Chinney Group Successfully Co-hosted "How Flying Cars Will Reshape the Future of Cities"
Chinney Group Successfully Co-hosted "How Flying Cars Will Reshape the Future of Cities"
Aeronautics Inc.’s First Flying Car Made Its Debut Test Flight in Asia Unlocking the Infinite Potential of the Low-Altitude Economy
(Hong Kong, April 15, 2025) Hosted by the Shenzhen Low Altitude Economy Industry Association, Green Future Innovation Alliance, Hong Kong PropTech Association, the Urban Land Institute, and co-hosted by the Chinney Group, the half day forum “How Flying Cars Will Reshape the Future of Cities” was held at Shenzhen Futian Hon Kwok Center earlier last month, successfully demonstrated the infinite possibilities of the low-altitude economy.
Honourable guests including Mr. Yu Feng, Deputy Head of Futian District People’s Government of Shenzhen, Mr. Frank Liu, Secretary of CPC Branch, Director of the Fund Committee, Shenzhen Low Altitude Economy Industry Association, Mr. James Wong, Chairman of the Chinney Group, Mr. Jim Dukhovny, CEO and Founder of Alef Aeronautics Inc, and Mr. Guobin Shen, Chief Engineer, Low-Altitude Economy Research institute, The Hong Kong University of Science and Technology (Guangzhou), together discussed how flying cars could change the way we travel in the future from multiple perspectives.
At the 74th floor of Hon Kwok Centre, Alef Aeronautics Inc. successfully conducted a demo flight of their model flying car, demonstrated key operations including vertical take-off, forward flight, hovering, vertical backward flight, rotation and vertical landing. This was also the first time that Alef Aeronautics Inc’s flying car had been unveiled and flown in China.
Alef Aeronautics Inc. had achieved a Special Airworthiness Certification from the Federal Aviation Administration (FAA) in 2023 and successfully completed the world’s first urban public road test flight in the United States at the beginning of the year, with more than 3,000 pre-sales order received. Jim Dukhovny, co-founder and CEO of Alef Aeronautics Inc., detailed the driving and flying principles of the flying car at the event, highlighted its differences from other eVTOLs. He also shared his vision for future urban air mobility (UAM), ‘Flying cars not only save travel time and boost efficiency but also enable low-carbon mobility with their energy-efficient design, making them the most environmentally friendly vehicles in history.’
As one of the founding investors in Alef Aeronautics Inc, Chinney Group is also highly optimistic about the growth prospects of the low-altitude economy. At the forum, Mr. James Wong, Chairman of Chinney Group, mentioned that low-altitude economic navigation is an inevitable trend for the future. Office buildings will no longer rely solely on WiFi and 5G infrastructure but may also require dedicated navigation systems for low-altitude airspace networks and additional landing points – paving the way for an integrated smart mobility ecosystem for the industry.
Chinney Group previously announced its official partnership with Alef Aeronautics Inc., to be its Greater China strategic partner and the Group will be leading the current round of US$20 million Asia tranche of Series A funding. This collaboration aims to trailblaze the world’s first electric drivable car that can perform vertical take-off and forward flight to consumers.
建業集團合辦「飛行如何重塑城市未來研討會」順利完成
Alef Aeronautics Inc.首款飛行車首度在亞洲試飛 展現低空經濟無限可能
（2025年4月15日，香港） 由深圳市低空經濟產業協會、Green Future Innovation Alliance、香港房地產科技協會（HKPTA），聯同城市土地學會（ULI） 主辦，建業集團合辦，上月底假深圳福田區漢國中心舉行的「飛行汽車如何重塑城市未來研討會」已完滿舉行，充分展示低空經濟的無限可能。
