|
 |
|
|
|
 |
 |
|
|
 |
Central
Region
| Wuhan |
|
Highlights |
The State¡¯s approval of Wuhan¡¯s city group as the Comprehensive Reform Experimental Zone for ¡°Resource Savings and Environmental Friendly Society¡± is an important measure in implementing ¡°The Rise of the Central Region¡± strategy of the Central Government. As the key city of the city group, Wuhan has taken this opportunity for speeding up its development. In 2007, it recorded a GDP of over RMB300 billion for the first time. Key infrastructure projects also achieved substantial results. In particular, Terminal Two of Wuhan Tianhe Airport has been completed and commenced operation, making Tianhe Airport the fourth largest air transportation hub in Mainland China after Beijing, Shanghai and Guangzhou.
|
| Property
Portfolio |
There are four major property projects under development with total GFA of 2,149,910 sq.m.. A saleable GFA of 250,504 sq.m. was completed during the year. We expect to build 256,487 sq.m. GFA in FY2009 and 282,922 sq.m. GFA in FY2010.
|
| Investment Properties |
There are five completed investment properties with total GFA of 428,797 sq.m.. During the period under review, Wuhan New World Centre office tower achieved an occupancy rate of about 70%, while the retail portion has been fully leased.
New World Hotel Wuhan, the five-star hotel in Wuhan New World Centre, commenced operations in April 2008, and is managed by New World Hotel Management Limited. With a total of 27 storeys and 327 gracefully-decorated and spacious rooms and suites, the hotel provides guests with high-quality services.
Wuhan New World International Trade Towers, the only Grade A office building available for lease on Wuhan financial street, has maintained an overall 95% occupancy rate.
|
| Completion Schedule |
| |
|
sq.m. |
| FY2008 |
|
|
| Wuhan Changqing Garden Phase VI |
Residential, Commercial |
194,818 |
| Wuhan Xin Hua Garden Phase IV |
Residential, Commercial, Carpark |
|
| Wuhan New World Centre |
Hotel |
38,058 |
| |
Total 295,865 |
| |
|
|
| FY2009 |
|
|
| Wuhan Changqing Garden Phase VII |
Residential, Commercial, Carpark |
168,545 |
| Wuhan Menghu Garden Phase III |
Residential |
15,660 |
| Wuhan Xin Hua Garden Phase IV |
Residential, Carpark |
61,233 |
| Wuhan New World Centre ¡ª supporting facilities |
Commercial |
11,049 |
| |
Total 256,487 |
| |
|
|
| FY2010 |
|
|
| Wuhan Changqing Garden Phase VII |
Residential |
214,803 |
| Wuhan Menghu Garden |
Residential |
59,340 |
| Wuhan New World Centre ¡ª supporting facilities¡@ |
Carpark |
8,779 |
|
|
|
|
|
|
|
Total 282,922 |
|
|
|
|
|
| Changsha |
| Highlights |
In late 2007, the State approved Changsha-Zhuzhou-Xiangtan city group as the Comprehensive Reform Experimental Zone for ¡°Resource Savings and Environmental Friendly Society¡±. Changsha has taken this opportunity to propose the establishment of Hexi area as a demonstrative model of this Experimental Zone, providing a new development opportunity for Yuelu District at Hexi. In June 2008, three towns originally regarded as part of Wangcheng County was duly put under the jurisdiction of Yuelu District, making Yuelu District the administrative region with the largest area and population in Changsha. |
| Property
Portfolio |
There is one major property project under development with total GFA of 1,211,342 sq.m.. A saleable GFA of 80,685 sq.m. was completed during the year. We expect to build 220,966 sq.m. GFA in FY2009. |
| Completion Schedule |
| |
|
sq.m. |
| FY2008 |
|
|
| Changsha La Ville New World Phase
I |
Residential |
80,685 |
| |
Total 80,685 |
| |
|
| FY2009 |
|
|
| Changsha La Ville New World Phase
I |
Residential, Commercial, Carpark |
|
| |
Total 220,966 |
|
|
|
|
|
|