HKR International Ltd. is building on its reputation as an innovative property developer with diversified interests across the Asian region. The group’s flagship Hong Kong development, Discovery Bay, is a fully integrated resort-styled residential project with approximately 19,000 residents. With HKRI Taikoo Hui in Shanghai, Sukhothai Residences in Bangkok and Proud Roppongi in Tokyo, HKRI is committed to delivering innovative living space to clients across Asia.
Managing Director Victor Cha recently spoke with Synergy Media Specialists about the company.
How would you describe Hong Kong’s current economic landscape?
With a projection to grow by 3 to 4 percent in 2018, we are cautiously optimistic regarding the Hong Kong economy. According to the World Bank and the International Monetary Fund, China’s economy is expected to grow by around 6.5 percent and, backed by such a strong market, Hong Kong will benefit from this.
The development of the Guangdong-Hong Kong-Macau Bay Area will present another opportunity for Hong Kong. With the completion of the Hong Kong-Zhuhai-Macau Bridge, connectivity will be vastly enhanced and further strengthen Hong Kong’s position as a regional hub.
In what areas of your business are you seeing the most growth?
Stable growth is being recorded across our core business segments. Last year our flagship project in mainland China, HKRI Taikoo Hui, came into full operation and we acquired two new land lots in Jiaxing, mainland China. We are also planning a large-scale residential property project in Bangkok.
How important is Japan to your business?
Our key business strategies are to distribute our business equally across three geographical areas — Hong Kong, mainland China and the rest of Asia, while maintaining a balanced income from our different business segments, especially property development and investment. Our business in Japan is a perfect fit into these two main strategies and we will continue to look for suitable investment opportunities in Japan.
Where do you see the Hong Kong-Japan relationship heading?
Many Japanese companies use Hong Kong to oversee their business activities in other Asian economies, including mainland China. The Hong Kong Trade Development Council continues to play a pivotal role in facilitating trade between Hong Kong and other countries, including Japan.
What message do you have for our readers?
HKRI just celebrated its 40th anniversary and has attained a number of remarkable achievements in this milestone year. We shall continue to develop quality lifestyle projects leveraging our core competencies of innovation and creativity.
We are confident that with the wealth of experience we have accumulated, our pioneering spirit and our vision to create healthy, stylish and distinctive living experiences, we will continue to excel in our business operations.