China Overseas Grand Oceans Group

What China Overseas Grand Oceans Group does

China Overseas Grand Oceans Group Limited (COGOGL, listed on the Hong Kong Stock Exchange under stock code 81) is a real estate developer focused on residential and mixed-use property development in emerging tier 2 and tier 3 cities across mainland China. The company is a controlled subsidiary of China Overseas Land & Investment Limited (COLI), itself part of the China State Construction Engineering Corporation (CSCEC) central state-owned enterprise group under SASAC. The company was restructured into its current form on February 10, 2010 and operates across approximately 20 Chinese cities with a land bank of approximately 17.7 million sqm (as of mid-2017), targeting middle to upper-middle-class buyers in cities including Jilin, Hefei, Nanning, Lanzhou, Ganzhou, Xuzhou, Yangzhou, Yancheng, Nantong, Hohhot, Yinchuan, and Xining. COGOGL's distinguishing technical capability centers on ultra-low energy building technology, achieving 92% energy efficiency versus the 75% national standard in projects such as Zhonghai Heshan Daguan — the first and largest ultra-low energy cluster demonstration in China's severe cold regions. The company has 216 green building certified projects totaling 44.52 million sqm, and operates a wholly-owned subsidiary Zhonghong Low Carbon Technology (中宏低碳科技) that delivers low-carbon building consulting, green finance support, and the proprietary Low-Carbon Smart Health AIoT Operation and Maintenance System.

COGOGL generates revenue primarily through direct property sales to end consumers via on-site sales offices in tier 2/3 cities, with revenue recognized upon property handover. Secondary recurring-revenue streams include hotel management, commercial property operation, and cultural tourism. The company is co-editor of the national 'Technical Specification for Ultra-Low Energy Residential Buildings' standard with the China Building Science Research Institute, participates in the 14th Five-Year Plan national key R&D program on healthy residential environment monitoring (with partners including Shanghai Jiao Tong University, China Architecture Design & Research Group, and Qingdao Haier), and holds ISO 9001/14001/45001 dual certification. The company is a constituent of the Hang Seng Composite Index Series (since 2012) and MSCI Global Standard Indices (since 2013).

The business operates in a contracting Chinese property market, with reported revenue declining from approximately HK$8.47 billion in 2021 to HK$5.27 billion in 2025, reflecting sector-wide pressure on residential developers. Despite this, the company continues selective land acquisition (e.g., Taizhou, Jiangsu in January 2026 for RMB 287.39 million) and invests in green building differentiation as a defensive positioning strategy within its SOE parent's broader portfolio.

Name

China Overseas Grand Oceans Group

Legal name

China Overseas Grand Oceans Group Limited

Website

https://cogogl.com.hk

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

China Overseas Grand Oceans Group is a Hong Kong-listed real estate developer controlled by state-owned COLI/CSCEC, focused on residential and mixed-use property development in emerging tier 2 and tier 3 cities across mainland China, with proprietary ultra-low energy building technology.

Ownership category

akta.pro rank

Headquarters

HQ city

Wan Chai

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Property Sales (Real Estate Development): Primary revenue stream from direct sales of residential and commercial properties developed in emerging tier 2 and tier 3 cities across mainland China. Revenue recognized upon property handover to buyers.
2. Hotel Management: Hotel operations and management services as part of diversified business segments.
3. Commercial Operation: Commercial property management and operation services.
4. Cultural Tourism: Cultural tourism development and related services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

China Overseas Grand Oceans Group develops, sells, and manages residential and commercial properties primarily in emerging tier 2 and tier 3 cities across mainland China. The company focuses on mid to high-end residential developments and mixed-use properties, supported by hotel management, commercial operation, and cultural tourism businesses. It also operates a low-carbon technology subsidiary (Zhonghong Low Carbon Technology) providing green building consulting and AIoT operations services.

Product overview

China Overseas Grand Oceans Group (中海宏洋) operates as a real estate developer focused on residential and commercial property development across emerging cities in China. The company offers core property development products including residential units (精品住宅) and commercial real estate (商業地產). Through its subsidiary 中宏低碳 (Zhonghong Low-Carbon Technology), the company provides specialized low-carbon building technology services including the Low-Carbon Smart Health AIoT Operations and Maintenance System, zero-carbon building technology consultation, and AIoT digital operations support. The group also engages in hotel management and commercial operations, all integrated under ISO and GB/T certified management systems for quality, environment, and occupational health and safety.

Differentiator

Problem solved

Functional benefit

Brands

• 中宏低碳 (Zhonghong Low Carbon): Technology company specializing in low-carbon building technology, green building consulting, and digital intelligent operations and maintenance services.

