2015.07.03

On July 3, 2015, Times Property won a bid for commercial and residential plot located in the north of Greenview East Road and east of Guihua Twelfth Road in Foshan's Chancheng District at a bidding price of RMB 876 million, equivalent to a floor price of RMB 4,866 for each square meter, with a premium of 35%. This plot has a land area of 51,500 square meters, with a floor area ratio of 3.5 and a total construction area of 180,000 square meters.

·A Location Map of the Project Area

This is the first commercial and residential plot offered for bidding in Chancheng District's Qicha Innovation Industrial Area. Positioned as Foshan's eastern city center, new waterfront city and integrated smart city innovation business center, the Qicha Innovation Industrial Area will prioritize the development of big data industry, big health industry, and science and technological services.

The plot has decided advantages: its location in the downtown of Foshan City within the core area of Changui, facing the South China Sea to the east and Shunde County to the south. It's just 15 kilometers away from the Guangzhou South Railway Station, and a 30-minute drive can bring you to the Guangzhou Baiyun International Airport.

·A Location Map of the project area

Moreover, the plot boasts full-fledged supporting facilities for living, education, medical and municipal services. To its north lies the Qichayong ecological green corridor, while to the southwest locates the district-level key primary school (under planning). Also under planning are a community sports center, a wetland park in construction on Half-moon Island, and Nandouyong Waterfront Park. Within two kilometers from this plot, one can find a group of renowned schools including the Experimental School, Huanhu Primary School, Huaying School, the New Third Middle School, etc. Within a distance of five kilometers locate the First, Second, Third and Fourth People's Hospitals, Lanshi Hospital, etc. Obviously the plot enjoys unique advantage in geographical location, living facilities and educational resources with unlimited potential for future development.

·A Location Map of the project area

The auction for the plot has drawn great attention from many giant developers, including Vanke, China Overseas, Country Garden, China Merchants and Logan, in addition to Times Property. However, after 58 rounds of bidding, Times seized the final victory. The industry locomotive enterprises are optimistic about the plot and confident in the development of the corresponding regional market. Times Property, in the successful effort to obtain the plot, has another opportunity to further its influence in the Foshan Area and beyond, ultimately radiating all of the Pearl River Delta.