DOCSLIB.ORG

Briefing Office Sector February 2015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Briefing Office Sector February 2015 Savills World Research Shanghai Briefing Office sector February 2015 Image: Shanghai Skyline SUMMARY Shanghai’s office market is expected to undergo a remarkable transformation over the next two years as the city experiences peak supply levels and the coming of age of the decentralised market, spearheaded by schemes such as the Hongqiao Transportation Hub. Lujiazui Century Financial Plaza Gross reversionary yields increased Tower 1 and Oriental Financial Centre to 6.0% in Q4/2014, as a handful of were launched onto the market in investment funds came to the end of Q4/2014, adding 187,500 sq m and their fund life. bringing annual supply to 523,000 sq m. 2015 is expected to see an influx “Landlords will have to become Net take-up totalled 126,000 sq m in of supply, with the completion of 15 Q4/2014, bringing total annual take-up projects adding 886,500 sq m of space more accommodative towards to 457,300 sq m, up from 323,000 sq m to the core market. in 2013. tenants moving forward, Sky SOHO and MTR City Plaza were Core vacancy rates increased by 0.8 launched into the decentralised market as new supply generates of a percentage point (ppt) quarter-on- in Q4/2014, adding 242,000 sq m. Total quarter (QoQ) to 8.6%, up 0.4 of a ppt supply witnessed in 2014 was 731,000 renewed competition.” year-on-year (YoY). sq m, bringing total stock to 1.29 million sq m. James Macdonald, Savills Research Average rents increased by 0.3% QoQ to RMB8.6 per sq m per day, up The decentralised market is expected 1.8% YoY. to receive 22 projects in 2015, adding 1.61million sq m to the market. savills.com.cn/research 01 Briefing |Shanghai office sector February 2015 Market commentary GRAPH 1 Core market Grade A office supply, take-up and vacancy rate, The core office market received Lujiazui Century Financial Plaza Tower 2000–2014 STV Chart EN (2) 1 and Oriental Financial Centre (OFC) in Q4/2014, adding 187,500 sq m. In Supply (LHS) Take-up (LHS) Vacancy (RHS) 2014, eight projects were launched 900 18% onto the core market, adding 523,000 800 16% sq m. These projects were evenly 700 14% distributed between Puxi / Pudong and also prime / non-prime locations. 600 12% 500 10% Net take-up reached 126,000 sq m 400 8% in Q4/2014, 50% higher than the sq'000 m third quarter, and primarily focusing 300 6% on recently launched projects in 200 4% prime Puxi. Domestic financial and 100 2% professional services companies continued to be the main demand 0 0% drivers in 2014, taking up significant space in Lujiazui and prime Puxi. This Source: Savills Research trend is set to continue as measures Page 1 put in place to develop these sectors in 2014, Puxi received ample coming onto the market in these persist. supply of high quality projects at decentralisation areas, using these reasonable pricing. Multinational emerging areas as secondary office While Pudong saw limited available corporations (MNCs) took a more space for back-end operations, space and continued rental growth cautious approach to office expansion such as marketing and finance and capital expenditure in 2014, departments; low-cost businesses as they remained uncertain about may also consider these locations GRAPH 2 economic and business prospects. for their entire operations given the Business district comparison, rent vs Nevertheless, as the new economic potential for lower overheads. norms are realised and understood, vacancy rate, Q3/2014RV CBD EN (2) and Q4/2014 MNCs are beginning to look into more Market news Q3 rent (LHS) Q4 rent (LHS) Q3 vacancy (RHS) Q4 vacancy (RHS) business opportunities and office The emergence of the 12 30% space options, whether that be in core decentralised market 10 10.5 25% or decentralised locations. Shanghai is witnessing the evolution 10.2 10.5 9.9 9.7 9.7 of its office market. In the past, 8 20% Decentralised more than 90% of the city’s Grade A 7.8 7.7 7.8 7.8 7.1 7.1 6.9 Prior to 2010, only a handful office stock was located within the 6 6.8 15% of developers were looking at inner ring road and Hongqiao areas. 