Company Profile

Peter Huang, the founder of YONG Real Estate, expanded the development company, JHC Development Group from Paramount Property, in September 2007 to further enhance the development arm of his real estate business.

The name JHC Development Group incorporates the initials of Peter Huang's three children: Jade, Harvey and Constance.

It is also the original name of the YONG family's traditional business established in the early 1900's in China, which ceased operation after the communist party took over the government in 1949.

JHC is the advance of YONG's Property Development Company Paramount Property which successfully developed Sunnybank Hills Pacific Centre Complex in 2001 where it houses YONG Corporate Office and many other different businesses. As Paramount Property's maiden project, it won the QMBA Brisbane Region Award, followed by the Qld Regional Award.

As one of Queensland's top 400 private companies with net assets over $80 million in early year 2008, Peter Huang announced the YONG Group's three strategic directions for the future at YONG Real Estate's 2007 Annual Sales Convention:

  • YONG Real Estate
    Become the largest real estate network in the world potentially employing over 300,000 people.
  • JHC Development Group
    Become one of the largest development companies in Queensland.
  • YONG Foundation
    Become one of the largest charity foundations in Australia.

As of 2010, JHC has a land banking of around 2,200 lots with completion value around $900 million and is planning to increase it to around 10,000-20,000 lots in the future while potentially making YONG Group and JHC Development Group a $1 billion company.

For more information about YONG Group, you may visit www.yong.com.au.