Evergrande Real Estate Group

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Evergrande Real Estate Group
Type Public (SEHK3333)
Industry Real estate
Founded 1996
Headquarters Guangzhou, Guangdong, People's Republic of China
Area served People's Republic of China
Key people Chairman: Mr. Xu Jiayin
Website Evergrande Real Estate Group

Evergrande Real Estate Group, previously Hengda Real Estate Group, is one of the ten largest real estate developers in Mainland China, and one of the five largest real estate developers in Guangdong Province (The other four are Country Garden, Guangzhou R&F Properties, Hopson Development, Agile Property).

Evergrande began operations in Guangzhou in 1996. It currently owns 45.8 million sqm of development land and real estate projects in 22 cities (Guangzhou, Tianjin, Shenyang, Wuhan, Kunming, Chengdu, Chongqing, Nanjing, Zhengzhou, Luoyang, Changsha, Nanning, Xian, Taiyuan, Guiyang, etc.) in Mainland China, which ranks second among the Mainland real estate developers, just after Country Garden.[1]

The group bought football club Guangzhou Evergrande F.C. in 2010 and invested heavily, and under Marcello Lippi they won the 2013 AFC Champions League. The group has a mineral water brand Evergrande Spring (恒大冰泉)[2] and a football tutoring school.

As of 2013, owner Xu Jiayin (b. 1958) is the fifth richest Chinese, worth about $ 7 billion.[3]

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