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Peter Huang, the founder of Yong Real Estate, re-branded 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 two strategic directions for the future at Yong Real Estate's 2007 Annual Sales Convention:
- to make Yong the largest real estate network in the world potentially employing over 300,000 people
- to make JHC Development Group one of the largest development companies in Queensland
As of early 2008, JHC has a land banking of around 2000 lots with completion value around $650 million and is planning to increase it to around 10,000-20,000 lots in the future while potentially making YONG and JHC Development Group a $1 billion company.
For more information about YONG Group, you may log on to yong.com.au.