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| Shimao Property acquires land in Dalian City Chinese developer Shimao Property acquired a prime site alongside Longhe River in Lvshunkou district, Dalian, Liaoning Province at a consideration of RMB 1.65 billion. Located at the southmost of the Liaodong Peninsula in Northeast China, the city of Dalian is the most important gateway to Northern China and a harbourfront with a combination of harbour, trading, industry, tourism. Lvshunkou district, which is governed under the jurisdiction of the city of Dalian, is a scenic spot area at national level. Longhe River, flowing through the old city of Lvshun and the new and the old regions, becomes an important part of Lvshun in the development of the city and its economy. The aggregated planned GFA of the land site is 1.6 million sq.m., and is designated to be developed into a complex that integrates international conference centres, five-star hotels, shopping malls, commercial streets and high-end residential properties. The residential properties, which accounts for 80% or above of the whole project, exhibit an enormous commercial potential and immense room for development, further ameliorating and strengthening the comprehensiveness of Dalian. write your comments about the article :: © 2008 Construction News :: home page |