The Foshan Laurel House Project

The Foshan Laurel House Project is located at west to Wenhua Road, south to Liming Second Road, Shiwan Area (Chengnan Sub-district) of Chancheng District, Foshan City, Guangdong Province, the PRC. The project is positioned as a modern, top-notch and strong central of Foshan City, which is a place ideal for living, starting business and fostering innovation. Near Wanhua Station, the interchange station of Lines 2 and 3 of Foshan Metro, the project is surrounded by two metro networks, its transportation is much convenient. Together with the well-established education, medical and commercial amenities nearby, the project has the advantages to be forged into an above-twin stations residential community featuring quality lifestyle. With the significant advantage in terms of location resources, the project enjoys promising market prospects.
 
The filing for completion of construction of the whole project is expected to be made before the end of 2024. The pre-sale of the project commenced in September 2021, and entered the delivery stage in December 2023.

Properties Held for Sale under Development

Name of the

property project

StatusUse

Interest

held by

the Group

Approxi-

mate GFA

available

for sale

(sq. m.)

Approximate GFA contracted

The proportion of  accumulated GFA contracted to GFA available for sale

Approximate GFA delivered

The proportion of accumulated GFA  delivered to GFA available for sale

First three quarters of 2024

(sq. m.)

Accumulated

(sq. m.)

First three quarters of 2024

(sq. m.)

Accumulated

(sq. m.)

Foshan

Laurel House

Completed

Residential

100%146,38218,99390,87162.1%54,69373,10049.9%

Foshan

Laurel House

(Car-parking spaces)

Completed

Car-parking spaces

100%9,9144,8844,88449.3%3,8163,81638.5%