Kaisa Group Holdings (HKSE:01638) Construction In Progress: HK$343 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Kaisa Group Holdings Construction In Progress?

Kaisa Group Holdings HKSE:01638 +4.88% Construction In Progress is HK$343 Mil as of Dec. 2025. The stock has 6 warning signs investors should review.

Kaisa Group Holdings's quarterly construction in progress declined from Dec. 2024 (HK$329 Mil) to Jun. 2025 (HK$0 Mil) but then increased from Jun. 2025 (HK$0 Mil) to Dec. 2025 (HK$343 Mil).

Kaisa Group Holdings's annual construction in progress increased from Dec. 2023 (HK$193 Mil) to Dec. 2024 (HK$329 Mil) and increased from Dec. 2024 (HK$329 Mil) to Dec. 2025 (HK$343 Mil).

Kaisa Group Holdings Construction In Progress Historical Data

* Premium members only.

The historical data trend for Kaisa Group Holdings's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kaisa Group Holdings Construction In Progress Chart

Kaisa Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 253.67 199.10 193.29 328.61 342.99

Kaisa Group Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 193.29 0.00 328.61 0.00 342.99

Kaisa Group Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of HK$343 Mil mean?
Kaisa Group Holdings (HKSE:01638) has a Construction In Progress of HK$343 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Kaisa Group Holdings and its competitors.
Is Kaisa Group Holdings' Construction In Progress too high?
Kaisa Group Holdings' current Construction In Progress is HK$343 Mil.
How does Kaisa Group Holdings' Construction In Progress compare to competitors?
Kaisa Group Holdings' Construction In Progress of HK$343 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Real Estate company?
A good Construction In Progress depends on the Real Estate industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Kaisa Group Holdings and its competitors. Kaisa Group Holdings's current Construction In Progress is HK$343 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaisa Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kaisa Group Holdings (HKSE:01638) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.04 — trading 14% below its estimated fair value. The current Construction In Progress is HK$343 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Kaisa Group Holdings (HKSE:01638), the current Construction In Progress is HK$343 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Kaisa Group Holdings Business Description

Other Exchanges KG5:Germany
Address Ren Min South Road, Room 3306, Kerry Center, Luohu District, Guangdong Province, Shenzhen, CHN
Kaisa Group Holdings Ltd is an integrated property developer focusing on urban property development. Its portfolios include residential properties, villas, offices, serviced apartments, combined commercial buildings, and mega-urban complexes. It operates its business in seven segments: Property development; Property investment; Property management; Hotel and catering operations; Cultural centre operations; Healthcare operations; and others. The majority of the revenue was earned from the Property development segment. Geographically, the company derives almost all of its revenue from PRC.