4 10% opportunities within decentralised However, recent office completions RMB psqm per day areas, however, as land within are increasing the proportion of Grade 2 5% core areas became more limited A office stock located outside these 0 0% and expensive, developers started areas. Nanjing Rd Huaihai Rd Old Huangpu Xujiahui Changning 'Little' Lujiazui Pudong (W) (M) Others looking to emerging areas such as Minhang and Yangpu for development The main decentralised areas which Puxi districts Pudong districts opportunities. are witnessing this influx of new Source: Savills Research Page 1 Grade A specification projects include 2014 witnessed the handover of Minhang – primarily the Hongqiao GRAPH 3 a number of these projects that Transportation Hub, Putuo – with were started in 2010 and 2011, with new supply such as MTR Plaza and Core market Grade A office rental around 730,000 sq m added to the Global Harbour, Yangpu –primarily indices, Q2/1999–Q4/2014 decentralised markets, doubling The Springs development by Tishman the amount of stock within these Speyer and Xuhui – with the expected All Prime Puxi Non-prime Puxi Prime Pudong Non-prime Pudong Q2 / 1999 = 100 areas. Decentralised supply in 2014 Greenland Centre. 200 focused largely on Puxi with this 180 expected to continue through into One of the most significant master- 160 140 2015. The Minhang district received planned areas in Shanghai to be 120 the majority of new projects in 2014, developed over the next decade will 100 with Hongqiao Transportation Hub be the Hongqiao Transportation Hub. 80 seeing its first two projects launched. The scheme is located close to the 60 In 2015, Pudong is expected to see most significant intra and intercity 40 the launch of the first decentralised infrastructure in Shanghai, tying in 20 project in two years. the city’s domestic airport with the 0 main high-speed railway terminal, Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Many companies are taking a long distance coach terminal and 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 advantage of the new supply two existing metro lines (line 2 and Source: Savills Research 02 Briefing |Shanghai office sector February 2015 10), one under construction (line 17) The expansion of the FTZ should wanting to be close to Lujiazui but not and a further two under planning prove beneficial to the Zone the FTZ willing to pay the higher rents. (line 5 extension and line 20). The overcoming the stigma associated area plans to attract overseas and with the zone being located so far Net take-up totalled 126,000 sq m in domestic companies from industries away from the city centre. It should Q4/2014, bringing year-to-date (YTD) most crucial to the development of also present an opportunity to the take-up to 457,300 sq m. Lujiazui Shanghai and the Yangtze River Delta areas included in the enlargement, area. both from the actual tangible policy IMAGE 1 benefits and the association with the Nike is a prime example of a FTZ. Proposed enlargement of Shanghai company relocating from a central FTZ office space to a more decentralised The FTZ is still in its early years and premises. Prior to relocation they were further reforms and opening up are occupying roughly 15,000 sq m of expected to continue reaping benefits office space on Nanjing Rd (W); their for companies, areas and landlords new premises is roughly 55,000 sq associated with the zone. m on the new Springs Development in Wujiaochang. The relocation, while Lujiazui Century Financial Plaza Tower moving further away from the city 1 and OFC were handed over in centre, enables them to provide more Q4/2014, adding 187,500 sq m to the space to employees, landscaped core market. A total of eEight projects grounds and room for future were handed over to the core market expansion. The development consists in 2014, totalling over 523,000 sq m, of three office blocks and a five-story with the largest project, at 312,000 sq conference centre to host clients and m, being Lujiazui Century Financial promotional events, as well as an F&B Plaza. The project is located in area, a football pitch and a basketball Zhuyuan district and consists of five court. office buildings. It is the only project launched onto the non-prime Pudong Moving to decentralised locations market since Q3/2012 and has helped may not be for everyone as there are to meet some of the spill overspill advantages and drawbacks to any over demand from companies Source: Savills Research decision. However, the key challenge faced by decentralised locations will TABLE 1 be less about convincing occupiers to move and more about how to best Selection of leasing transactions, Q4/2014 differentiate themselves from all the Area leased other projects scheduled to come Tenant Project Location (sq m) onto the market in the next few years. Uniqlo Henderson Metropolitan Huangpu 4,500 优衣库 China (Shanghai) Pilot Free Trade Wuxi PRA SOHO Fuxing Huangpu 3,000 Zone (FTZ) 康德新药 The China (Shanghai) Pilot Free Trade CICC AZIA Centre Pudong 3,000 Zone was approved by the State 中国国际金融有限公司 Council and officially launched in 2013 Changxin Asset Management One Lujiazui Pudong 2,200 as a platform for the testing of new 长信基金 economic and social reforms.
