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1990s

In accordance with China’s development directions, K. Wah Group ventured into the Mainland market in the early 1990s. The Group participated in the first large-scale urban renewal project in Guangzhou, transforming the old neighbourhood of Yuexiu District into a modern residential cum commercial area – The Parkview Place — in 1993, and also acquired land parcels in Shanghai, making K. Wah one of the earliest Hong Kong enterprises to step into Shanghai’s property market. Meanwhile, under Cresleigh Homes and Cresleigh Properties, K. Wah successfully laid a strong foundation in the US property market across California, Arizona and Sacramento.

To mark off the decade, the K.Wah Centre in North Point opened in 1991 as K. Wah’s headquarters in Hong Kong. Flexible and cautious investment strategies made K. Wah Group the first developer to call out land plots from the government in the years following the Asian Financial Crisis in 1997. The Group had successfully expanded its land reserve, including sites at Broadcast Drive, Caldecott Road and Waterloo Road in Kowloon Tong as well as Sham Tseng and Ma On Shan.

In addition to K. Wah’s property developments, another milestone was marked for its construction materials operations when K. Wah Construction Materials Limited (previously International Pipe Limited) was listed in Hong Kong (stock code: 00027) in 1991.Two years later, K. Wah Group established Huangpi Quarry, the largest quarry in Guangzhou, to further expand its construction materials business in Mainland China. Reaching the end of the decade, K. Wah Construction Materials entered into an agreement with the Hong Kong Government for the rehabilitation programme of Anderson Road Quarry in 1997, transforming the quarry into a multi-purpose land tract for housing and community facilities.

Last, but not least, K. Wah Group was also active in its hospitality businesses in America. Stanford Hotels International was established to manage and develop the Group's hotel business in Hong Kong in 1990. The Group's hospitality arm in the US, Stanford Hotels Corporation, was recognized as one of the top 12 hotel owners and groups in 1998.