The Zhongshan GDH City Project is located at the starting area of Tsuihang New District, Zhongshan City, the PRC, with a site area of approximately 98,811 sq. m. and a maximum total GFA included in the calculation of the plot ratio of approximately 247,028 sq. m. The project is planned for town residential use. Sitting in the core centre of the Greater Bay Area, the project is the bridgehead at the west bank of the Pearl River connecting to the Shenzhen Zhongshan Bridge. It therefore undergoes a rapid development and generates increasing market demand. With a superior seaview, the project will enjoy rich environmental landscape resources. Coupled with the plan to perfecting the region by education, medical and commercial facilities, the project is suitable to be developed as a low-density, ecological and quality residential community. With the significant advantage in terms of location, industries and transportation resources, the project enjoys promising market prospects. The project is being developed in phases. As at 31 December 2021, the superstructure of each phase of the properties was under construction. The filing for completion of construction of the whole project is expected to be made in 2023. The pre-sale of properties of the first phase development commenced in September 2021, with the project promoted as Zhongshan GDH City (中山粤海城).
Properties Held for Sale under Development and Investment Properties under Development
|Property project||Location||Use||Interest held by the Group||Approximate total site area (sq. m.)||Approximate GFA* (sq. m.)||Progress||Expected completion and filing date|
|Zhongshan GDH City Project||Zhongshan City, the PRC||Residential||97.64%||98,811||247,028||Superstructure construction works of each phase of the properties in progress||2023|
*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 included in calculation of plot ratio (sq. m.)||Approximate GFA contracted||The proportion of accumulated GFA contracted to GFA available for sale||Date of pre-sale|
| First quarter of 2022 |
|Zhongshan GDH City Project||Zhongshan City, the PRC||Residential||97.64%||247,028||1,686||19,063||7.7%||September 2021|