Empire Group Holdings
Empire Group Holdings is a privately held Hong Kong-based property developer and investor founded in 2010 by Dr Walter Kwok, operating across residential, commercial, and hospitality sectors with over HKD29 billion deployed across 5.7 million square feet of developments, primarily through joint ventures with leading Hong Kong developers.
- Company typePrivate
- Founded2010
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Empire Group Holdings does
Empire Group Holdings is a privately held Hong Kong-based property development and investment company founded in 2010 by Dr Walter Kwok, the entrepreneur credited with driving Hong Kong's IFC and ICC developments. The group operates across three core verticals — residential property development, Grade-A commercial real estate, and hospitality — supported by an in-house financial investment portfolio that manages long-term public and private market allocations. Since launch the company has invested over HKD29 billion across more than 5.7 million square feet of gross floor area, with operations concentrated in Hong Kong and an employee base of 11–50.
The company's hospitality portfolio comprises the wholly-owned Kimpton Tsim Sha Tsui Hong Kong (495 rooms, opened September 2025, the brand's largest property worldwide), the Holiday Inn Express Causeway Bay (282 rooms), and the JV-owned The Fullerton Ocean Park Hotel Hong Kong (425 rooms, with Sino Land), all operated under management agreements with InterContinental Hotels Group. Residential developments are predominantly executed through joint ventures with leading Hong Kong developers — Sino Group, Henderson Land, New World Development, Wheelock Properties, Lai Sun Development, MTR Corporation, CSI Properties, Chinachem, China Overseas Land, and Hysan — spanning projects such as Miami Quay (1,207 units in Kai Tak), The Knightsbridge (566 units in Kai Tak), Deep Water Pavilia (825 units above Wong Chuk Hang MTR Station), The ALTO Residences, and the Royale series in Tuen Mun (1,782 units combined). Commercial assets include the wholly-owned Grade-A office tower S22 in Wong Chuk Hang (which also serves as headquarters) and the JV-owned Landmark South with Sino Land, producing recurring rental income alongside a public gallery exhibiting the founder's Chinese art collection.
Empire's revenue model combines lumpy property development income (realized on unit sale and project completion) with recurring streams from hotel operations and commercial leasing, supplemented by an in-house financial portfolio. Go-to-market relies on direct sales for wholly-owned properties and on JV partnerships for co-development and distribution of larger projects. Target segments are high-net-worth individuals purchasing luxury residential units, corporate tenants leasing Grade-A office space, and domestic and international travelers using its design-led hotels.
Empire Group Holdings firmographics
Firmographics- Name
- Empire Group Holdings
- Legal name
- Empire Group Holdings Limited
- Website
- https://egh.com.hk
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Empire Group Holdings is a privately held Hong Kong-based property developer and investor founded in 2010 by Dr Walter Kwok, operating across residential, commercial, and hospitality sectors with over HKD29 billion deployed across 5.7 million square feet of developments, primarily through joint ventures with leading Hong Kong developers.
- Ownership category
- akta.pro rank
Empire Group Holdings industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Management of Companies and Enterprises (55111), Other Financial Investment Activities (5239), Offices of Other Holding Companies (551112)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
- akta.pro primary industry
- Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)
- akta.pro secondary industries
- Single-Family Offices (SFOs) (FSAAADAA), Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)
Keywords
Where Empire Group Holdings is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices2 records
Markets served
Empire Group Holdings business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Property Development and Sales: Revenue from developing and selling residential and commercial properties across Hong Kong. Properties include luxury residences, Grade-A office towers, and mixed-use developments. Income is realized upon property completion and sale.
- Hospitality Operations: Revenue from hotel operations including Kimpton Tsim Sha Tsui Hong Kong (wholly-owned) and joint venture hotels including The Fullerton Ocean Park Hotel Hong Kong and Holiday Inn Express Causeway Bay. Hotels are operated by IHG brands.
- Commercial Leasing: Leasing portfolio comprising office and commercial assets including S22 and Landmark South. Recurring rental income from commercial tenants.
- Financial Portfolio Investment: In-house investment team manages a financial portfolio spanning public and private markets globally on a long-term basis in partnership with leading investment managers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Luxury residential units - prices range from HK$6.88 million to HK$13.52 million |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Empire Group Holdings product offering
Product offeringCore offering
Empire Group Holdings is a private Hong Kong-based property development and investment company that develops luxury residential, Grade-A commercial, and hospitality real estate projects. The company develops, sells, and leases properties through direct investments and joint ventures with leading Hong Kong developers, with over HKD29 billion invested since 2010 and more than 5.7 million square feet of GFA under development. Its portfolio includes wholly-owned developments (S22, Kimpton Tsim Sha Tsui Hong Kong) and joint-venture projects across residential, commercial, and hospitality sectors.
