The Guangzhou GDH Future City Project

The core area of Baiyun New Town, Baiyun District, Guangzhou City, Guangdong Province, the PRC, at which the Guangzhou GDH Future City Project is located, is positioned to be the hub for headquarters, and is planned as a cluster of corporate headquarters, aviation industry and commercial hotel service functions, focusing on the development of headquarters economy and attracting the headquarters of large corporations and small and medium-sized enterprises. Such project is located to the north of Yuncheng South Fourth Road and south of Qixin Road, on the two sides of Yuncheng West Road, and is connected to major transport networks. It is adjacent to Baiyun Park Station of Guangzhou Metro Line 2 and trunk roads such as the Airport Expressway and the Baiyun Avenue, and it is only about 30 kilometres away from the Guangzhou Baiyun International Airport. In addition, after the third phase of the Airport Avenue and Guangzhou Metro Line 12 are expected to open, travel between such project and its surrounding areas will be more convenient in due course. The project is situated in a well-developed neighborhood where commercial shopping centres, schools, hospitals, parks and the Guangzhou Gymnasium are within a three-kilometre radius, and it is close to the scenic area of Baiyun Mountain. With the significant advantage of such project and the development of industries nearby, it has promising market prospects.
 
The whole project is expected to be filed for completion in 2027. The pre-sale of the project commenced in June 2022 and has maintained a satisfactory level of transaction volume since the pre-sale. The project ranked first in Baiyun District, Guangzhou City in terms of amount of online registration of sales contracts in full year 2023 and first half of 2024, with a higher sell-through rate of residential units and apartments than that of other property projects in the same area.

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.)

Guangzhou GDH Future City

Sale in

progress

Residential/

Business apartment/

Commercial/

Offices


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