活動獲多位嘉賓出席支持，包括深圳市福田區人民政府副區長余楓先生、深圳市低空經濟產業協會黨支部書記劉永佳先生、建業集團主席王承偉先生、Alef Aeronautics Inc.聯合創辦人及首席執行官Jim Dukhovny、以及香港科技大學（廣州）低空經濟研究院主任工程師沈國斌先生，他們從多個角度探討飛行汽車如何改變未來出行的方式。
在漢國中心74層會場上，飛行車公司Alef Aeronautics Inc.成功進行了他們研發的飛行車模型試飛，順利完成了垂直升空、飛行前進、懸停、垂直後飛、旋轉及降落等關鍵操作，表現卓越。這亦是Alef Aeronautics Inc. 的飛行汽車首次在中國亮相及飛行。
在2023年已獲得美國聯邦航空管理局（FAA） 特殊適航認證的Alef Aeronautics Inc. Model A飛行車剛於年初在美國完成全球首次城市公共道路試飛，目前預售已破3,000個訂單。Alef Aeronautics Inc. 聯合創辦人及首席執行官Jim Dukhovny在活動上詳細展示該飛行車的駕駛及飛行原理，以及與其他電動垂直起降飛行器（eVTOL）的分別，更分享他對城市空中交通（UAM）發展的願景：「飛行汽車不僅能更節約出行時間，提升效率，更能憑藉低能耗實現低碳出行，是史上最環保的汽車。」
作為Alef Aeronautics Inc. 的早期投資者之一，建業集團也對低空飛行經濟的發展前景十分樂觀，在圓桌論壇上，建業集團主席王承偉先生提到，未來低空經濟導航是必然趨勢，辦公大樓將不僅依賴於WiFi及5G等基礎設施，或要加裝適用於低空飛行網路的導航系統、增設停泊點等，打造立體化智慧出行的行業新生態。
建業集團早前宣佈與Alef Aeronautics Inc. 正式達成合作，成為其大中華區戰略合作夥伴，並為其主導2000萬美元的亞洲區A輪融資。是次合作旨在引領全球首款可垂直起降並進行前向飛行的電動汽車進入消費市場。
Chinney Group Partners with Alef to Advance Low-Altitude Economy in Greater China
Chinney Group Partners with Alef to Advance Low-Altitude Economy in Greater China
Pioneering Smart Mobility Solutions for the Future
(Hong Kong, March 20, 2025) The low-altitude economy is a formidable trend and has the potential to be the force multiplier for both Hong Kong and Mainland economies. Within the low-altitude economy, there are broad applications and one of the most exciting parts is in the area of flying vehicles. From this backdrop, the Chinney Group is thrilled to announce its official partnership with Alef Aeronautics Inc, a U.S.-based startup, to be its Greater China strategic partner. This collaboration aims to trail blaze the world’s first electric drivable car that can perform vertical takeoff and forward flight to consumers.
With a legacy spanning over 50 years in Hong Kong and with the theme of “Building for The Future”, the Chinney Group is at the forefront of integrating advanced technologies into the construction industry, focusing on automation, digitization, artificial intelligence, and sustainable practices. Five years ago, the Group began its journey in the Greater Bay Area, expanding into the drone and low-altitude flying vehicle businesses. The partnership with Alef Aeronautics Inc is the next step towards embracing the LAE, which the Group views a potential market valued in trillions of dollars by 2040. An electric flying car has the potential to solve environmental challenges by reducing the amount of carbon dioxide emitted; providing greater mobility; creating access to jobs by expanding touch points; and improving general quality of life.
As one of the founding investors in Alef Aeronautics Inc, the Chinney Group shares their objectives in providing safe, legal, and quiet airborne transportation through its innovative flying cars. In 2023, Alef Aeronautics Inc achieved a Special Airworthiness Certification from the Federal Aviation Administration (FAA), positioning itself as a leader ready to operate legally on streets in the near future. To deepen its collaboration with Alef Aeronautics Inc, Chinney Group will be leading the current round of US$20 million Asia tranche of Series A funding. In this round of fund raising, the key milestones are to reach a transition flight of a full-size model and achieving a vertical takeoff with a human being within.
Mr. James Wong, Chairman of Chinney Group, remarked, “Our mission extends beyond constructing physical spaces. We are actively pursuing my vision of sustainable development that bridges the ground and the skies. Alef Aeronautics Inc exemplifies my group’s vision of the low-altitude economy.” Chinney Group remains committed to investing in promising startups and harnessing innovative technologies to drive transformation, ensuring a brighter and more prosperous future for all.
