China Real Estate Grp Ltd. ("CREG" and together with its subsidiaries, the "Group") has pushed ahead
with its strategy to become a regional real estate lifestyle developer in China.
The Huzhou Project is the Group’s first foray into China, after it gained majority control of two property
companies in Huzhou, Zhejiang province in 2017. Initial land preparation work has already begun on
the leisure-cum-lifestyle integrated development which will focus 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, as well as 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 owns and operates a 113-room luxury riverside boutique hotel, Cheery Hotel Huzhou (湖州
祈悦酒店), which is strategically sited adjacent to the Huzhou Project.