GDH City

Located in Buxin Area(布心片區), Luohu District, Shenzhen City in the PRC, the Shenzhen GDH City Project is a multi-functional commercial complex with jewelry as the main theme. The project, which is in close proximity to the urban highways and subway stations and adjoins Weiling Park, is surrounded by several municipal parks within a radius of 1.5 kilometres and enjoys convenient transportation and superb landscape resources.

The Shenzhen GDH City Project is developed in two phases. The filing for completion of construction of the first phase was made in June 2020 and the Group has started to deliver properties to the purchasers. The construction of the second phase has been in full swing. As at 30 June 2021, the superstructure of the office tower and the commercial shopping building on the Northern Land development was topped out and renovation works were in progress; and the superstructure of the office tower and the basement structure of the commercial shopping building on the Southern Land were under construction. In respect of the sale of the first phase properties of the Shenzhen GDH City Project, the total GFA of properties contracted for sale amounted to approximately 42,937 sq. m., representing approximately 37.4% of the GFA available for sale during the first half of 2021.

Completed Properties Held for Sale

Property project

Location

Use

Interest held by the Group

Approxi-mate GFA of project
(sq. m.)

Accu-mulated GFA contracted
(sq. m.)

Approximate GFA delivered

The proportion of accu-mulated GFA delivered to GFA available for sale

First three
quarters
of 2021
(sq. m.)

Accu-mulated
(sq. m.)

Northwestern Land of Shenzhen GDH City

Shenzhen City, the PRC

Business
apartment/
Commercial

100%

114,654

95,028

65,181

87,340

76.2%



Properties Held for Sale under Development and Investment Properties under Development

Property project

Location

Use

Interest held by the Group

Approximate total site area
(sq. m.)

Approximate GFA*
(sq. m.)

Progress

Expected completion and filing date

Northern Land of Shenzhen GDH City Project

Shenzhen City, the PRC

Commercial/
Offices/
Mall

100%

33,802

146,551

Superstructure of the commercial shopping building and tower topped out, and renovation works in progress

2nd half of 2022

Southern Land of Shenzhen GDH City Project

Shenzhen City, the PRC

Offices/
Mall

100%

16,044

199,500

Construction works of tower superstructure and commercial shopping building structure in progress

2023


* Note: Including (1) underground commercial area of the Shenzhen GDH City Project with a GFA of 30,000 sq. m.; and (2) the project’s common area and area transfer to the government.