建業集團與 Alef Aeronautics Inc 攜手推動大中華區低空經濟發展
開創未來智慧出行新篇章
（2025年3月20日，香港）低空經濟的發展趨勢近年迅速崛起，並有望成為香港與內地經濟的強力助推器。在低空經濟領域中，應用場景廣泛，其中最令人關注的莫過於飛行汽車的發展。在此背景下，建業集團欣然宣佈與美國初創企業Alef Aeronautics Inc正式達成合作，成為其大中華區戰略合作夥伴。此次合作旨在引領全球首款可垂直起降並進行前向飛行的電動汽車進入消費市場。
以香港為基地，建業集團成立至今50年，一直致力「築 · 見未來」，將先進科技融入建築業務及地產發展項目，包括自動化、數碼化、人工智能及可持續綠色科技發展的實踐。早在五年前，集團已開始在大灣區佈局，涉足無人機及低空飛行汽車業務。此次與Alef Aeronautics Inc的合作更體現集團對低空經濟的發展充滿信心，我們相信這個市場的未來潛力無限，至 2040年市場規模或高達數萬億美元。與此同時，電動飛行汽車有助減少碳排放，可減輕對環境負擔，同時為大眾帶來更方便出行，通過擴展交通觸點以提升就業機會，並改善整體生活質素。
作為Alef Aeronautics Inc的早期投資者之一，建業集團高度認可其通過創新飛行汽車提供安全、合法且安靜的空中交通的目標。在2023年，Alef Aeronautics Inc已獲得美國聯邦航空管理局（FAA）的特殊適航認證，成為未來可在街道上合法運營的領先企業。為深化與其合作，建業集團將主導本輪2000萬美元的亞洲區A輪融資。本輪融資的關鍵里程碑包括實現全尺寸模型的過渡飛行以及完成載人垂直起降測試。
建業集團主席王承偉先生表示：「我們的使命不僅僅是建造實體空間，還要拓展新的願景，創造從地面延伸至天空的可持續發展業務。Alef Aeronautics Inc完美體現了我們對低空經濟的願景。」
建業集團將繼續致力於投資有潛力的初創企業，並利用創新技術推動轉型，為所有人創造更美好、更繁榮的未來。
Exclusive Interview : Mr. James Wong, Chairman of Chinney Group
Exclusive Interview : Mr. James Wong, Chairman of Chinney Group
Hong Kong Based With A Global Perspective Chinney Leveraging Technology for Transformation and New Opportunities
“The success of Chinney Group is closely tied to the prosperity and development of Hong Kong. Regardless of our future growth and scale, Chinney has always been rooted in Hong Kong,” said Chairman of Chinney Group, Mr. James Wong Sai-wing (“Chairman James”). The Year 2025 marks the 50th anniversary of Chinney’s business start-up in Hong Kong. This coincides with the 100th anniversary of the Chinney brand created by his grandfather in Nanjing.
Chairman James’ father, Dr. James Wong Sai-wing, founded Chinney in Hong Kong in the 1970s. Through years of his and his colleague’s hard work, Chinney grew from a single business in construction into a diversified group covering construction, real estate, hospitality, engineering, foundation work, projects, and trade. Over the decades, Chinney has witnessed Hong Kong’s golden era in industry, finance, and real estate as well as opportunities arising from Mainland China’s economic reforms. The group has seized these opportunities by providing professional contracting high-quality engineering services to government and private enterprises, leading to significant growth. In recent years, the pandemic has prompted the company to diversify its investment and development strategy to mitigate risks. He emphasized, “Starting a business is challenging, but sustaining it is even more difficult. Hong Kong is both our home and starting point. Furthermore, Hong Kong is also a place worth investing in. Our business development shall continue here.”
Chairman James believes that Hong Kong still has its competitive edge – the “One Country, Two Systems” policy, the gateway to the world, common use of both Chinese and English languages, a talent pool with international perspective, and ample business leads in innovation and technology development. Hong Kong remains the premier location within Asia for brands to build their presence on the global stage. The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is one of the focal points for future development, and the group will continue to grow in the GBA. “Both Hong Kong and Shenzhen are Mainland China’s future economic growth engines, and Chinney aims to get on this fastrack.” Recently, Chinney Group has invested in Hong Kong, Macau, Shenzhen, Guangzhou, Foshan, Chongqing, and Shanghai. The Hon Kwok Commercial Centre in Shenzhen is known to be a landmark in the area. Together with the timely completion of the large commercial and residential project on Beijing Road in Guangzhou, these showcase the group’s confidence in the robust development of the Greater Bay Area and the domestic market of Mainland China.
Agility to invest in emerging industries
The success of Chinney Group lies in its commitment to its core business as well as its confidence in exploring new investment horizons. Chairman James recalls his grandfather’s unique philosophy on investment: “My grandfather Mr. Cha Chi-ming was a renowned industrialist. My father initially supported him on the textile business and later in his property development business. My grandfather had a foresight on market trends, a bold vision and a deep sense of belonging toward his country. This greatly enlightened my father. As early as the 1970s and 1980s, my father was in Nigeria for business, and our family often accompanied him on those trips. In the 1990s, there was a domestic real estate market boom in Mainland China and my father made decisive investments that yielded substantial returns. Two years ago, I noticed there was a significant influx of tourists during a Japan trip. I recognized the emerging trend in tourism to Japan and acted on it immediately. Consequently, over the last two years in 2023 and 2024, Chinney acquired six hotels in Osaka and Tokyo.” To remain resilient in a rapidly changing environment, Chairman James believes that it is essential not only to continue to innovate and add value to existing business but also to capture new industries and emerging opportunities.
