New | Small Hong Kong developer CSI Properties has lofty ambitions
Rapidly expanding company aims to boost its annual sales to HK$10 billion in five years

With a market capitalisation of HK$3.3 billion, CSI Properties is definitely a small developer. But it has lofty ambitions.
The company aims to achieve annual sales of HK$8 billion to HK$10 billion in five years, or about three times this year's projected sales of HK$3 billion.
"With property sales of HK$8 billion, it will be quite a scale [for a] property company in Hong Kong," said chairman Mico Chung Cho-yee, who founded CSI in 2003. "We have five projects now on hand and then we will have another five. We are on the way to expansion."
CSI has been expanding rapidly.
On May 13, the company won a commercial site in Kowloon Bay for HK$3.04 billion in a joint venture with Sino Land and Billion Development.
Total investment of the project, in which CSI has a 30 per cent stake, was estimated at HK$4.5 billion to HK$5 billion.
Last month, it won a residential site in Sheung Shui through a government tender for HK$302 million. The site will be developed into six big houses to target affluent individuals or families from Hong Kong and mainland China.