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Property Development Total GFA Business Review, Analysis and Outlook 39 Hong Kong New World Tower on Huaihaizhong Road, Puxi Shanghai Development Properties For Sale Property Development Total GFA 26% 2% 8% Shanghai Hong Kong New World Garden (Formerly known as 64% Zhongshannanyi Road Development and Mengzi Road Development), located in Luwan District [盧灣區], is a premier residential development with a total Residential Commercial GFA of 478,231 sq.m.. The project has a spectacular view overlooking the Office Others famous Huangpu River. Phase I, comprising 44,698 sq.m. of GFA, is scheduled to be completed in early 2002. So far, presale has been Investment Properties very successful. Under Deveopment Total GFA 23% Zhongshan Square is located in Hongqiao Road [虹橋路], Changning 18% 13% 25% District [長寧區]. Phase I with a residential area of 76,498 sq.m. was 21% completed and almost fully sold during the year. The clubhouse facilities of Residential Phase II were also completed. The 127,957 sq.m. office space of Phase III is Commercial Office Hotel currently in the planning stage. Others 40 Business Review, Analysis and Outlook From Left to Right Model Home, Shanghai Hong Kong New World Garden Property Investment Shanghai Hong Kong New World Garden Hong Kong New World Tower, a 59-storey skyscraper, will soon be one of the tallest buildings in the Puxi [ ] region. Located at the Huaihaizhong Hotel Block, Changning 浦西 Ramada Square Road [淮海中路] and on top of the subway station, this flagship project Apartment Block,Changning comprises 63,517 sq.m. of office space and 36,637 sq.m. of shopping area. Ramada Square The project will be completed in early 2002. The top three floors are dedicated to first-class restaurants and food and beverage outlets in order to take full advantage of the spectacular bird's eye view of Shanghai city. Leasing of the shopping mall and office space will commence soon. Business Review, Analysis and Outlook 41 Changning Ramada Square is located at the prime location of Changning District and Zhong Shan Park Subway Station. The project comprises two 24-storey towers with 34,927 sq.m. of service apartments, 17,272 sq.m. of shopping area and one 4-star hotel of 46,102 sq.m. with 750 guest rooms. The shopping area will begin operation by the end of the year and the hotel will also be completed in March 2002. Leasing of the service apartments will .commence in late 2001. 42 Business Review, Analysis and Outlook Wuson R g iver Zhongshan Park Jingan Changning Yuyan Road 3 to Hongqiao Airport Beijing West Road Yanan West Road B Nanjing West Road eijing East Hongqiao Road Ro Yanan Central Road Shanghai ad Exhibition Museum Huangpu The Bund 1 Na njin People g E ast Ro Huaihai West Road Park’s ad Huaihai Central Road Yanan East Road Government of Shanghai 2 Fuxing Central Road Municipality Tunnel Hengshan Road Fuxing Park Zhongshan West Road Xuhui Huashan Road Zhaojiabang Road Xu Jia Hui Fuxing East Road Shanghai Stadium Xizang South Road Luwan Zhongshan South Road Luijiabang Road Nanshi hnsa EastZhongshan 2 Road Chongqing South Road 4 Nanpu Tunnel Bridge Huangpu River Shanghai Regional Map With its past glories restored, and even loftier heights, Shanghai has become the conduit for international trade and financial exchanges to and from China. As a city of the future, Shanghai has benefited enormously from substantial investments in its financial, transportation, and trade infrastructure, and its pace of development is unmatched by any other city in the country. Business Review, Analysis and Outlook 43 Inner Circle Way Viaduct Zhongshan South 1 Road Mengzi Road Central Park Longhua East Road Club House Zhizaoju Road Railway Metro Line Bridge Under Construction Future Development 1 Zhongshan Square 2 Hong Kong New World Tower 3 Changning Ramada Square 4 Shanghai Hong Kong New World Garden Hong Kong New World Tower Huaihaizhong Road 44 Business Review, Analysis and Outlook Four projects representing 16.1% The Market of the total property portfolio In the first half of 2001, Two projects representing 4.2% of GDP rose 11.6% to Rmb 63.5 billion; total completed investment Sales of residential units increased to 2.9 million sq.m., properties representing a surge of 40.2%; Investment in real estate developments climbed 39.9% to Rmb 48.9 billion; compared to the same period last year..
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