- Business
- Debao Property Development Limited is a Singapore-based investment holding company principally engaged in integrated property development, construction, investment, and related services primarily in the People's Republic of China. The company develops residential properties including villas, terrace dwellings, high-rise apartments, and multi-phase integrated townships; commercial properties such as shopping malls and leisure facilities; and other properties held for sale or development, with key projects including Bay ONE, Jiangnan Mingju, Shanshui Longpan, and Sihui City Mall. It also undertakes construction contracts for building structural projects and interior works for its own operations, joint ventures, and third parties; leases investment properties generating rental income; and provides ancillary services encompassing property management, sales and distribution of construction materials, public utilities engineering, renovation, landscaping, and general trading.
The company's operations span property development, construction contracts, property investment, and others, with all revenue derived from China where it maintains primary project sites in Foshan (Nanhai District), Zhaoqing, Tianjin, and other locations in Guangdong and beyond. Subsidiaries include Dynamic Real Estate Holdings Pte. Ltd., Derong Real Estate Holdings Pte. Ltd., Foshan Nanhai Jiangnan Mingju Property Development Co., Ltd., Foshan Nanhai Debao Investment Management Co., Ltd., and others across Singapore, PRC, Hong Kong, and Malaysia; it operates as a subsidiary of Billion Equity Holdings Limited.
Founded in 2000 and formerly known as Vibrant Real Estate Holdings Pte. Ltd. (name changed in November 2007), the company is headquartered at 80 Raffles Place, #32-01, UOB Plaza 1, Singapore 048624, with key operational address at 60 Nanhai Ave N, Foshan.
In recent developments, the group reported nine-month revenue of RMB60.3 million for the period ended 30 September 2025, up 13% from RMB53.3 million prior year, driven by higher property sales (RMB25.3 million), property rental (RMB39.1 million), and property management income (RMB13.9 million), though it recorded a net loss of RMB62.2 million amid high finance costs of RMB86.8 million. Ongoing efforts include negotiations for loan roll-overs and additional funding from Huarong for development projects like Imbi in Malaysia and Bay ONE, supported by controlling shareholder undertakings for financial assistance; contract assets related to Evergrande construction works remain under arbitration. No major acquisitions, partnerships, or new product launches were announced in the past 1-2 years, with focus on operational cash generation from property sales and rental income amid ongoing litigation and audit delays for FY2024.