China Real Estate Group Ltd (formerly known as Asia-Pacific Strategic Investments Limited) ("CREG" or the "Group") has pushed ahead with its strategy to become a regional real estate lifestyle development and agency group with its first foray into China, after it gained majority control of two property companies in Huzhou, Zhejiang province.
The Group's current project, known as the Huzhou Project, is a leisure-cum-lifestyle integrated development focusing on family recreational and modern living aspirations as well as their overall wellness. The mixed development of prime residential and commercial properties with a variety of innovative leisure and wellness-related choices will include waterside villas, island residences and townhouses, health apartments, and a yacht club. When completed, the Huzhou Project is slated to transform the area into a lifestyle hub featuring the unique culture of the ancient city of Huzhou. The Group has since commenced construction of a hotel right next to the Huzhou Project.
CREG also owns a Singapore real estate agency business, Global Alliance Property Pte. Ltd., which operates under the well-established Century 21 franchise.