China Projects-Real Estate

CP00670 Comprehensive Development Of Scenic Spot

CP00670

Comprehensive Development Of Scenic Spot

Project Content and Scale

The main task is to build hill- lake ecological villa, holiday beaches, hotels, and sightseeing residential areas by the lakeside, ecological islands and gulf recreational facilities to realize the organic union of comprehensive functions including sports, accommodation, entertainment and residency.

Market Analysis

The scenic spot is 6 km away from the downtown and covers an area of 11.2 km2 with waters coverage of 4 km2. It is the biggest and best natural park with finest preservation of waters in the city. The scenic spot, containing a Forest Park with beautiful and attractive views, is to be built into a garden style scenic spot with the characteristic of the south.

There is a great demand for house in the cit where the spot located and its neighborhood areas. The low price of the land in the development zone lowers the cost of construction. Successful overseas investors who are natives of the city, overseas Chinese from Hong Kong , Macao and Taiwan and foreign investors require a lot for premium quality houses in the development zone. the project of comprehensive development of the Scenic Spot will benefit the wealthy neighborhood with a population of about 300 million.

It can be predicted that the implementation of the scenic spot project will represent a comprehensive water scenery area in a natural park providing people with multifunctional service such as commercial housing, entertainment, recreation, education and exploration and so on. It will be the main traveling and entertainment place for both the residents and the tourists in and around the city.

Investment Estimation

The total investment on this project amounts to RMB 1.66 billion Yuan (approximately equal to US$ 0.2 billion).

Project Progress

The planning draft has been worked out and the first stage of the item has begun, including 53.33 hectares of comprehensive commercial housing development. The land auction will be carried out in March, 2005.

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