Buildings for Tomorrow s Communities

Transcription

1 Lot 688, Nanjing Road West, Shanghai Buildings for Tomorrow s Communities The key to a successful physical environment is the human element. Ideal architectural and urban form is not simply the result of established styles, it is a combination of function, of optimum structures, that address the needs of society and inspire all who enter or pass by. Paul Norikata Tange President / Principal Architect Tange Associates

2 2007 Highlights The Group s share of land area increased from last year s 14.5 million to 36.7 million square feet in ten high-growth mainland cities, providing total developable gross floor area of million square feet Encouraging response received for the sale of Hengli Wanpan, a residential development in Guangzhou Investment property portfolio is set to grow with a balanced mix of usage During the year, the Group made significant progress in its land acquisition programme in mainland China. By way of auction, strategic co-operation and acquisition, at the end of August 2007 the Group had a vast development landbank in mainland China with an attributable land area of approximately million square feet, a substantial Property under development or held for future development increase of 154% over the previous year, which will provide for the Group a total developable gross fl oor area of million square feet. By adhering to stringent site selection criteria, all these newly added development sites are reasonably priced and of manageable size which will allow quicker return as they are all available for immediate development. Group s share of developable gross floor area* (million square feet) Beijing 2.1 Shanghai 2.3 Guangzhou & Pearl River Delta 17.6 Changsha 9.5 Xuzhou 5.3 Xian 21.0 Shenyang 21.2 Chongqing 6.8 Suzhou 15.0 Yixing 0.7 Total: * Excluding the area for basements 61

3 Usage of development land bank Developable gross floor area (million square feet) Percentage Residential Commercial Offi ce Others (including clubhouse, school and community facility) Total: % In a nutshell, the total land cost for the Group s site acquisitions in mainland China since 2006 was approximately RMB10,000 million, whilst the total investment for the property development projects involved would amount to RMB25,000 million. Apart from these existing projects, acquisition of another 50 million square feet of developable fl oor area is under negotiation, for which agreements have been reached. With the probable completion of the formalities for the land acquisition by the end of 2007, the Group s landbank in mainland China will increase to about 150 million square feet. in Mainland China Heilongjiang Jilin Xinjiang Liaoning Nei Mongol Beijing Hebei Ningxia Shanxi Shandong Qinghai Gansu Shaanxi Henan Xizang Sichuan Hubei Anhui Zhejiang Shanghai Chongqing Guizhou Hunan Jiangxi Fujian Yunnan Guangxi Guangdong Taiwan Hainan 62

4 Highlights of Major Projects in Mainland China Prime Cities Beijing Beijing : World Financial Centre Gross Floor Area (sq ft) : 2,100,000 Shanghai Shanghai : Lot 688 Nanjing West Road West Gross Floor Area (sq ft) : 700,000 : Tianmu Road West Gross Floor Area (sq ft) : 400,000 : 147 Tianmu Road West Gross Floor Area (sq ft) : 400,000 : Lot No. 155, Nanjing Road East Gross Floor Area (sq ft) : 700,000 Guangdong Guangzhou & Pearl River Delta : Hengli Wanpan Group s Interest : 80% Gross Floor Area (sq ft) : 1,700,000 Highlights of Major Projects in Mainland China Second-tier Cities Changsha Hunan Changsha, the capital city of Hunan province in Southcentral China, is rich in both agricultural products and natural resources. Changsha is one of China s most economically advanced cities and has attracted signifi cant foreign investment. In 2006, the city became the first among its six provincial counterparts to host a Trade and Investment Expo designed to attract further inward investment by enterprises from overseas and from the coastal regions of the country. : The Champion Arch Group s Interest : 91% Gross Floor Area (sq ft) : 7,100,000 : Kaifu District Gross Floor Area (sq ft) : 2,500,000 63

5 Highlights of Major Projects in Mainland China Second-tier Cities Xuzhou Xuzhou, a city in Northwestern province, is known for its convenient location as a transportation hub. The city has expressways and railway links connecting directly to the provinces of Henan and Shandong, the neighbouring port city of Lianyungang, as well as the economic hub Shanghai. : Xuzhou New Town Gross Floor Area (sq ft) : 5,200,000 Xian Shaanxi As the capital city of Shaanxi province, Xian has been a political and commercial centre for many dynasties. With an immense history, Xian is widely considered to be one of the four great ancient capitals of China. It is also renowned for being the eastern terminus of the Silk Road, the ancient transcontinental trading route. Xian is the largest industrial and trading centre in the mid-west and northwest regions of China. In recent years the city has been playing a key role in the mainland s West China development programme which is aimed at boosting the region s growth. Urban infrastructure projects, such as major subway development, are progressing steadily. : Chan River Group s Interest : 50% Gross Floor Area (sq ft) : 16,800,000 : Second Ring Road East Gross Floor Area (sq ft) : 4,200,000 Shenyang Liaoning Shenyang is the capital city of Liaoning Province in Northeast China and is an important industrial centre. The city has a long history as a political, economic and cultural centre dating back to the Qing Dynasty, as it was the cradle for Manchu. Surrounded by abundant natural resources, Shenyang was one of the fi rst Chinese cities to become industrialized. Since 2003, the mainland has adopted a policy to revitalize Northeast China which is resulting in Shenyang being transformed from a state planned industrial area into the region s foremost industrial powerhouse. : Puhe New District Development Gross Floor Area (sq ft) : 15,500,000 : Shenyang IFC Gross Floor Area (sq ft) : 5,700,000 64

6 Highlights of Major Projects in Mainland China Second-tier Cities Chongqing Chongqing Chongqing is the largest and most populous of China s four provincial-level municipalities after Beijing, Shanghai and Tianjin, and the only one in the less densely populated western half of the country. In 2007, the city was chosen as one of only two cities to concertedly develop a progressive and cohesive balance between its urban and rural areas. These reforms should enable rural farmers and migrant workers to enjoy the same rights, public services and living conditions as urban residents do, and are expected to hasten the urbanization and industrialization of Chongqing. : Nan an District Riverside Development Gross Floor Area (sq ft) : 4,100,000 : Erlang Pheonix Area Gross Floor Area (sq ft) : 2,800,000 Suzhou Suzhou is a city on the lower reaches of the Yangtze River and on the shores of Lake Taihu in the province of, Eastern China. The city is a tourism hub, renowned for its historical and cultural heritage, as well as its natural beauty which has served to inspire many prominent fi gures including the renowned architect, I.M. Pei. Located in the heart of Yangtze River Delta approximately only 80 km from Shanghai, Suzhou is becoming increasingly attractive to investors with the offi ces of many multinational organisations now located there. : Xiangcheng District Gross Floor Area (sq ft) : 15,000,000 Yixing Yixing is a city in province and lies midway between Shanghai and Nanjing, the capital city of province. The city is famous for its purple clay and artistry in teaware, which have featured prominently in international tea culture for many centuries. : Yicheng Gross Floor Area (sq ft) : 700,000 65