Load more

Recommended publications
  • Understanding by Design
    UNDERSTANDING BY DESIGN DATE: January 20 - 21, 2018 COST: $100 USD per person TIME: 8:30 a.m. - 4:00 p.m. REGISTRATION DUE: Friday, December 15, 2017 LOCATION: Shanghai American School, Puxi Campus, 258 Jinfeng Road Huacao Town, Minhang District, Shanghai, China 201107 DESCRIPTION How can you design learning experiences that make it much more likely that students will understand content and be able to apply it in meaningful ways? Since 1998, thousands of educators globally, have used the Under- standing by Design (UbD) Framework® to answer that question and create more rigorous and engaging curricula. Workshop participants will apply a set of practical and proven UbD 2.0 tools and templates to create or refine a unit of study. More specifically you will learn to: • Apply the 3-stage “backward design” model for the development of curriculum, assessment, and instruction. • Use essentials questions to frame curriculum and focus on “big ideas”. • Apply processes for “unpacking” standards to establish curriculum priorities and determine content worthy of deep understanding. • Explore six “facets” of understanding and their implications for curriculum, assessment, and teaching. • Apply selected design tools to create authentic performance tasks based on the six “facets”. • Access a large collection of UbD-supportive web based resources. FACILITATORS Jay McTighe Janet Claassen Andrew Miller Fay Leong Jay McTighe is an accomplished author, having co-authored 14 books, including the award-winning and best- selling Understanding by Design series with Grant Wiggins. His books have been translated into 14 languages. Jay has also written more than 36 articles and book chapters, and been published in leading journals, includ- ing Educational Leadership (ASCD) and Education Week.
    [Show full text]
  • 3 Days in Shanghai
    3 Days in Shanghai Contact us | turipo.com | [email protected] 3 Days in Shanghai Shanghai full travel plan. Our 3 days vacaon tour plan in Shanghai, 3 days inerary in Shanghai, the best things to do in Shanghai and around in 3 days: Pudong, Yu garden, The bund and more attractions in Shanghai.., China travel guide. Contact us | turipo.com | [email protected] Warning: count(): Parameter must be an array or an object that implements Countable in /var/www/dev/views/templates/pdf_day_images.php on line 4 Day 1 - Shanghai Contact us | turipo.com | [email protected] Day 1 - Shanghai Dinner 1. Oriental Pearl TV Tower Wu Jiang Lu, Jingan Qu, Shanghai Shi, China, 200085 Duration ~ 1 Hour Lunch 1 Century Ave, LuJiaZui, Pudong Xinqu, Shanghai Shi, China, 200000 Telephone: +86 21 5879 1888 4. Nanjing Road Pedestrian Street Website: www.orientalpearltower.com Duration ~ 2 Hours Rating: 4.5 Nan Jing Lu Bu Xing Jie, Nan Jing Lu, Huangpu Qu, Shanghai WIKIPEDIA Shi, China The Oriental Pearl Radio & TV Tower is a TV tower in Shanghai. Its locaon at the p of Lujiazui in the Pudong New Area by the side of Huangpu River, opposite The Bund, makes 5. People's Square it a disnct landmark in the area. Its principal designers were Duration ~ 1 Hour Jiang Huan Chen, Lin Benlin, and Zhang Xiulin. more.. People's Square, Huangpu, Shanghai, China 2. Kao Shanghai Congyoubing WIKIPEDIA Duration ~ 1 Hour People's Square is a large public square in the Huangpu District of Shanghai. It is south of Nanjing Road and north of Huaihai Century Ave, Pudong Xinqu, Shanghai Shi, China, 200000 Road.
