2016.12.30

The second and final stage of land bidding took place at the end of 2016, when the bidding for two commercial plots in Baijiao, Doumen, started on the morning of December 29. After several rounds of competition among five developers, the Baijiao plot numbered 16137/Z.G.T.C. 2016-30 was sold for RMB 9,350 per square meter and a total transaction price of RMB 2,287 billion with a 55.83% premium. Additionally, Times Property acquired the high-profile, fiercely contested plot no. Z.G.T.C. 2016-31 at an accommodation value of RMB 12,000 per square meter with 550 additional square meters of accommodation for talent and public rental housing. According to industry sources, the accommodation price of the first plot started at RMB 6,500 per square meter but reached RMB 7,267 per square meter with the talent apartments and a variety of public supporting projects taken into account. The comprehensive accommodation price, with 3% of the buyer's deed tax and additional amenities covering 550 square meters, was approximately RMB 14,600 per square meter. The future static break-even point will be RMB 19,500 to 20,000 per square meter for an unfurnished house.

A plot with complete amenities and ready access to famous brands

The plot, located in Baijiao New Town, a core area of Doumen District, is surrounded by the development projects of six giants: Vanke, Gemdale, Huafa, China Merchant Property, Times Property and HP Smart City. Its total floor area exceeds two million square meters, and it boasts reasonable zoning, mature residential development and ideal amenities for complete daily living. Smart City, in development by the Global 500 company HP, will attract large numbers of high-quality talents. Meanwhile, the large commercial/residential plot acquired by China Merchants Shekou Holdings, upon completion, will be the largest commercial complex in the Doumen District. Thus the future of Baijiao New Town is to enhance the center-city plan as "a leading center with access to all essential services, embellished by a green landscape and blue sky."  

Immeasurable future value

Given the final bidding price for the plot, the land price per square meter in Doumen, Zhuhai, now exceeds RMB 10,000. Such a value is supported by the construction of Xianghai Bridge, which will connect downtown Zhuhai with Doumen and greatly reduce the commuting time. The Baijiao area of Doumen will witness an acceleration not only in the implementation of business, programs, institutions of higher education, science, technology and other industrial projects but also in the construction of a transportation network, schools, hospitals, parks, public service facilities and other amenities, all of which is part of the initial five-year plan Doumen New Town. Doumen Maternal and Pediatric Hospital, near Tin

Times Property to build Doumen's first mega-scale residential community

Only the integration of a rising area with true potential as a project can create genuine value. As a project that heralds the entry of Times Property into the Baijiao area of Doumen, Zhuhai, Times Eolia City (Zhuhai) is another masterpiece, carrying forth the legacy of Times Laguna, Times Eolia City and Times Harbor.

Times King City (Zhuhai), the development of which is divided into five phases, is Doumen's largest, most fully outfitted community. Phases I, II and III have sold out, and phase IV has opened to the market. As a regional benchmark community located in the center of the new town and drives the development value of the downtown, it has, over the span of just two years, witnessed the maturation of all amenities. The greenery in the 20,000-square-meter wetland park is a delight to the eyes, an elegant six-star club has been built, and the exclusive commercial streets of 50,000 square meters and a bilingual kindergarten are in place. Moreover, all this bears the proud stamp of Times Property's first-tier property management. Certainly a community of such scale, volume and branding will top the regional housing price and set the bar for all homes in the market, whether new or otherwise.

Times' "city" has been completed and the "oranges" of the Phase IV have ripened at the most opportune moment. The five types of beautiful, riverfront apartments, in attractive low-rise buildings, with area ranging from 96 to 130 square meters in phase IV are now available for sale. Thus, it's time to harvest the 5-kilometer river landscape, embrace the river and park, and enjoy the wate