Leveraging technology to facilitate transformation
“Five years ago, we began laying the groundwork for the low-altitude freight business in the Greater Bay Area. We then entered the drone and low-altitude vehicle sectors.” Chinney Alliance Engineering, Chinney’s subsidiary, has long been involved in the aviation communication equipment trade business and its related engineering projects in Hong Kong to leverage its strengths to tap into new market opportunities. “Recent years, digital transformation and artificial intelligence (AI) have profoundly impacted global business models. Countries prioritize sustainable development, which led to significant changes across industries.” Chairman James, who is the Chairman of the Urban Land Institute (ULI) – Greater Bay Area Committee and Chairman of Hong Kong PropTech Association (HKPTA) remains optimistic about the development of PropTech. He is dedicated to integrating technology into the Group’s core construction business, aiming to bring new energy to the industry. Chinney has recently integrated green energy-saving practices with construction technologies, such as installing photovoltaic integrated systems in hotel properties to promote sustainable development. Hence, creating eco-friendly and comfortable living space for travellers while reducing carbon emissions – win-win outcome in corporate social responsibility and economic benefits. “Chinney also values ‘hands-on’ technology, focussing on real estate and construction technology. We need to embrace these new trends to expand our horizons.”
Chinney has taken over Lot 495, Kin Chuen Street, Kwai Chung previously managed by Hon Kwok Land Investment and completed the project successfully through a one-stop comprehensive management, from design to construction of data centre that fully leveraged the group’s collaborative advantages. The team’s willingness to take on challenges sets itself apart from others: “The tougher the challenge, the more we are engaged.” This proactive attitude drives the group to further success. “Chinney is the first construction company in Hong Kong to take on a data centre project, accumulated eight years of experience. We were the first mover back then. No one had high hopes for the business back then VS everyone is eager to enter the market now.” Currently, the Group’s subsidiaries utilize various technologies to enhance productivity, including Building Information Modelling (BIM) and MiMEP (Mechanical and Electrical Equipment Integration). Chairman James also encourages employees to integrate AI technologies into procurement, supply chain management, design and contract management to improve efficiency, reduce costs and optimize resource allocation.
Inheritance of the Group's Management Philosophy
Chairman James had been a legal advisor for a Japanese firm in the United States. He admitted his experience as an ‘employee’ allows him to understand employees’ mentality and think from their perspectives. He then puts great emphasis on talent training and development. James believes good leaders should cultivate three key traits: stability, vision, and harmony. A stable workforce ensures the team is focused on its responsibilities; a clear vision helps employees to understand their contributions to the company, thus fostering a sense of purpose and achievement; and a harmonious work environment encourages employees to unleash their potential, enhancing overall team performance.
“People First” is not merely a slogan in the Group, it is built upon the daily support given to the employees. “We offer not only a stable work environment and a competitive remuneration but more importantly, great confidence to our employees about the future.” The management philosophy “Truth, Fairness, and Freedom” has guided the Group for years. Chairman James takes this as an invaluable intangible asset that facilitates wise decisions, earns trust from partners, perpetuates a strong corporate culture and steers the Group toward a brighter future. “We will uphold the Group’s core values and move forward with determination.”
Opening Speech at Chinney Group Annual Dinner 2024
Opening Speech at Chinney Group Annual Dinner 2024
Fellow Board members, distinguished guests, colleagues
Ladies and gentlemen, Good evening,
On behalf of the Board members of Hon Kwok Land, Chinney Investment, the Chinney Alliance Group, and Chinney Kin Wing Holdings, our Directors and senior managers, and on behalf of the Wong family: Thank you for joining the Chinney Group’s 49th Anniversary Annual Dinner. It is our great pleasure to welcome you all. I hope you will enjoy this pleasant and entertaining evening, and of course, the fantastic dinner.
I know that I stand between you and the food, so I will try to be brief. As is traditional, I will describe the way we see the world, and then I’ll introduce a few things that we are working on.
First of all, some good news: Despite two major wars, the Global Hunger Index fell to 18.3, the lowest rate in this century. Renewable energy became “unstoppable”, Medicine entered a Golden Age, AI entered the mainstream with ChatGPT.
