractors Limited (SOBC), Shui On Construction Company Limited (SOC), Pacific Extend Limited (PEL), and Pat Davie Limited (PDL); building maintenance and minor works for public housing estates, hospitals, schools, airports, and railways via SOBC and PEL; property development and investment in Mainland China encompassing shopping malls such as Chengdu Centropolitan, Shenyang Tiandi, Chongqing Creative Concepts Center, and Tianjin Veneto, office/SOHO spaces, residential villas like Nanjing Scenic Villa, and ancillary car parks; as well as property and facilities management services in Hong Kong through Pacific Extend Properties Management Limited (PEPM) and smart facilities management via NetZo Limited. The construction segment provides a full building life-cycle service including building information modelling (BIM), Modular Integrated Construction (MiC), and AI-powered Smart Site Safety System (4S), targeting public sector clients like the Hong Kong Housing Authority (HKHA), Architectural Services Department (ASD), Hospital Authority, MTR Corporation Limited (MTRC), and Airport Authority alongside private institutional, commercial, hospitality, and entertainment clients in Hong Kong and Macau; the property portfolio in Mainland China totals approximately 383,200 sq.m. gross floor area across six projects focused on retail leasing, sales of units held for sale, and repositioning as "Green and Fun Community Malls" with enhanced tenant mixes in lifestyle, education, health, and experiential retail. In recent developments, SOCAM secured new construction and maintenance contracts worth HK$657 million in the first half of 2025 including public housing at Mei Tin Estate and term contracts for minor works; completed major projects such as Anderson Road Quarry public housing using MiC and airport maintenance contracts; progressed public works like Western Police Married Quarters and Teaching-Research Complex for The Chinese University of Hong Kong; Pat Davie added HK$581 million in fit-out contracts including Galaxy Macau and NBA store works; property turnover grew 41% driven by 79% increase in Hong Kong management services to HK$175 million and stable Mainland leasing at HK$51 million despite impairments and disposals; post-period, acquired a 0.5% stake in Shui On Contractors Limited for HK$9.03 million to strengthen interests; sold Shui On Properties Management Limited for HK$100 million; advanced asset enhancements at Tianjin Veneto Phase 1 and 2; and collaborated with HKUST on BIPV X MiC smart construction R&D while earning Smart Site Safety labels for multiple sites.