Product overview
Empire Group Holdings is a privately-owned Hong Kong-based property development and investment company founded in 2010 by Dr Walter Kwok. The company operates a diversified portfolio spanning three main sectors: Hospitality (including Kimpton Tsim Sha Tsui Hong Kong, Holiday Inn Express Causeway Bay, and The Fullerton Ocean Park Hotel Hong Kong), Residential (comprising The ALTO Residences, The Royale series (Seacoast, Starfront, Skypoint Royale), Miami Quay, The Knightsbridge, and Deep Water Pavilia), and Commercial real estate (S22 and Landmark South). The company has invested over HKD29 billion in property projects since launch, with total GFA under development exceeding 5.7 million sf. The hospitality portfolio includes branded hotels operated under management agreements with InterContinental Hotels Group (Kimpton, Holiday Inn Express) and Fullerton Hotels. Residential projects are largely joint ventures with major Hong Kong developers. The company also maintains a public gallery showcasing Dr. Walter Kwok's private collection of Chinese art.
Differentiator
Problem solved
Functional benefit
Products and services
- Kimpton Tsim Sha Tsui Hong Kong A 495-room luxury hotel located at 11 Middle Road, Tsim Sha Tsui, Kowloon. Wholly-owned by Empire Group, featuring rooftop infinity pool on the 50th floor, Angsana by Banyan Tree spa, multiple dining outlets, and speakeasy bar with Victoria Harbour views.
- Holiday Inn Express Causeway Bay Hong Kong A 27-story hotel at No.33 Sharp Street East, Causeway Bay with 282 well-equipped rooms including 245 smoke-free rooms and 2 accessible rooms. Features complimentary Wi-Fi and free Express Set Breakfast.
- The Fullerton Ocean Park Hotel Hong Kong A sustainability-minded oceanfront luxury resort at 3 Ocean Drive, Aberdeen. Joint venture with Sino Land Company Limited. Features 425 guest rooms, 4 dining destinations, infinity pool, indoor kids' zone, gym, and luxury spa overlooking the South China Sea.
- The ALTO Residences Mixed development joint venture with Lai Sun Development at No.29 Tong Yin Street, Tseung Kwan O. Adjacent to the coastline with seven residential towers comprising 582 units, 23 houses, and retail space totaling 53,265 sqm GFA.
- Seacoast Royale First project of the Royale series located at 8 Castle Peak Road, Castle Peak Bay, Tuen Mun. A 611-unit residential project with sea and mountain views. Joint venture with Hong Kong Ferry.
- Starfront Royale Second project of the Royale series at 8 Castle Peak Road, Castle Peak Bay, Tuen Mun. Comprises 614 units. Joint venture with Hong Kong Ferry with total GFA over 60,000 sqm across the Royale series.
- Skypoint Royale Third project of the Royale series at 8 Castle Peak Road, Castle Peak Bay, Tuen Mun. A 557-unit residential development with sea and mountain views. Joint venture with Hong Kong Ferry.
- Miami Quay Joint venture with Henderson Land, New World Development, and Wheelock Properties at No.23 Shing Fung Road, Kai Tak. Miami design concept with 6 residential towers comprising 1,207 units.
- The Knightsbridge Luxury waterfront residential development at No.22 Shing Fung Road, Kai Tak. Joint venture with Chinachem Group, China Overseas Land & Investment, Henderson Land, New World Development, and Wheelock Properties. Comprises 566 units at the heart of Park Peninsula.
- Deep Water Pavilia Phase 5 of the Wong Chuk Hang Station development at No.11 Heung Yip Road, Wong Chuk Hang. Joint venture with CSI Properties, Lai Sun Development, MTR Corporation, and New World Development. Two residential towers with 825 units.
- S22 Empire Group's first wholly-owned Grade-A commercial development at No.22 Heung Yip Road, Wong Chuk Hang. A 28-storey office tower with 167,820 sq. ft. total GFA, 7,630 sq. ft. typical floor plates, and 3.8m clear ceiling height with 270-degree sea and mountain views.
- Landmark South 30-storey purpose-built Grade-A commercial property at No.39 Yip Kan Street, Wong Chuk Hang. Joint venture with Sino Group. Offers 26,472 sqm of intelligent office space with abundant facilities.
