News

(Beijing, November 12, 2010) Recently, the subsidiary of New World China Land Limited (“New World China Land” or “the Group” for short; HK stock code: 917) and New World Development Company Limited have jointly obtained the development right of the land parcel for residential and business and financial project of Yuzhuang (Phase I) Gaoliying Town Shunyi District Beijing with RMB 820 million Yuan. 

The land parcel covers a total area of 267,918m2, including 183,261m2 planned for construction, and 84,657m2 withheld for public facilities. The gross floor area of the project is 200,012m2, including 88,400m2 of resettlement area, and 105,110m2 of commodity house area, with the plot ratio of 1.1; 3,139 m2 of business and financial building area, with plot ratio of 1.0; and 3,363m2 of education matching facility, with plot ratio of 0.8. 

Located at Shunyi Section of Wenyuhe Green Eco-Corridor of Yuzhuang Village, Gaoliying Town, Shunyi District, Beijing, and in the northern end of the Central Villa Area, the project parcel reaches Gaosi Road in the east, 1st Guihua Road in the south, the boundary of Tangzitou Village in the west, and the boundary of Wanglu Village in the north and will be built into a high-quality, low-density residential community in the future. According to the plan, the project will start construction in March 2011, and will be completed in October 2013, with the overall construction cycle of 35 months. 

The successful bid for the land parcel in Shunyi District Beijing this time is another highlight of New World China Land in the wake of obtaining the two land parcels in Langfang and Tangshan respectively in August and November this year. Relying on its many years’ experience in urban development and upholding the conviction of being a city builder, New World China Land is confident of driving the progress of Mainland China’s urbanization steadily and pragmatically.