- CEO
- Kit Cheung
- Full Time Employees
- 118
- Sector
- Finance
- Industry
- Real estate development
- Address
- Bank of America Tower Hong Kong Hong Kong
- IPO Date
- Mar 18, 1994
- Business
- ITC Properties Group Limited is a Bermuda-incorporated investment holding company principally engaged in property development, investment and sales; hotel and leisure operations; securities trading and investments; and loan financing and management services in Hong Kong, Macau, the People's Republic of China, Canada, the United Kingdom and internationally. The Property segment develops, sells and invests in residential and commercial properties including projects such as One Oasis, Sky Oasis and Grand Oasis in Hong Kong, 250 Hennessy, Sheung Heung Road, High Peak, Alberni Street in Canada, Portions of Dabiao International Centre in the PRC and others like the completed Hyde Park, Rosedale Hotel Kowloon, The Westin Bayshore and Renaissance Shanghai Caohejing Hotel; the Hotel and Leisure segment invests in and manages hotels and resorts such as Rosedale Hotel Kowloon and Le Petit Rosedale Hotel; the Securities Investments segment trades and invests in securities; and the Finance segment provides loan financing, money lending and corporate secretarial services. Founded in 1994 and headquartered at Unit 3102, 31/F, Bank of America Tower, 12 Harcourt Road, Central, Hong Kong, the company employs around 119 people and targets real estate investors, hospitality operators and financial services clients across its geographic footprint. Recent developments include the disposal of a 67% interest in the Sheung Heung Road project and entire 50% equity in a joint venture in Hong Kong to realize tied-up capital and improve liquidity amid challenging market conditions; reduced net loss for the six months ended September 30, 2025, driven by lower property valuation losses, reduced operating costs post-overseas property disposal and absence of prior hotel disposal losses; appointment of Chan Chun Hung, Vincent as independent non-executive director on November 26, 2025; a trading halt on November 24, 2025, pending announcement of a new HK$70 million share subscription with Reynold Lemkins Group; and ongoing property sales strategies, cost management and portfolio value enhancement initiatives.