- CEO
- Zhongqiang Geng
- Full Time Employees
- 8,765
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- Dragon Century Plaza Hangzhou People's Republic of China 310007
- IPO Date
- Dec 16, 2010
- Business
- Greentown China Holdings Limited engages in property development and integrated living services in China. The company operates through three primary segments: asset-heavy real estate development featuring premium residential projects under brands such as Fengqi Series, Rose Garden Series, and Yuehua Series; asset-light project management delivered via its spun-off subsidiary Greentown Management Holdings Company Limited (stock code: 09979), which leads the industry in market share; and Greentown+, encompassing town operations, commercial real estate including Greentown Commercial and projects like Hangzhou Four Seasons Hotel and Qingdao GT Plaza, hotel operations, property investment, healthcare and wellness services, living technology, and other ancillary services such as construction materials sales, electronic engineering, design, decoration, and retrofitting. It develops and sells residential and commercial properties, manages assets, and provides technology-driven solutions to residential and commercial customers across core cities in Zhejiang and other key regions in the People's Republic of China.
Founded in Hangzhou, China, in January 1995 and listed on the Hong Kong Stock Exchange in July 2006 (ticker: 3900.HK; OTC: GTWCF), the company is headquartered at Block A, Century Plaza, No. 1 Hangda Road, Hangzhou. China Communications Construction Group (CCCG) holds approximately 28.88% of its shares as the single largest shareholder, with Wharf Holdings as another substantial investor.
Recent developments include the acquisition of 42 new projects in 2024 with 4.18 million sqm gross floor area and estimated saleable value of RMB108.8 billion, alongside 35 additional projects in the first half of 2025 totaling 3.55 million sqm GFA at an average land cost of RMB13,591 per sqm. In February 2025, Greentown China issued US$500 million 8.45% senior guaranteed notes due 2028 to refinance existing debt, marking its first large-scale public debt offering since 2022 and concurrent tender offers for maturing notes. The company launched the Greentown Commercial brand, opened Hangzhou Four Seasons Hotel and Qingdao GT Plaza, achieved contracted sales of RMB201.1 billion in the first ten months of 2025 ranking second industry-wide, and repaid USD48 million bilateral loan and USD153 million senior notes in July 2025 while maintaining a high cash collection rate of 104%.