Shenzhen Investment Limited
SHENZHEN INVEST: Hot Sale of SZI’s Tanglang City Project at Launch
[For immediate release] (26 May 2015 – Hong Kong) Shenzhen Investment Limited (“SZI” or the “Group”, SEHK stock code: 604.HK) is pleased to announce the hot sale of Tanglang City Project, a project jointly developed by SZI and Shenzhen Metro Group, at launch on last weekend. Subscriptions for an area of approximately 42,000 sq. m. for over RMB1.6 billion were received. The average selling price was approximately RMB40,000 per sq. m. The sales target for Tanglang City Project for the year has been overfulfilled. Tanglang City Project, a project jointly developed by SZI and Shenzhen Metro Group, was launched for sale on 23 May 2015, which has attracted over 1,500 home buyers in spite of the adverse weather. It was originally planned to list 348 units for sale at launch (all of which have been sold), having considered the continued active property market of Shenzhen, SZI and Shenzhen Metro Group have decided to launch all the 464 residential units at the Eastern part of Tanglang City Project for sale at one go. A total contracted area of approximately 42,000 sq. m. was achieved with average selling price of approximately RMB40,000 per sq. m. The total subscription amount exceeded RMB1.6 billion. Tanglang City Project is located at the university town area of Nanshan District, adjacent to the “International Knowledge and Innovation Village”- Nanshan Hi-tech Park and University Town of Shenzhen. It is surrounded by scientific and innovative emerging industries and is directly above metro station, with direct connection to the Tanglang station of the No.5 Metro line. Tanglang City Project has a planned G.F.A, of 260,000 sq. m., is a complex comprising residential units, apartments, hotel, offices and shopping mall. It is connected with apartments for executives, kindergartens, primary schools and secondary schools in the area, and together with them, build a landmark Silicon Valley town in Northern Shenzhen. The residential units launched for sale are units ranging from 84 to 100 sq. m. targeted for buyers aiming to improve their living conditions, and which have received overwhelming response from the market. Tanglang City Project is the first project jointly developed by SZI and Shenzhen Metro Group in which SZI holds a 50% interest. Going forward, SZI will continue to strengthen the cooperation with Shenzhen Metro Group, strive to obtain more quality development projects in Shenzhen through different means so as to implement the strategy of focusing on Shenzhen and actively promoting sales to achieve satisfactory returns for the shareholders. For enquiry, please contact:
End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=BYCNERKCYW Document title: SHENZHEN INVEST: Hot Sale of SZI’s Tanglang City Project at Launch Key word(s): Miscellaneous 27/05/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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