Jiangmen Ganhua Project

The Jiangmen Ganhua Project is located at the east of Ganbei Road, Pengjiang District, Jiangmen City, Guangdong Province, the PRC. The parcels of land of the project will be constructed properties which will have an aggregate gross floor area of approximately 438,197 sq. m. The project mainly holds three adjourning parcels of land with a total GFA of approximately 396,600 sq. m. (i.e. Land No. 3 - 5). The land has been approved for city and town residential and other commercial and service uses. In addition, there is a parcel of land adjacent to the Land No. 3 − 5 with a GFA of approximately 41,597 sq. m. (i.e. Land No. 6), which has been approved for medical and health, and commercial service uses; and subject to the approval of the relevant government authorities in accordance with the policy of "Three Olds" Renovation (「三舊」改造) in relation to, among others, the resettlement of the residents. 

The project is located in a traditional old town district in Jiangmen City with high density population and a convenient transportation network. It is also adjacent to Xi River, connects to the Chaolian Talent Island and is accessible to five parks nearby, providing a quality living environment with an excellent river scenery.

The project is being developed in three phases. As at 30 June 2022, the superstructure of all properties on Land No. 3 was topped out and the renovation works were in progress; and the superstructure of some properties on Land No. 4 was topped out and the construction works of the superstructure of other properties were in progress. The filing for completion of construction of the whole project is expected to be made in December 2026. The pre-sale of properties of the first phase development commenced in May 2021, with the project promoted as Jiangmen GDH City (江門粤海城).
江门粤海城.jpg

Completed Properties Held for Sale

Property project Location Use Interest held by the Group Approximate GFA of project
(sq. m.)
Accumulated GFA contracted
(sq. m.)
Approximate GFA delivered The proportion of accumulated GFA delivered to GFA available for sale

First three quarters of 2022
(sq. m.)

Accumulated
(sq. m.)

Jiangmen Ganhua Project
(Land No. 3)

Jiangmen City,
the PRC
Residential 51% 119,606 42,339- - -

Properties Held for Sale under Development

Property project Location Use Interest held by the Group Approximate total site area
(sq. m.)
Approximate GFA included in calculation of plot ratio*
(sq. m.)
Progress Expected completion and filing date
Jiangmen Ganhua ProjectJiangmen City,
the PRC
Land No.4-5:Residential/ Commercial51% 133,764 270,569Superstructure of some properties on Land No. 4 topped out, and renovation and masonry works in progress; Land No. 5 to be developed2026
Land No.6: Medical and health/ Commercial18,11541,597/
*Note: Including the project's common area and area transfer to the government.

Properties Held for Sale under Development which Pre-sale has Commenced

Property project Location Use Interest held by the Group Approximate GFA available for sale
(sq. m.)
Approximate GFA contracted The proportion of accumulated GFA contracted to GFA available for sale Date of
pre-sale

First three quarters of 2022
(sq. m.)

Accumulated
(sq. m.)
Jiangmen Ganhua Project
(Land No. 4)
Jiangmen City,
the PRC
Residential/ Commercial 51% 205,078 1,615 3,832 1.9% September 2021