Sundart Holdings

What Sundart Holdings does

Sundart Holdings Limited (承達集團有限公司) is one of the leading integrated fitting-out contractors in Hong Kong, Macau, Mainland China, and Singapore, specialising in professional interior fitting-out works for hotel, residential property, and commercial building projects. Founded in 1986 and listed on the Hong Kong Stock Exchange (Stock Code: 1568) in December 2015, the company operates through wholly-owned regional subsidiaries in Hong Kong (since 1996), Mainland China (since 2003, via Beijing Sundart), Macau (since 2005), and Singapore (since 2021). It is controlled by Jangho Group (Shanghai Stock Exchange, 601886), a curtain wall and interior decoration conglomerate founded by Liu Zaiwang.

The company's core service offering covers the full project lifecycle for fitting-out works — from project design management and procurement to labour execution and technical oversight. Sundart supplements this contractor business with in-house manufacturing of interior decorative materials through its Dongguan Sundart facility in China, which has approximately 90,000 square metres of production space and holds AWI Qualified Enterprise, FSC Chain-of-Custody, and ISO certifications. The manufactured materials are consumed internally on Sundart's projects and also sold to third parties via trading subsidiaries (Sundart International, Sundart International Macau). Marquee customer references include Marina Bay Sands (Singapore), MGM Cotai, The Londoner Macao, Ritz-Carlton Macao, The Peninsula Hong Kong, Rosewood Beijing, JW Marriott Marquis Shanghai, and Shangri-La Qiantan Shanghai.

Sundart's business model is project-based B2B contracting, with revenue generated through competitive tendering for property developers, hotel operators, casino operators, and main contractors. Pricing is determined per-project through competitive bid processes rather than published tiered pricing. In FY2025 the company completed 106 fitting-out projects with total contract value of HK$5,491.4 million, generating reported revenue of HK$5,135.8 million (down 14.4% from HK$5,996.8 million in FY2024). The company continues to operate recurring continuing connected transactions with its Jangho Group parent for business cooperation, materials supply, and framework agreements, and has expanded its Singapore footprint through holding the highest-grade BCA interior decoration contractor licence (CR06-L6).

Name

Sundart Holdings

Legal name

Sundart Holdings Limited

Website

https://sundart.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sundart Holdings is an integrated fitting-out contractor serving hotel, residential, and commercial building projects across Hong Kong, Macau, Mainland China, and Singapore. Backed by Jangho Group, it combines on-site interior fit-out services with in-house decorative material manufacturing from its Dongguan facility.

Ownership category

akta.pro rank

Product category

Interior Fitting-Out Contracting

NAICS

Building Finishing Contractors (2383)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Joinery, Millwork & Casework Installation (Cabinetry, Built-Ins) (IMAFANAJ)

Keywords

• Interior fitting-out services
• Hotel renovation works
• Commercial building interiors
• Decorative materials manufacturing
• Construction contracting services

Headquarters

HQ city

Kwun Tong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fitting-out Business: The company provides professional fitting-out works for residential properties, commercial buildings, and hotel projects. This is the primary revenue stream, involving project-based contracts for interior construction and renovation.
2. Manufacturing, Sourcing and Distribution of Interior Decorative Materials: Through Dongguan Sundart, the company manufactures interior decorative materials in Dongguan, China. Products are sold directly in China or through trading subsidiaries (Sundart International or Sundart International Macau) for sales outside China.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Sundart Holdings is one of the leading integrated fitting-out contractors in Hong Kong, Macau and mainland China, providing professional fitting-out works for residential property, commercial building and hotel projects. The company delivers end-to-end project services covering project management, materials procurement, skilled labor and technical expertise, and also manufactures interior decorative materials through its Dongguan facility in China for sale domestically and internationally.

Product overview

Sundart Holdings operates as an integrated fitting-out contractor offering a unified service model combining interior decoration engineering services with manufacturing and distribution of interior decorative materials. The core fitting-out business handles projects for hotels, residential properties, and commercial buildings across Hong Kong, Macau, Mainland China, and Singapore. The manufacturing division produces interior decorative materials through Dongguan Sundart, which are sold domestically and internationally. Regional subsidiaries including Beijing Sundart, Sundart Macau, and Sundart Singapore provide localized service delivery. The company manages the full project lifecycle from design to completion, providing materials, labor, technical expertise, and project management.

Differentiator

Problem solved

Functional benefit

Products and services

• Fitting-out Business

Quantifiable outcome

• 106 fitting-out projects completed in 2025 with total contract value of HK$5,491.4 million
• +1 more outcomes

Named customers19 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• China State Construction Engineering Corporation Limited: Largest state-owned construction group in China with broad capabilities in building, infrastructure and interior decoration. Operates as a broad incumbent offering overlapping fit-out capabilities as part of a much wider construction portfolio.
• China State Construction International Holdings Limited: Hong Kong-listed subsidiary of CSCEC providing construction, interior fit-out and curtain wall works across Hong Kong, Macau and overseas. Larger incumbent with adjacent fitting-out capabilities and direct overlap in Sundart's core geographies.

Regional players

• Lum Chang Holdings Limited: Malaysia-headquartered construction group with Singapore presence providing building construction and interior fit-out. Comparable regional contractor competing in adjacent Southeast Asian markets to Sundart's Singapore operations.

Direct peers

• ATAL Engineering Group: Singapore-listed engineering and construction group with multi-disciplinary building services and interior fit-out capabilities. Closely comparable to Sundart's Singapore subsidiary, both targeting premium commercial and hospitality clients in the region.
• Paul Y. Engineering Group Limited: Hong Kong-listed contractor providing building construction and fitting-out works across Hong Kong, Mainland China and Macau. Directly comparable to Sundart as a regional competitor in interior fit-out and general building works for commercial, hotel and residential projects.
• Hip Hing Construction Company Limited: Major Hong Kong construction contractor and subsidiary of New World Development, active in building construction and interior fitting-out across Hong Kong and Macau. Direct regional peer for large commercial and hotel projects.
• Yau Lee Construction Holdings Limited: Hong Kong-listed construction contractor providing building construction, fitting-out and renovation works in Hong Kong, Mainland China and Macau. Overlapping customer base in commercial, hotel and residential fit-out.
• Build King Holdings Limited: Hong Kong-listed construction group with significant interior fitting-out and building services operations in Hong Kong and Mainland China. Competes with Sundart for hotel, commercial and residential fit-out tenders in the same core geographies.
• Tiong Seng Holdings Limited: Singapore-listed construction group providing building construction and interior fitting-out services in Singapore and the region. Direct peer for the Singapore leg of Sundart's business, serving commercial and hospitality clients.

Others

• Jangho Group Co., Ltd. Shanghai-listed parent company of Sundart Holdings (SSE: 601886), specializing in curtain walls, interior decoration and design. Parent-controlled and thematically related but addresses different project scales and geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sundart-international-holdings-limited

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

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 Sundart Holdings