Aspac Developments

What Aspac Developments does

Aspac Developments is a privately held Vancouver-based real estate developer founded in 1993 by a Hong Kong-based entrepreneur. The company specializes in luxury waterfront and urban residential developments across Metro Vancouver, with completed and ongoing master-planned communities at Coal Harbour (Waterfront Place, Harbour Green), Richmond (River Green, Hollybridge), and UBC (The Wesbrook), as well as the upcoming Alberni at Cardero project in downtown Vancouver. ASPAC's product is high-end condominiums, townhouses, and penthouses featuring globally sourced materials and finishes — Snaidero kitchens, Miele appliances, premium marble and wood — designed in collaboration with internationally recognized architecture firms such as Pelli Clarke Pelli and IBI Group.

The company's revenue model is project-based and one-time: units are sold directly to affluent end-user homebuyers through presentation centres and the corporate sales office, with revenue recognized at unit closing. Pricing is quote-based and not publicly disclosed, with unit values tied to project, floor level, and prevailing market conditions in Metro Vancouver's premium submarkets. ASPAC differentiates on craftsmanship, long-time-horizon site selection, and a post-sale ASPAC Club membership that provides homeowners with privileged access to future developments, exclusive lifestyle relationships, and curated events. With a headcount of 11-50, the firm operates a lean internal team supplemented by external construction and design partners, and has delivered thousands of luxury residential units over a 30-plus year operating history. The company is privately held with no disclosed parent, investor base, or public financial statements.

Name

Aspac Developments

Legal name

Aspac Developments Ltd.

Website

https://aspac.ca

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Aspac Developments is a Vancouver-based luxury real estate developer founded in 1993, building premium waterfront condominiums, townhouses, and penthouses in Metro Vancouver submarkets including Coal Harbour, Richmond, and UBC, selling directly to affluent end-user homebuyers.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Aspac Developments generates revenue through the direct sale of luxury condominiums, townhouses, and penthouses to end-user homebuyers. Revenue is realized upon property closings and is one-time per unit rather than recurring.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Aspac Developments is a Metro Vancouver real estate developer that builds, markets, and directly sells luxury waterfront and urban residential properties, including condominiums, townhouses, and penthouses. Its current flagship is Hollybridge at River Green in Richmond, with the upcoming Alberni at Cardero project in downtown Vancouver, supported by an exclusive ASPAC Club membership program for all homeowners.

Product overview

Aspac Developments is a Metro Vancouver real estate developer specializing in luxury waterfront and urban residential projects. The company operates a portfolio of distinct real estate offerings: current projects include Hollybridge at River Green (luxury waterfront living with resort amenities) and the upcoming Alberni at Cardero development; past landmark projects include River Green (27-acre Richmond waterfront masterplan), Harbour Green (three-tower Coal Harbour luxury condominiums with Italian kitchens and Miele appliances), Waterfront Place (award-winning five-building collection), and The Wesbrook at UBC (sustainable development with passive house principles). All homeowners receive membership in the ASPAC Club, providing exclusive access to amenities and events.

Differentiator

Problem solved

Functional benefit

Products and services

• Hollybridge at River Green Current flagship waterfront development in Richmond featuring grand balconies, curtain walls of glass, and 5-star urban resort amenities including gyms, spas, pools, work studios, and music rooms, with Panther Penthouses offering premium finishes. Targeted at affluent homebuyers seeking luxury waterfront living in Metro Vancouver.
• River Green Masterplan Richmond waterfront masterplan spanning over 27 acres with 5-star urban sophistication, Olympic legacy amenities from the Richmond Oval, and serene landscape with unobstructed views, including 800+ suites and 50+ townhouses across phases. Targeted at affluent homebuyers and long-term investors.
• Harbour Green (One, Two & Three) Three-tower luxury condominium development in Coal Harbour featuring ergonomic Snaidero kitchens, Miele appliances, private garages, 25-metre swimming pool, and virtual golf centre. Completed 2006-2012. Targeted at affluent homebuyers seeking Coal Harbour waterfront living.
• Waterfront Place Five-building collection in Coal Harbour (Avila, Bauhinia, Cascina, Denia, Escala) with 505 total suites and townhouses. Awarded 2004 Gold Georgie by Canadian Home Builders' Association for Best Multi-Family Development. Targeted at affluent homebuyers.
• Alberni at Cardero Two 38-storey towers by Pelli Clarke Pelli Architects bringing globally recognized architecture to West Georgia and Alberni Streets, near Coal Harbour heritage area. Upcoming development targeted at ultra-luxury downtown Vancouver buyers.
• ASPAC Club Membership

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Grosvenor Americas: International real estate developer (Grosvenor Group affiliate) with selective Metro Vancouver residential and mixed-use projects. Comparable in luxury product positioning and Vancouver footprint, while operating as part of a much broader global portfolio.
• Ledcor Group: Large Canadian construction and real estate group active in BC residential and mixed-use development. Comparable as a Metro Vancouver real estate operator, though broader in scope and more vertically integrated into construction than Aspac.

Direct peers

• Bosa Properties: BC-based residential developer with a long Metro Vancouver track record (Bosa-built towers across downtown Vancouver and Metrotown). Comparable in customer segment (condo/townhouse buyers) and Metro Vancouver focus, with a luxury-skewed portfolio.
• Onni Group: Vancouver-rooted developer with a large Metro Vancouver residential pipeline (e.g., Brentwood and downtown towers) plus US operations. Closely comparable in product type, scale, and direct-to-consumer for-sale residential model.
• Cressey Development Group: Vancouver-based residential developer known for high-design mid-to-upper-tier condominium projects. Comparable in product positioning, Metro Vancouver concentration, and emphasis on interior quality and design partnerships.
• Polygon Homes: One of BC's most prolific residential homebuilders, delivering thousands of condominium and townhouse units across Metro Vancouver. Comparable as a direct for-sale residential builder in the same market, although skewing slightly more mid-market than Aspac.
• Concord Pacific: Concord Pacific is one of Metro Vancouver's largest and most prominent condominium developers, with marquee master-planned communities (Concord Pacific Place, Brentwood, Metrotown) and an active luxury pipeline. Directly comparable to Aspac in product type, target customer, and Vancouver-centric luxury strategy.
• Westbank: Vancouver-based luxury developer known for architect-led, design-forward residential towers (Shangri-La, Vancouver House, The Butterfly). Directly comparable in tier (ultra-luxury), geography, and emphasis on world-class architecture and globally sourced materials.
• Intracorp Homes: BC-focused residential developer with projects concentrated in Metro Vancouver. Comparable as a for-sale residential builder serving similar buyer personas across similar submarkets.

Regional players

• Townline Homes: BC-based residential developer active in Metro Vancouver and Vancouver Island with mixed for-sale and rental product. Comparable in residential product type and BC base, though typically oriented to broader market segments than Aspac's luxury focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/aspacdevelopmentsltd
• LinkedInlinkedin.com/company/aspacdevelopments

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aspac Developments