On January 27, 2022, the company was officially renamed as China Resources Enterprise Property Investment Company Limited , and transformed into a commercial property investor and operator focusing on community retail property

In July 2022, we successfully acquired  Wan Tau Tong Square , which is CREP’s first investment project in the field of community retail property sector

In support of the Group’s strategic plan to reshape and elevate its real estate business in Hong Kong, CREP stepped up its efforts and obtained full support from the Standing Committee for the acquisition and re-development of 25-31 Sugar Street in Causeway Bay. The project involved the demolition of 2 old buildings and the construction of a high-end Ginza-style development.

In response to the shift in consumer habits and the high demand for luxury retail, Star House in Tsim Sha Tsui was reconfigured to enable the partitioning of 3 duplex flagship spaces with prominent street frontage. 

Following the introduction of Individual Visit Scheme, selected retail assets were strategically upgraded to further release their potentials. With aims in capturing the revival of Hong Kong’s retail business, Silvercord on Canton Road of Tsim Sha Tsui had undergone major trademix enhancement and multiple renowned international labels were then recruited. 

CRE Properties (Hong Kong) Limited unified the ownership of Garley Building at Nathan Road of Jordan, a 16-storey building which was severely damaged in the most tragic tenement fire in Hong Kong in 1996. The building was then redeveloped into a ginza-type commercial building – “JD Mall”.

China Resources Department Store at Hennessy Road of Causeway Bay was reconfigured and transformed into a Japanese-themed shopping mall – “優食橫町”

China Resources Department Store in Mongkok was reconfigured and repartitioned. Another mall under the “New Town Mall” series was then developed.

China Resources Department Store at Sugar Street of Causeway Bay was repositioned into a dining and entertainment hub, featuring Hong Kong’s largest KTV as the project’s anchor tenant.

CRE Properties (Hong Kong) Limited was established and significant revamp and repositioning projects were carried out to convert previous properties operating as department stores into commercial retail malls. Related business units such as leasing, property development and property management were developed. 

The first revamp project in Tsuen Wan was completed – a full transformation from China Resources Department Store into a vibrant new shopping mall label - “New Town Mall”.

China Resources Oil Depot in Tsing Yi was demolished and converted into Villa Esplanada, a large-scale private housing estate with a total of 2,800 residences. The project is divided into three phases and completed in between 1998-2000.

1995 marked the launch of 2 substantial developments constructed by the Property Department of China Resources Enterprise Limited:

1. China Resources Building in Wanchai (8,200 sqm GFA approx.)

2. CRE Centre in Cheung Sha Wan (16,000 sqm GFA approx.)

The Group acquired Winland Investment Limited and renamed it as China Resources Enterprise Limited. Along with the acquisition came the Group’s first wholly-owned real estate property, Riley House in Kwai Chung (90,000 sqm GFA approx.).