    [Show full text]
  • Regeneration and Sustainable Development in the Transformation of Shanghai
    Ecosystems and Sustainable Development V 235 Regeneration and sustainable development in the transformation of Shanghai Y. Chen Department of Real estate and Housing, Faculty of Architecture, Delft University of Technology Abstract Globalisation has had an increasing impact on the transformation of Chinese cities ever since China adopted the open door policy in 1978. Many cities in China have been struggling with the challenges of urban regeneration created by the restructuring of the traditional economy and increasing competition between cities for resources, investment and business. The closure of docks, warehouses and industries, and the deteriorating position of traditional urban centres not only created problems but also created exceptional opportunities to reshape cities and create new functions. But this kind of process also generates a series of physical, economic and social consequences for cities to tackle. In many cases the problems exceed the capacity of the local community to adapt and respond. This paper examines a number of urban regeneration projects in Shanghai, in the hope of providing a better understanding of the process of urban regeneration in China and how best to ensure that such regeneration is sustainable. The paper reassesses the aims of regeneration, the mechanisms involved in the regeneration process and its physical, economic and social consequences, discusses how to achieve sustainable development in urban regeneration and makes recommendations for future action. 1 Introduction Global market forces and increasing globalisation are clearly playing a role in the transformation of cities and towns. In most countries urban systems are experiencing dramatic changes brought about by economic restructuring, continuous mass migration and the arrival of immigrants.
    [Show full text]
  • 2020 Shanghai Foreign Investment Guide Shanghai Foreign Shanghai Foreign Investment Guide Investment Guide
    2020 SHANGHAI FOREIGN INVESTMENT GUIDE SHANGHAI FOREIGN SHANGHAI FOREIGN INVESTMENT GUIDE INVESTMENT GUIDE Contents Investment Chapter II Promotion 61 Highlighted Investment Areas 10 Institutions Preface 01 Overview of Investment Areas A Glimpse at Shanghai's Advantageous Industries Appendix 66 Chapter I A City Abundant in 03 Chapter III Investment Opportunities Districts and Functional 40 Enhancing Urban Capacities Zones for Investment and Core Functions Districts and Investment Influx of Foreign Investments into Highlights the Pioneer of China’s Opening-up Key Functional Zones Further Opening-up Measures in Support of Local Development SHANGHAI FOREIGN SHANGHAI FOREIGN 01 INVESTMENT GUIDE INVESTMENT GUIDE 02 Preface Situated on the east coast of China highest international standards Secondly, the openness of Shanghai Shanghai is becoming one of the most At the beginning of 2020, Shang- SHFTZ with a new area included; near the mouth of the Yangtze River, and best practices. As China’s most translates into a most desired invest- desired investment destinations for hai released the 3.0 version of its operating the SSE STAR Market with Shanghai is internationally known as important gateway to the world, ment destination in the world char- foreign investors. business environment reform plan its pilot registration-based IPO sys- a pioneer of China’s opening to the Shanghai has persistently functioned acterized by increasing vitality and Thirdly, the openness of Shanghai is – the Implementation Plan on Deep- tem; and promoting the integrated world for its inclusiveness, pursuit as a leader in the national opening- optimized business environment. shown in its pursuit of world-lead- ening the All-round Development of a development of the YRD region as of excellence, cultural diversity, and up initiative.
    [Show full text]
  • The Oriental Pearl Radio & TV Tower 东方明珠 Getting in Redeem Your
    The Oriental Pearl Radio & TV Tower 东方明珠 Getting In Redeem your pass for an admission ticket at the first ticket office, near No. 1 Gate. Hours Daily, 8:00 am-9:30 pm. Address No. 1 Lujiazui Century Ave Pudong New Area, Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, get out from Exit 1 and walk to The Oriental Pearl Radio & TV Tower. Yu Garden (Yuyuan) 豫园 Getting In Please redeem your pass for an admission ticket at the Yuyuan Garden ticket office located on the north side of the Huxin Pavilion Jiuqu Bridge prior to entry. Hours Daily, 8:45 am-4:45 pm. Address No. 218 Anren St Huangpu District, Shanghai Public Transportation Take Metro Line 10 and get off at Yuyuan Station, then walk to Yu Garden. Shanghai World Financial Center Observatory 上海环球金融中心 Getting In Please redeem your pass for an admission ticket at the Global Finance Center F1 ticket window located at Lujiazui Century Ave. Hours Daily, 9:00 am-10:30 pm. Address B1 Ticketing Window, World Financial Center 100 Century Avenue Lujiazui, Pudong New Area, Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, then walk to Shanghai World Financial Center. Shanghai Hop-On Hop-Off Sightseeing Bus Tour 观光巴士 Getting In You must first redeem your pass for a bus ticket at one of the following locations prior to boarding: Nanjing Road Station (New World City Stop): Opposite to New World City, No. 2-88 Nanjing West Road, Huangpu District, Shanghai Bund A Station (Sanyang Food Stop): Beside Sanyang Food, 367 East Zhongshan Road, Huangpu District, Shanghai (near Beijing East Road) Shiliupu Station (Pujiang Tour Terminal Stop): 531 Zhongshan East Second Road, Huangpu District, Shanghai Yuyuan Station (Yongan Road, Renmin Road): Xinkaihe Road, Renmin Road, next to the bus stop in front of the Bund soho.
