Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project

Shui On Land is the flagship real property development business of the Shui On Group, a building-materials plus building firm founded by Hong Kong billionaire Vincent Lo.

Hong Kong-listed property firm Shui On Land has already introduced that its branch, Shanghai Ruilou Enterprise Management, has definitely developed a joint move with state-owned enterprise Shanghai Pucheng to perform a redevelopment project at Pujiang Community, in the Minhang district of Shanghai, China.

The Shui-On Land-Shanghai Pucheng joint venture will undertake the redevelopment of property parcels situated in Pujiang Town, which extend to Jiageng Roadway to the east, Yaojia Bang to the south, Huichi Roadway to the west, and Xiaoyan Lake to the north.

Newport Residences condo floor plan

She accentuate that the group has certainly additionally embarked on an additional large-scale city restoration job in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi venture is a solid testament to the group’s abilities in the urban-village improvement, giving us confidence in the near future leads of the Zhaojia Lou venture,” Wang adds.

The project will view the redevelopment of Zhaojia Lou Ancient Community, a place that has actually been identified by the Shanghai community government for rehabilitation. Understood for its canals and even ancient water communities, it is a well-known tourist place. In 2015, it was ranked an AAAA tourism spots by Chinese authorities, meaning the location draws in over 500,000 guests each year. Found next to the Shanghai Shenjiahu Expressway as well as the Shanghai North-South Raised Road, the area is flanked by two metro lines.

According to an April 20 news release by Shui On Land, the new project will certainly feature residential, commercial and secondary facilities. The shared venture is expected to preserve the one-of-a-kind background and even culture of Pujiang Community, while redeveloping it right into a “new site of Shanghai”.

“Over the past thirty years, Shui On Land has indeed developed a solid footing in Shanghai and participated in renovation projects with proven abilities in master preparation, ethnic security, community operation along with urban regeneration,” states Jessica Wang, Chief Executive Officer of Shui On Land.

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