Products and services

• Residential Property Development

Quantifiable outcome

• 92% energy efficiency achieved in ultra-low energy buildings (vs 75% standard)
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Jiangsu Fengcai Energy Saving Technology Co., Ltd. (江蘇豐彩節能科技有限公司)minorStrategic or Co-development Partner · 1 March 2023Lead editor of Jiangsu Province 'Technical Specification for Ultra-Low Energy Buildings'. COGOGL subsidiary Shenzhen Zhonghong Low-Carbon Building Technology participates as co-editor.
• China Architecture Design & Research Group (中國建築設計研究院有限公司)coreStrategic or Co-development Partner · 1 September 2022Lead organization for national key R&D program 'Key Technology Research and Demonstration for Healthy Residential Environment Monitoring and Evaluation' under the 14th Five-Year Plan. COGOGL participates in subtask 5.
• Shanghai Jiao Tong University (上海交通大學)coreStrategic or Co-development Partner · 1 September 2022Partner in national key R&D program on healthy residential environment monitoring technology. University brings expertise in architecture, environment, information technology, and public health.
• Qingdao Haier Group (青島海爾集團)coreStrategic or Co-development Partner · 1 September 2022Partner in national key R&D program on healthy residential environment monitoring technology. Contributes smart home and appliance expertise.
• China Building Science Research Institute Co., Ltd. (中國建築科學研究院有限公司)coreStrategic or Co-development Partner · 20 January 2022Co-editor of the national standard 'Technical Specification for Ultra-Low Energy Residential Buildings' (超低能耗居住建築技術規程). Leading research institution in building science and green construction standards.
• China Overseas Land & Investment Limited (COLI, 中國海外發展有限公司)coreStrategic or Co-development Partner · 29 December 2016Acquisition of property portfolio from controlling shareholder COLI for RMB 3,518.6 million. Portfolio includes approximately 9.5 million sqm GFA of residential property development projects in seven emerging cities. This marked a significant expansion of COGOGL's land bank and market presence.
• Xihua Investment Group Co., Ltd. (錫華投資集團有限公司)minorStrategic or Co-development Partner · 3 February 2012Joint land acquisition in Ganzhou, Jiangxi province. COGOGL holds 88% attributable interest. Total land area of 1.4 million sqm with RMB 1.1 billion land premium.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Logan Group Company Limited: Chinese developer with strong tier 2/3 city focus and residential/commercial portfolio. Comparable for geographic strategy targeting China's emerging cities, currently undergoing restructuring.
• China Evergrande Group: Formerly China's largest residential developer with massive tier 2/3 city footprint. Comparable in scale and Chinese mainland focus, though representing the distressed private-sector counterpart to SOE-backed COGOGL.
• Longfor Group Holdings Limited: Diversified Chinese property developer with residential, commercial, and rental housing operations across multiple tiers. Comparable for mixed-use development strategy and recurring commercial property income alongside residential sales.
• China Resources Land Limited: Large Chinese state-backed developer focused on residential and commercial property in tier 1 and tier 2 cities. Directly comparable as a major SOE real estate developer with diversified portfolio and similar ESG positioning in mainland China.
• Greenland Hong Kong Holdings Limited: Subsidiary of state-owned Greenland Holdings, focused on Chinese property development including residential and commercial projects. Comparable as a state-backed developer with multi-city Chinese mainland exposure.
• China Vanke Co., Ltd. One of China's largest residential developers with significant tier 2/3 city exposure and SOE ties (Shenzhen Metro). Closely comparable business model of residential property development targeting urban buyers across China.
• China Jinmao Holdings Group Limited: SOE-backed (Sinochem) Chinese property developer focused on mid-to-high-end residential and commercial projects. Comparable as an SOE-aligned developer with similar geographic diversification across Chinese cities.
• Country Garden Holdings Company Limited: Major Chinese developer historically focused on tier 3/4/5 cities. Most directly comparable in geographic strategy of penetrating lower-tier Chinese cities, though currently in significant financial distress.

Broad incumbents

• Poly Developments and Holdings: Largest Chinese SOE property developer by sales, with extensive residential development across mainland China. Comparable for SOE-backed scale and strategy, though operating at a materially larger size than COGOGL.
• China Overseas Land & Investment Limited: Parent company of COGOGL and one of the largest Chinese property developers. Operates in the same real estate development sector with a broader tier 1/2 city focus and significantly larger scale, making it both the controlling shareholder and the most direct strategic comparable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/china-overseas-grand-oceans-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 China Overseas Grand Oceans Group