SHKP wins contract for another commercial project in China

Sun Hung Kai Properties (SHKP), a real estate company based in Hong Kong, has won a tender for a 750,000ft² commercial site in Qingsheng, Guangzhou, China, adjacent to the one acquired by the company in May 2018.

Both sites, adjoining the Qingsheng Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link and Line 4 of the Guangzhou Metro, will be developed into an integrated commercial complex based on the transit-oriented development (TOD) model.

The two sites have a combined area of 1.09 million ft² and a gross floor area of more than 3.5 million ft².

Qingsheng is located in Nansha, Greater Bay Area, and is part of the China (Guangdong) Pilot Free Trade Zone and the only city sub-centre of Guangzhou.

The area provides a foundation for the manufacturing and high-tech industries and it houses high-end corporations such as automobile and artificial intelligence (AI) companies.

The Hong Kong University of Science and Technology has recently announced that it will establish another campus in the high-tech zone of Qingsheng.

The Greater Bay Area Outline Development Plan, published recently, reaffirms the strategic position of Guangzhou Nansha.

SHKP supports the development of Guangzhou Nansha into a demonstration zone for cooperation between Guangdong, Hong Kong and Macau, and intends to become a destination for service providers such as banks and insurance companies in Hong Kong and Macau.

The Qingsheng sites are located on an integrated transport hub. It takes only 13 minutes from the Qingsheng Station to Guangzhounan Railway Station on the Guangzhou-Shenzhen-Hong Kong Express Rail Link, 30 minutes to Shenzhen, and an hour to the Hong Kong West Kowloon Station.

The group’s another landmark development, the International Commerce Centre (ICC), is located atop Hong Kong West Kowloon Station.

The two sites are also located beside the Qingsheng Station of the Guangzhou Metro.

Apart from the existing Guangzhou Metro Line 4, two planned lines (Line 22 and the Zhinan Line) will also have a stop there.

Other infrastructure projects nearby include the Second Humen Bridge, an expressway linking the western and eastern sides of the Pearl River, which will be opened in mid-2019.