- Private Collections of Dr. Walter Kwok Public gallery at S22 headquarters showcasing Dr. Walter Kwok's private collection of Chinese art including Qing Dynasty porcelain, jade, cloisonné, lacquerware, glassware, snuff bottles, and timepieces from Yongzheng and Qianlong periods.
Quantifiable outcome
- Over HKD29 billion invested in property projects since 2010
- +3 more outcomes
Companies that use Empire Group Holdings
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles4 records
Empire Group Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Empire Group Holdings partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and minor.
- InterContinental Hotels Group (IHG)coreEmpire Group signed hotel management agreement with IHG in May 2019 for the Kimpton Hotel Hong Kong, marking Kimpton's debut in Hong Kong. The hotel opened in September 2025 as the brand's largest property worldwide. IHG operates the design-led Kimpton hotel from floors 9-42 of the Mariners' Club redevelopment.
- Sino Land Company LimitedcoreJoint venture partnership for Fullerton Ocean Park Hotel Hong Kong (with 425 guest rooms, oceanfront luxury resort) and Landmark South (Grade-A commercial property). Sino Group and Empire Group jointly announced their first Grade-A commercial cooperation project in January 2022.
- Hong Kong FerrycoreJoint venture partner for the Royale series residential developments in Tuen Mun, comprising Seacoast Royale, Starfront Royale, and Skypoint Royale with total 1,782 units and over 60,000 sqm GFA.
- Henderson Land Development Company LimitedcoreJoint venture partner for Miami Quay (1,207 units in Kai Tak), The Knightsbridge (566 units in Kai Tak), and To Kwa Wan's Bailey Street/Wing Kwong Street URA Development Project.
- New World Development Company LimitedcoreJoint venture partner for Miami Quay (Kai Tak), Deep Water Pavilia (Wong Chuk Hang), and The Knightsbridge (Kai Tak). Projects span residential developments across Hong Kong's key growth areas.
- Wheelock Properties (Hong Kong) LimitedcoreJoint venture partner for Miami Quay (Kai Tak Park Peninsula) and The Knightsbridge (Kai Tak) residential developments, bringing Miami design concept and luxury lifestyle offerings.
- Lai Sun DevelopmentcoreJoint venture partner for The ALTO Residences in Tseung Kwan O (582 units, 23 houses) and Deep Water Pavilia in Wong Chuk Hang (825 units).
- MTR Corporation LimitedcoreJoint venture partner for Wong Chuk Hang Package 5 Property Development (Deep Water Pavilia), positioned on top of Wong Chuk Hang MTR Station, yielding approximately 636,000 sq. ft. GFA with over 1,000 residential flats.
- CSI Properties LimitedcoreJoint venture partner for Deep Water Pavilia (Wong Chuk Hang), the fifth phase of the Southside mixed-use development above MTR station.
- Chinachem GroupcoreJoint venture partner for The Knightsbridge luxury residential development in Kai Tak Park Peninsula.
- China Overseas Land & Investment LimitedcoreJoint venture partner for The Knightsbridge luxury residential development in Kai Tak Park Peninsula.
- Hysan Development Company LimitedcoreJoint venture partner for To Kwa Wan's Bailey Street/Wing Kwong Street URA Development Project covering site area of approximately 7,406 sm.
- Hong Kong Arts Development CouncilminorSino Group and Empire Group partnered with HKADC to promote arts and culture in Hong Kong Southside. HKADC's new permanent office is located at Landmark South, with art facilities in the commercial complex.
- The Sailors Home and Missions to SeamencoreEmpire Group was appointed as development partner with The Sailors Home and Mission to Seafarers for the Mariners' Club redevelopment project in Tsim Sha Tsui in February 2018. The new building will house the historic club and a Kimpton hotel.
- Walter & Wendy Kwok Family FoundationminorCompany foundation supporting charitable causes including Suicide Prevention Services (since 2014), Foodlink Foundation (since 2011), Society for Community Organization, Heep Hong Society, and Asbury Methodist Social Service.
- Kwok Scholars AssociationminorCharitable organization incorporated in Hong Kong in April 2014, providing scholarships to Hong Kong and China residents for studies in public service, environmental, psychology, and hospitality fields.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Empire Group Holdings competitors and assessment
Company assessmentDirect peers
- New World Development Company Limited: New World Development is a major Hong Kong developer and Empire Group JV partner on Miami Quay, Deep Water Pavilia, and The Knightsbridge. Has comparable exposure to luxury residential, commercial property, and hospitality (Rosewood, etc.), making it a direct operating peer.
- Henderson Land Development Company Limited: Henderson Land is a Hong Kong blue-chip developer and Empire Group JV partner on Miami Quay, The Knightsbridge, and the Bailey Street URA project. Competes directly with Empire Group in the luxury residential segment across Kai Tak and other prime corridors.