    [Show full text]
  • The World Bank Urban Transport Policy Prevailing at the Time of Preparation Was Published in 1986
    Document of The WorldBank Public Disclosure Authorized FOR OFFICIALUSE ONLY Report No: 22334 IMPLEMENTATIONCOMPLETION REPORT (IDA-22960) Public Disclosure Authorized ON A CREDIT IN THE AMOUNTOF SDR 44.4 MILLION(US$60.0 MILLION EQUIVALENT) TO TBE PEOPLE'SREPUBLIC OF CHINA FOR A SHANGHAIMETROPOLITAN TRANSPORT PROJECT Public Disclosure Authorized JUNE 29, 2001 This documenthas a restricteddistribution and may be used by recipientsonly in the performanceof their 7 officialduties. Its contentsmay not otherwisebe disclosedwithout World Bank authorization. Public Disclosure Authorized CURRENCYEQUIVALENTS (ExchangeRate EffectiveDecember 31, 2000) Currency Unit = Yuan (Y) Y 1.00 = US$ 0.120817 US$ 1 = Y 8.2770 FISCALYEAR January 1 - December 31 ABBREVIATIONSAND ACRONYMS ATC - Area Traffic Control BAA - Barton AschimanAssociates CBD - Central Business District CCTV - Close Circuit Television ETC - Electronic Toll Collection IRR - Inner Ring Road MV - Motor Vehicle NBF - Non Bank Funded NMV - Non-Motor Vehicle NSC - North-South Corridor NUTI - NorthwesternUniversity Traffic Institute PDR - Preliminary Design Report PGS - Parking Guidance System PT - Public Transport TA - Technical Assistance TMP - Traffic Management Program TMS - TrafficManagement and Safety SMCC - ShanghaiMunicipal Construction Commission SMEAD - ShanghaiMunicipal Engineering Administration Department SMEC - SnowyMountain Engineering Corporation SMECC - ShanghaiMunicipal Engineering Construction Company SMG - ShanghaiMunicipal Government SMTAB - ShanghaiMunicipal Transport Administration
    [Show full text]
  • Office Savills Research
    Shanghai – July 2019 MARKET IN MINUTES Office Savills Research Savills team Please contact us for further information RESEARCH James Macdonald Senior Director China +8621 6391 6688 james.macdonald@ savills.com.cn COMMERCIAL Cary Zheng Senior Director Central China +8621 6391 6688 cary.zheng@ Office rents continue to fall savills.com.cn Core office rents fell by 0.2% in Q2/2019 despite a dip in vacancy rates. Peter Sheng Director Shanghai +8621 6391 6688 • SOHO Gubei launched onto the core office market in • Vacancy rates in decentralised areas fell by 3.6 ppts quarter- peter.sheng@ savills.com.cn Q2/2019, adding 70,300 sq m of new office space and pushing on-quarter (QoQ) to 30.3% in Q2/2019, while rents remained core Grade A office stock up to 9.0 million sq m by the end of flat at RMB5.82 per sq m per day. Leon Fu Q2/2019. Senior Director • Economic uncertainties and more availability lead to longer Shanghai • Net take-up increased by 24% in Q2/2019, totalling 108,700 decision-making periods by tenants. Landlords increased +8621 6391 6688 sq m, though it remained down 72% year-on-year (YoY). The concessions due to fierce competition from abundant new [email protected] prime Puxi recorded positive absorption for the first time in supply. a year, absorbing 18,800 sq m of vacant stock. Savills plc Savills is a leading global real estate service provider listed on • Thanks to stronger take-up, vacancy rates fell by 0.5 of a the London Stock Exchange.
