- CEO
- Sai Tan Hui
- Full Time Employees
- 41,335
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- Lippo Centre Hong Kong Hong Kong
- IPO Date
- Apr 17, 2015
- Business
- Shimao Group Holdings Limited is a diversified real estate development company primarily engaged in property development, property investment, and hotel operations in the People's Republic of China. Founded in 2001 and headquartered in Shanghai, the company develops large-scale residential projects including high-rise residential buildings, low-rise apartments, and villas, as well as commercial properties such as office buildings, retail facilities, and hotels. The group also provides property management services and community-based life services through its subsidiary Shimao Services Holdings Limited, which focuses on integrated property management, community value-added services, and smart technology-driven solutions across multiple cities in China.
Main products and services include large-scale residential property development; commercial property development and investment; hotel operation and management; integrated property management and community services; smart technology services; and trading of construction materials. Shimao Services, a vital arm of the group, offers property management for residential, commercial, educational, healthcare, and public facilities across over 100 cities, delivering services such as maintenance, security, community education, digital property management systems, and value-added community lifestyle services.
Recent major changes include a strategic focus on quality over expansion amid market challenges, marked by enhancing project quality and operational efficiency. In 2024, Shimao Group launched smart multi-scenario solutions and developed smart product lines, offering comprehensive design, engineering, commissioning, and operational services. The group also advanced its hotel portfolio with openings and soft launches of new luxury hotels and expanded its agent-construction management business. Leadership adjustments occurred with the retirement of Chairman Hui Wing Mau and appointments on the executive board. Efforts to optimize project portfolio profitability, improve customer service quality, and expand its market presence through third-party project management have been emphasized within the last year.
Shimao Group operates predominantly in mainland China, targeting residential homeowners, commercial clients, hospitality customers, and public sector entities. It strategically integrates real estate development with property investment and life services to capture diversified market segments, leveraging technological innovation and service ecosystem development to enhance asset value and customer satisfaction. The company is listed on the Hong Kong Stock Exchange under ticker 813.HK.
This description is based on the latest available information reflecting Shimao Group's broad real estate development portfolio, service expansion, and recent strategic and operational shifts.