In This Section
JHC Holdings is YONG's Venture Capital, Joint Venture (JV), Mezzanine Funding or Development Management arm, another added service to YONG's developer clients, land owners, local or international high net worth individual investors, for their development funding by way of JV or pure development management services. The development funding will either from JHC Holdings, its subsidiaries or from YONG's high network individuals. Even for large public companies like Delfin Lendlease, around 70% of their projects are joint venture with land owners or fund managers.
As of 2012, JHC has a land banking of around 2,000 lots on around 1,800,000m² land with eventual completion value around $900 million fully owned by Peter Huang and his wife and is planning to increase it to around 10,000-20,000 lots in the future through Joint Venture and Development Management while potentially making YONG a $1 billion company.
JHC is the advance of YONG's specialised Property Development Company - Paramount Property which successfully developed Sunnybank Hills Pacific Centre Complex in 2001 where YONG's headquarters is located along with many other different businesses. The Pacific Centre, Paramount Property's maiden project, won both the QMBA Brisbane Region Award and the QLD Wide Award.
Peter Huang is the founder of YONG Real Estate and JHC Holdings. The name JHC incorporates the initials of Peter Huang's three children: Jade, Harvey and Constance. It is also the original name of the YONG traditional family business established in the early 1900's in China which cased operation after the Communist Party took over the government in 1949. Peter is now reviving the family business established by his grandparents.
Ranked 32 amongst Queensland's top 400 private companies in 2011, YONG Group consist three strategic directions follow on:
For more information about YONG Group, you may visit www.yong.com.au.