- Wheelock Properties (Hong Kong) Limited: Wheelock Properties, now part of Wharf Real Estate Investment Company, is a luxury-focused Hong Kong developer and Empire Group JV partner on Miami Quay and The Knightsbridge. Brings the Miami design concept into JV projects, competing directly for high-net-worth Hong Kong buyers.
- Chinachem Group: Chinachem Group is a Hong Kong-based real estate developer and Empire Group JV partner on The Knightsbridge luxury residential development in Kai Tak. Operates comparable luxury residential, commercial, and hotel assets across Hong Kong.
- Sino Land Company Limited: Sino Land is one of Hong Kong's largest developers and Empire Group's most significant JV partner, co-developing Fullerton Ocean Park Hotel Hong Kong and Landmark South. Operates across luxury residential, Grade-A commercial, and hospitality — the same three pillars as Empire Group, with overlapping project locations in Wong Chuk Hang.
- Lai Sun Development Company Limited: Lai Sun Development is a Hong Kong property developer with both residential and hospitality exposure (including media assets). Empire Group's JV partner on The ALTO Residences and Deep Water Pavilia, with comparable project pipelines in Tseung Kwan O and Wong Chuk Hang.
- MTR Corporation Limited: MTR Corporation is the Hong Kong rail operator and major property developer via its Rail plus Property model. Empire Group's JV with MTR on Wong Chuk Hang Package 5 (Deep Water Pavilia) directly ties into MTR's station-integrated development pipeline, with overlapping methodologies for transit-oriented projects.
Broad incumbents
- Sun Hung Kai Properties Limited: Sun Hung Kai Properties is Hong Kong's largest developer by market capitalization, with a comprehensive luxury residential, Grade-A office, and hotel portfolio. While much larger and broader than Empire Group, SHK competes in the same luxury segments and primary locations.
- Hongkong Land Holdings Limited: Hongkong Land is the premier luxury commercial landlord in Central Hong Kong with a broader Asian investment portfolio. Operates investment-focused Grade-A office and luxury retail real estate — overlapping with Empire Group's S22 and Landmark South commercial strategy.
- Swire Properties Limited: Swire Properties is a Hong Kong-listed luxury commercial and hospitality-focused developer with portfolios in HK, Mainland China, and beyond. Operates overlapping hotel brands (EAST, Mandarin Oriental partnerships) and luxury office assets — directly comparable to Empire Group's diversified commercial/hospitality model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Empire Group Holdings social profiles
Digital presenceEmpire Group Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Empire Group Holdings leadership team
Management profileNumber of profiles
Profiles12 records
Empire Group Holdings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Empire Group Holdings M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Empire Group Holdings
What does Empire Group Holdings do?
Empire Group Holdings is a private Hong Kong-based property development and investment company that develops luxury residential, Grade-A commercial, and hospitality real estate projects. The company develops, sells, and leases properties through direct investments and joint ventures with leading Hong Kong developers, with over HKD29 billion invested since 2010 and more than 5.7 million square feet of GFA under development. Its portfolio includes wholly-owned developments (S22, Kimpton Tsim Sha Tsui Hong Kong) and joint-venture projects across residential, commercial, and hospitality sectors.
Is Empire Group Holdings a public or private company?
Empire Group Holdings is a private company. It is classified as family owned and is currently operating.
When was Empire Group Holdings founded?
Empire Group Holdings was founded in 2010. It employs 11 to 50 people.
Where is Empire Group Holdings based?
Empire Group Holdings is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does Empire Group Holdings make money?
Four revenue lines are on record. Property Development and Sales are the primary driver. The others are hospitality Operations, commercial Leasing and financial Portfolio Investment.
Who are Empire Group Holdings's main competitors?
Direct peers on record are New World Development Company Limited, Henderson Land Development Company Limited, Wheelock Properties (Hong Kong) Limited, Chinachem Group, Sino Land Company Limited, Lai Sun Development Company Limited and MTR Corporation Limited. Broad incumbents are Sun Hung Kai Properties Limited, Hongkong Land Holdings Limited and Swire Properties Limited.
Does Empire Group Holdings have an API?
No public API is recorded for Empire Group Holdings.
What industry is Empire Group Holdings in?
Empire Group Holdings's product category is Real Estate Development. Its primary akta.pro industry code is FSAAADAH, Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest), with a secondary code of FSAAADAA, Single-Family Offices (SFOs). Its NAICS code is 55111 and its SIC code is 6532.