    [Show full text]
  • The Oriental Pearl Radio & TV Tower 东方明珠
    The Oriental Pearl Radio & TV Tower 东方明珠 Hours: Daily, 9:00 am-9:30 pm. Address: No. 1 Century Ave Pudong New Area (Lujiazui), Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, get out from Exit 1 and walk to The Oriental Pearl Radio & TV Tower. Getting In Redeem your pass for an admission ticket at the first ticket office, near No. 1 Gate: Shanghai World Financial Center Observatory 上海环球金融中心 Hours: Daily, 9:00 am-10:00 pm. Address: B1 Ticketing Window, World Financial Center 100 Century Avenue Lujiazui, Pudong New Area, Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, then walk to Shanghai World Financial Center. Getting In Please redeem your pass for an admission ticket at B1 Ticketing Window, World Financial Center at Lujiazui Century Ave: Pujiang River Cruise Tour 黄浦江“清游江”游览船 Hours：Daily, 10:00 am-8:30 pm. Address：Shiliupu Cruise Terminal，No. 481 Zongshan Rd，Huangpu District, Shanghai Public Transportation Bus: Take the bus #33, 55, 65, 305, 868, 910, 926 or 928 and get off at the Xinkaihe Road-Bus Stop of Zhongshan East Second Road, then walk to No. 481, Zhongshan East Second Road, Huangpu District. Getting In Redeem your pass for an admission ticket at the Shiliu Pu Pier, Huangpu River Tour ticket window at 481 Zhongshan 2nd Rd： Yu Garden (Yuyuan) 豫园 Hours: Daily, 8:45 am-4:45 pm. Address: No. 218 Anren St Huangpu District, Shanghai Public Transportation Take Metro Line 10 and get off at Yuyuan Station, then walk to Yu Garden.
    [Show full text]
  • Navigation Safety Analysis and Assessment of Entry and Departure of Shanghai Port for International Cruises
    World Maritime University The Maritime Commons: Digital Repository of the World Maritime University Maritime Safety & Environment Management Dissertations Maritime Safety & Environment Management 8-24-2014 Navigation safety analysis and assessment of entry and departure of Shanghai Port for international cruises Shixun Xu Follow this and additional works at: https://commons.wmu.se/msem_dissertations Part of the Environmental Studies Commons, and the Risk Analysis Commons Recommended Citation Xu, Shixun, "Navigation safety analysis and assessment of entry and departure of Shanghai Port for international cruises" (2014). Maritime Safety & Environment Management Dissertations. 158. https://commons.wmu.se/msem_dissertations/158 This Dissertation is brought to you courtesy of Maritime Commons. Open Access items may be downloaded for non-commercial, fair use academic purposes. No items may be hosted on another server or web site without express written permission from the World Maritime University. For more information, please contact [email protected]. WORLD MARITIME UNIVERSITY Dalian, China Navigation Safety Analysis and Assessment of Entry and Departure of Shanghai Port For International Cruises By XU SHIXUN China A research paper submitted to the World Maritime University in partial Fulfilment of the requirements for the award of the degree of MATSER OF SCIENCE (MARITIME SAFETY AND ENVIRONMENTAL MANAGEMENT) 2014 © Copyright Xu Shixun, 2014 I THE DECLARATION I certify that all the material in this research paper that is not my own work has been identified, and that no material is included for which a degree has previously been conferred on me. The contents of this research paper reflect my own personal views, and are not necessarily endorsed by the University.
    [Show full text]
  • World Bank Document
    RP707 Puxi Section Project of Southern Transportation Trunk V3 Perfecting Project of Bailonggang Area, Shanghai ——Funded by World Bank Public Disclosure Authorized Southern Transportation Trunk Perfecting Project for Sewage Treatment in Bailonggang Area, Shanghai Puxi Section Project Resettlement Action Plan Public Disclosure Authorized Public Disclosure Authorized Shanghai Urban Drainage Corporation August2008 Public Disclosure Authorized 1 Endorsement Letter for the Resettlement Plan Shanghai Municipal Government has applied for a loan from WB to finance Shanghai Southern Transportation Trunk Perfecting Project for Sewage Treatment Bailonggang Area. Therefore, the Project must be implemented in compliance with ADB safeguard requirements. This Resettlement Plan is prepared in accordance with the laws of the PRC, Shanghai Municipality, as well as WB’s Policy on Involuntary Resettlement and it constitutes the basis for land acquisition, house demolition and resettlement of the project. Shanghai Municipal Government hereby confirms the content of this Resettlement Plan and will guarantee the land acquisition, compensation and relocation budget being provided according to the provisions of this Resettlement Plan. This Resettlement Plan is based on the feasibility study report and the initial surveys. If the final implemented components are different from the contents described in the feasibility study report and that will cause the substantial impact on the Resettlement Plan, this Resettlement Plan should be future modified and approved by WB before its implementation. Shanghai Municipal People’s Government __________ (Signature) _____________ (Date) 2 Preface I. The objective of Resettlement Action Plan 1 This Resettlement Action Plan is formulated on the basis of the laws, regulations and policies of the People’s Republic of China, and Local Government as well as the Guidelines of the World Bank (Operational Directive for Involuntary Resettlement OP 4.12).
