The property and carpark management segment comprises, the sub-leasing business and the property management service business which provides management services to residential and commercial properties. CP Parking Limited was established in 1997 under the name of Sino Pacific Management Limited. In 2003, it was acquired by the Group and its name was changed to CP Management Limited for running car park and property management business. In 2006, its Chinese name was changed to 建盈停車場有限公司 and is mainly focused on the car park management business. CP Parking Limited has a long history in property management and is very experienced in the field. As at October 2022, the Group managed 23 car parks with 2,072 parking spaces.