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Home > Company Index > Real Estate > Real Estate Development > New China Homes, Ltd.

New China Homes, Ltd.
Nasdaq: NEWC
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 PROFILE
New China Homes is the holding company for majority-owned subsidiary Shanghai Chingchu Property Development, which develops planned residential communities for middle-income families in China. Taking advantage of China's nascent land-ownership reforms, the company is developing its first project, California Gardens, near Shanghai. When finished, the project will include nearly 4,500 homes, 1,300 apartments, several schools, a medical clinic, and retail shopping. New China Homes has already sold more than 1,100 homes. The company is planning similar projects in Beijing and other major Chinese cities. Hong Kong real estate company Far East Consortium China Investments owns more than 75% of New China Homes.

 COMPETITION
Henderson Land Development Company Limited (dossier)
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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 22.50
1-Yr. Sales Growth: (35.3)%
Employees: 78
Revenue per employee: $288,461.54

 KEY PEOPLE
• Michael C. N. O'Young
    CEO
• Denny C. H. Chan
    CFO

 CONTACT INFO
16/F Far East Consortium Bldg.
, Hong Kong
Phone: 852-2850-0600
Fax: 852-281-0412
Online: Web Site

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