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

The project will certainly find the redevelopment of Zhaojia Lou Ancient Town, an area that has actually been recognized by the Shanghai community government for renovation. Known for its canals and even ancient water communities, it is a popular tourist spot. In 2015, it was rated an AAAA tourism destination by Chinese authorities, suggesting the location draws in over 500,000 visitors every year. Located next to the Shanghai Shenjiahu Expressway and the Shanghai North-South Elevated Road, the location is flanked by 2 train lines.

“Over the past 30 years, Shui On Land has established a solid foothold in Shanghai plus joined rehabilitation programs with tested abilities in master planning, ethnic security, area operation along with city regeneration,” claims Jessica Wang, CEO of Shui On Land.

The Shui-On Land-Shanghai Pucheng joint project will certainly carry out the redevelopment of property parcels positioned in Pujiang Area, that extend to Jiageng Road to the eastern, Yaojia Bang to the south, Huichi Roadway to the west, and Xiaoyan Lake to the north.

She showcase that the group has also started one more massive city renovation plan in Shanghai at Panlong Tiandi. “Our success in the Panlong Tiandi project is a solid testimony to the group’s capacities in the urban-village improvement, providing us confidence in the future prospects of the Zhaojia Lou plan,” Wang includes.

Hong Kong-listed real estate firm Shui On Land has declared that its subsidiary, Shanghai Ruilou Enterprise Management, has definitely developed a consolidated move with state-owned enterprise Shanghai Pucheng to perform a redevelopment project at Pujiang Town, in the Minhang district of Shanghai, China.

Tembusu Grand Jalan Tembusu Road

According to an April 20 bulletin by Shui On Land, the new property development will certainly consist of household, business and also secondary facilities. The mutual project is expected to maintain the unique background along with culture of Pujiang Community, while redeveloping it right into a “new site of Shanghai”.

Shui On Land is the flagship real estate project company of the Shui On Group, a building-materials also building company founded by Hong Kong billionaire Vincent Lo.

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