    [Show full text]
  • Shanghai, China Overview Introduction
    Shanghai, China Overview Introduction The name Shanghai still conjures images of romance, mystery and adventure, but for decades it was an austere backwater. After the success of Mao Zedong's communist revolution in 1949, the authorities clamped down hard on Shanghai, castigating China's second city for its prewar status as a playground of gangsters and colonial adventurers. And so it was. In its heyday, the 1920s and '30s, cosmopolitan Shanghai was a dynamic melting pot for people, ideas and money from all over the planet. Business boomed, fortunes were made, and everything seemed possible. It was a time of breakneck industrial progress, swaggering confidence and smoky jazz venues. Thanks to economic reforms implemented in the 1980s by Deng Xiaoping, Shanghai's commercial potential has reemerged and is flourishing again. Stand today on the historic Bund and look across the Huangpu River. The soaring 1,614-ft/492-m Shanghai World Financial Center tower looms over the ambitious skyline of the Pudong financial district. Alongside it are other key landmarks: the glittering, 88- story Jinmao Building; the rocket-shaped Oriental Pearl TV Tower; and the Shanghai Stock Exchange. The 128-story Shanghai Tower is the tallest building in China (and, after the Burj Khalifa in Dubai, the second-tallest in the world). Glass-and-steel skyscrapers reach for the clouds, Mercedes sedans cruise the neon-lit streets, luxury- brand boutiques stock all the stylish trappings available in New York, and the restaurant, bar and clubbing scene pulsates with an energy all its own. Perhaps more than any other city in Asia, Shanghai has the confidence and sheer determination to forge a glittering future as one of the world's most important commercial centers.
    [Show full text]
  • Land Use Dynamics of the Fast-Growing Shanghai Metropolis, China (1979–2008) and Its Implications for Land Use and Urban Planning Policy
    Sensors 2011, 11, 1794-1809; doi:10.3390/s110201794 OPEN ACCESS sensors ISSN 1424-8220 www.mdpi.com/journal/sensors Article Land Use Dynamics of the Fast-Growing Shanghai Metropolis, China (1979–2008) and its Implications for Land Use and Urban Planning Policy Hao Zhang, Li-Guo Zhou, Ming-Nan Chen and Wei-Chun Ma * Department of Environmental Science and Engineering, Fudan University, 220 Handan road, Shanghai 200433, China; E-Mails: [email protected] (H.Z.); [email protected] (L.G.Z.); [email protected] (M.N.C.) * Author to whom correspondence should be addressed; E-Mail: [email protected]; Tel.: +86-21-5632. Received: 17 December 2010; in revised form: 17 January 2011 / Accepted: 19 January 2011 / Published: 31 January 2011 Abstract: Through the integrated approach of remote sensing and geographic information system (GIS) techniques, four Landsat TM/ETM+ imagery acquired during 1979 and 2008 were used to quantitatively characterize the patterns of land use and land cover change (LULC) and urban sprawl in the fast-growing Shanghai Metropolis, China. Results showed that, the urban/built-up area grew on average by 4,242.06 ha yr−1. Bare land grew by 1,594.66 ha yr−1 on average. In contrast, cropland decreased by 3,286.26 ha yr−1 on average, followed by forest and shrub, water, and tidal land, which decreased by 1,331.33 ha yr−1, 903.43 ha yr−1, and 315.72 ha yr−1 on average, respectively. As a result, during 1979 and 2008 approximately 83.83% of the newly urban/built-up land was converted from cropland (67.35%), forest and shrub (9.12%), water (4.80%), and tidal land (2.19%).
    [Show full text]