The Chongbang Group is a real estate investment and development group of companies, founded in 2003 by a consortium of Hongkong and Singaporean investors and a group of seasoned real estate professionals.
In recent years, the Group’s founding shareholders have been joined by three leading international institutional investors – GIC from Singapore, Ivanhoe Cambridge from Canada and APG from Holland.
Since its inception, Chongbang has focused exclusively on the investment and development of retail-anchored mixed-use projects in China, and has embarked on seven projects of this kind, five in Shanghai, one in Kunshan (Suzhou) and one in Hangzhou, in joint venture with Chinese state-owned enterprises, overseas private and institutional investors. Chongbang serves as co-investor; project manager; marketing, sales and leasing manager; property and centre manager as well as asset manager of all these projects.
As of todate, four projects in Shanghai have been completed, namely: the 250,000 square meter Life Hub @ Daning (Jing An District), the 180,000 square meter Life Hub @ Jinqiao (Pudong New District), the 80,000 square meter Sinan Mansions (Huangpu District), and the 190,000 square meter Life Hub @ Anting (Jiading District). Phase 1 of the 800,000 square meter Life Hub @ Kunshan (Suzhou) was completed in late 2015, the 400,000 square metre Life Hub @ Yuhang (Hangzhou) completed in 2018, and the Life Hub @ Upbond (Hongkou District, Shanghai) commenced construction in 2015 and is scheduled for completion in 2019.
Chongbang is currently embarking on phase 2 of its development, which continues to focus on retail-anchored mixed-use projects in Shanghai and its neighbouring cities, with additional emphasis on culture, tourism, technology, ecology and the environment.