Founded in November 1998 with a registered capital of 3 billion yuan, Beijing’s Shougang Real Estate Development Co., Ltd. (hereinafter referred to as “Shougang Real Estate”) is a fully-owned subsidiary of Shougang Group, having first-class qualification for real estate development enterprises as a council member unit of China Real Estate Association.

Relying on the resources advantage of Shougang Group, Shougang Real Estate implements a “two-wheel driving” development strategy. On the one hand, it implements Shougang's own land use and on the other hand, it implements market-oriented project operations. At present, it has formed four strategic areas in Beijing, Southwest, Circum-Bohai Sea Economic Zone and Southeast and developed products covering residence, apartment, villa, commercial, office building, tourism and hotel, etc., forming a variety of formats. Since its establishment, it has received nearly 100 awards in the real estate industry. At the same time, it has formed partnerships with well-known housing companies including Country Garden, China Overseas, China Resources, and Jinke.

The Shougang Real Estate has formed a market-oriented real estate investment and development group of real estate investment, development and asset operation. It has 23 subsidiaries and a total asset management amount of 50 billion yuan.