As we look forward to our 50th Anniversary, it’s my great honor to serve as the Chairman of the Chinney Group. Forgive me for being obvious when I say that 2024 is going to be an interesting year. While I prefer tradition, this year we will need to adapt to fast changing market conditions driven by events in China and the US.
The Chinese economy is recovering slowly as it transitions out of its previous “property first” policy. Big property players will continue to deleverage, while financials institutions will respond by tightening controls. The government is working to minimize the impact on the rest of the economy (like us) with stimulus measures. Let’s give time for things to play out.
The US, on the other hand, will suffer through the chaos of an election year featuring Donald Trump: a grifter who is no friend of China or Hong Kong. Their year will feature deadlock, partisan infighting, and will probably sadly demonstrate the worst of democratic traditions. Biden may defy Iran and find peace in the Middle East, but it will bungle the war in the Ukraine. Economically, the Fed has so far managed a soft landing, but it won’t take much to tip the equilibrium into a recession. Interest rates are likely to remain higher for longer than the market would like. And because of ongoing tariffs, China will not be able to export its deflation to the US to relieve upwards price pressure from energy, food, and borrowing costs.
Hong Kong is our home. 2023 saw the first year of rebuilding since the troubles of 2019. By HK Airport numbers, we are at best 70% back. And unfortunately, we will continue to be squeezed by high interest rates from the US as well as depressed economic activity on the mainland.
In fact, our industry remains under stress. While we are not immune to market forces, fortunately, our fundamentals remain strong. The Chinney Group is keeping pace with improvements in PropTech, ESG, green and sustainable finance, next generation transportation, MIC, and digital transformation.
During 2023, externally, we bought six hotels in Japan, launched our Beijing Road project in Guangzhou and completed over 100 construction contracts. Our flying car company is the first company to be certified by the FAA. Internally, we updated our management practices with town halls and high-level retreats bringing together emerging senior managers and our independent non-executive directors. We promoted next generation managers in our foundation and real estate divisions as respected elders retired.
In 2024, we prepare to emerge from the survival mindset of the previous five years and look forward to finding new avenues of growth. Our strategy for next year is still to look widely, but tread carefully. We will look deeply into promising markets for generational opportunities. But we will commit very carefully. And with your support, we will be ready to take advantage when the pendulum swings back to economic growth again.
Looking forward: We will celebrate the 50th Anniversary of the incorporation of the Chinney Group in Hong Kong in 2025. And according to family folklore, the 100th Anniversary of the founding of the Chinney Group in Nanjing by my grandfather and his brothers. Our company runs on the principles propounded by our founder, my father Dr. James Wong: Truth, Fairness, and Freedom.
To conclude, I would like to express my gratitude to our colleagues for their hard work and contributions to both our innovative and resilient work culture. I also wish to express my sincere thanks to our stakeholders and business partners, we will continue to be good partners and hope to count on your support for new projects and initiatives.
Last but not least, I wish you all a healthy and prosperous Year of the Dragon. Thank you.
Press release on HKPTA
Press release on HKPTA
James Wong appointed as President of HKPTA: pioneering a new era of PropTech innovation in Hong Kong
The Hong Kong PropTech Association (HKPTA) is pleased to announce the appointment of Mr. James Wong as its new President, taking office on March 31, 2024. With over 30 years of experience in business, law, information systems and engineering, Mr. Wong’s extensive background provides a solid foundation to lead the HKPTA into a new era of growth.
Mr. Wong is currently the Chairman of the Chinney Group, oversees the Group’s four listed companies – Chinney Hon Kwok, Chinney Investments, Chinney Alliance and Chinney Kin Wing, which have made their mark in the construction, engineering and property investment sectors. Mr. Wong has extensive experience managing landmark projects such as the 80-storey Hon Kwok Tower in Shenzhen and operating the largest data centre in Hong Kong to installing the air traffic control radar at the Hong Kong Airport.
“James’ diverse expertise and deep insights into the real estate, construction and technology sectors make him an invaluable leader for our association,” said Vivian Chan, the Founding President of the HKPTA. “We are confident that his leadership will prove instrumental in fostering a vibrant PropTech ecosystem in Hong Kong.”
Before joining the family business, Mr. Wong’s career included roles as a lawyer in Toyota’s eDiscovery team, a tax lawyer at Baker & McKenzie and Price Waterhouse Coopers, and the treasurer of the Association of Corporate Counsel.
