HKR International
| Company type | Public |
|---|---|
| Industry | Conglomerate |
| Founded | 1973 |
| Founder | Cha Chi-ming |
| Headquarters | Hong Kong , Hong Kong |
Area served | Hong Kong, Mainland China, Thailand, Japan, Asia |
| Products | Real estate development and investment, property management, hospitality, healthcare services |
HKR International Limited (, known as HKRI) is a diversified conglomerate headquartered in Hong Kong, founded by Cha Chi-ming, a prominent textile industrialist who played a significant role in the region's industrial expansion from the 1950s through the 1970s.
The company's main office is situated within the Shun Tak Centre in Central.
History
HKRI traces its origins to the establishment of Hong Kong Resort Company Limited in 1973. In 1977, it secured development rights for Discovery Bay on Lantau Island via a contentious agreement. Presently, HKRI operates Discovery Bay as a privately managed residential community housing roughly 20,000 inhabitants.
Listed on the Hong Kong Stock Exchange under stock code 00480, HKRI's operations encompass real estate development and investment, property management, hospitality including hotels and serviced apartments, healthcare services, and additional business interests throughout Hong Kong, Mainland China, and wider Asia.
Real estate development and investment
Real estate development and investment form the cornerstone of HKRI's activities across Asia, with projects in Hong Kong, Mainland China, Thailand, and Japan. Its premier development, Discovery Bay on Lantau Island, consists of more than 8,000 residential units accommodating around 20,000 residents.
Hong Kong
Covering an area of 650 hectares (6.5 million square metres), Discovery Bay boasts amenities such as a golf course, marina, artificial beach, two clubhouses, retail centres, educational institutions ranging from kindergarten through secondary school levels, and a comprehensive transport network including high-speed ferries, bus routes, and a private vehicular tunnel.
Additional residential developments in Hong Kong include Villa LUCCA in Tai Po, La Cresta located in Kau To within Shatin, 2GETHER on Wu On Street in Tuen Mun, Coastal Skyline situated in Tung Chung, and Discovery Park in Tsuen Wan. To date, HKRI has developed over 1.4 million square metres of gross floor area (GFA) and acquired Wellgan Villa in Kowloon Tong in 2019.
Its commercial property portfolio features the CDW Building in Tsuen Wan, which accommodates both office spaces and the 8½ shopping centre. Other commercial holdings include Discovery Bay Plaza (DB Plaza) and Discovery Bay North Plaza (DBN Plaza) within Discovery Bay itself; West Gate Tower in Cheung Sha Wan; as well as United Daily News Centre located in To Kwa Wan.
Mainland China
HKRI’s Mainland China developments are concentrated in the cities of Shanghai, Zhejiang, and Tianjin.
In Shanghai, HKRI collaborated with Swire Properties to create HKRI Taikoo Hui, a mixed-use development offering approximately 320,000 square metres of GFA. This complex comprises a retail mall, two Grade-A office towers, two hotels, serviced apartments, event spaces, and the restored historic site known as “Cha House”. Situated in Shanghai’s Jing’an district, notable tenants include Asia’s inaugural international Starbucks Reserve Roastery and mainland China’s largest CitySuper supermarket. The development features over 40 dining venues showcasing premium culinary brands such as Shanghai Club (under Jardin de Jade) and Paris Blanc grill house.
HKRI’s residential assets in Zhejiang and Shanghai encompass City One in Jiaxing, which consists of roughly 600 units alongside Riviera One’s combination of low- and high-rise apartments. Additional Jiaxing projects include Mansion One, Creekside One, and Starlight One. Other properties comprise Oasis One and In One located in Hangzhou, Zhejiang province; plus Elite House situated within Shanghai’s Changning District. In November 2021, HKRI secured land in Shanghai designated for a low-density housing development.
In the city of Tianjin, HKRI owns The Exchange—an investment property featuring over 152,000 square metres of GFA. This asset includes two Grade-A office towers, a serviced apartment building, and the retail centre Heping Joy City – Tianjin.
Thailand
Located in Bangkok's CBD, The Sukhothai Residences comprises 196 units. In 2010, HKRI secured freehold property on Wireless Road. Subsequently, in December 2015, the company acquired ten land parcels along Rama 3 Road by the Chaophraya River, and in February 2018, it added three plots situated on Ramintra Road in Khannayao District, Bangkok.
Japan
HKRI possesses a land reserve totaling around 60,700 square metres in Niseko, adjacent to the Niseko Annupuri ski village located in Hokkaido.
Hong Kong
Auberge Discovery Bay Hong Kong, featuring 325 guest rooms, commenced operations in 2013.
In addition, HKRI manages the Discovery Bay Recreation Club & Club Siena as well as the Discovery Bay Golf Club.
The Lantau Yacht Club (LYC), inaugurated in 2020 as Hong Kong’s first new marina in over ten years, has earned a 5 Gold Anchor Marina rating from the Marina Industries Association.
The Discovery Bay Ice Rink began its services in May 2021.
Thailand
Situated centrally, The Sukhothai Bangkok is part of Design Hotels and offers 210 guest rooms and suites, alongside seven dining venues and eleven event spaces.
Shanghai
HKRI's third hotel, The Sukhothai Shanghai, opened its doors in April 2018.