His commitment to Lifelong Learning is evidenced by his academic credentials, which include a Juris Doctor from the University of California College of the Law, San Francisco, and a master’s degree in information systems engineering from the Florida Institute of Technology. In addition, Mr. Wong is a member of the California Bar, a licensed California Real Estate Broker, a LEED Green Associate and a WELL AP.
“I am excited to begin this journey as President of the HKPTA and to work with our members to shape the future of the PropTech ecosystem in Hong Kong. Together, we aim to spark innovation, foster collaboration and harness the transformative power of PropTech,” he says.
Mr. Wong further elaborated on his approach during the recent HKPTA PropTech Excellence Awards 2024 ceremony, expressing his gratitude and highlighting his ambition for the PropTech landscape:
“Reflecting on the journey of my family business since the 1970s, which now encompasses a wide range of activities from real estate to engineering, I’ve witnessed first-hand the changes and opportunities brought about by global trends such as digital transformation and sustainability.”
Despite this progress, he believes there is significant room for growth in adopting innovative technologies, often hampered by resource constraints and the uncertainty surrounding new technologies. This challenge underlines the essence of the HKPTA’s existence.
“My goal is for the HKPTA to serve as a broad platform that nurtures young talent in the technology and real estate sectors, fosters connections between experts, stakeholders and organisations passionate about PropTech, and ultimately contributes to Hong Kong’s development as a smart city.”
Commitment on ESG
Commitment on ESG
Hon Kwok Group values the sustainability of its business and strives to incorporate environmentally friendly elements into operations.
With this vision in mind, we have adopted various environmental protection initiatives and formulating policies in the areas of energy consumption, greenhouse gas (“GHG”) emissions, waste generation, water consumption and climate risks management to manage the Group’s operational footprint.
The renovation project of our Bauhinia Hotel / Serviced Apartment (Central) in Hong Kong is expected to be completed in 2024. We have implemented various energy efficiency and waste management measures during construction stage to reduce our environmental impact. A refresh of the building façade with the BIPV (Building Integrated Photovoltaics) technology will be applied to the building, and that will be the first full envelope BIPV project in Hong Kong. This can help to reduce a building’s carbon footprint and energy savings by generating solar electricity which could connect to the grid.
Aiming to promote green and sustainable building design with good air and water quality management, we also certify our properties with sustainable building standards. Our Shenzhen Hon Kwok Centre was accredited with the Leadership in Energy and Environmental Design (“LEED”) Gold certification and WELL Health-Safety Rating (“WELL HSR”); the Hon Kwok Building in Guangzhou was also accredited with LEED v4 Gold Certification. There were a total of 2 properties held for investment that acquired green building certificates at the end of the Reporting Year. In the near future, we targeted to increase the number of properties with green building and certifications.
Applying Building-Integrated Photovoltaics (“BIPV”) System at Bauhinia Hotel (Central)
Applying Building-Integrated Photovoltaics (“BIPV”) System at Bauhinia Hotel (Central)
During the Reporting Year, the Bauhinia Hotel/ Serviced Apartment (Central) underwent a major renovation and is scheduled to reopen by the end of 2024. Notably, the renovation project incorporated the innovative use of Building-Integrated Photovoltaic (BIPV) technology, integrating photovoltaic modules into the building envelope, including the roof and the façade.
This renovation project stands out as a pioneering initiative, being the first building in Hong Kong to adopt full envelope BIPV systems. These systems serve the dual purpose of functioning as the building envelope while also generating power. They not only generate solar power that can be seamlessly connected to the grid but also offer enhanced aesthetical flexibility. By blending harmoniously with the surrounding building envelope, they overcome the physical limitations of conventional PV modules.
Although the cost of BIPV façade systems for Bauhinia (Central) is 10-15% higher than that of conventional curtain wall systems, their implementation will result in the generation of approximately 24,000 kWh of electricity and an annual reduction of over 17 tonnes of carbon emissions upon completion. This upgrade has earned us the Green Council UNSDG Achievement Awards Hong Kong 2023 –Project Award.
Actively promoting PropTech within the industry
Actively promoting PropTech within the industry
The Group is also dedicated to the development of PropTech. During the Reporting Year, our Chairman assumed the role of President of The Hong Kong PropTech Association (“HKPTA”). As President, Mr. Wong will spearhead the innovation agenda within the property industry, promoting technology-enabled solutions.
Membership in HKPTA grants the Group access to pioneering ideas and experts who are actively pursuing PropTech solutions, thereby ensuring our sustained competitiveness in the industry.