Foshan Laurel House Project

The Foshan Laurel House Project is located at west to Wenhua Road, south to Liming 2nd Road, Chancheng District, Foshan City, the PRC with a site area of approximately 43,284 sq. m. and a maximum total GFA included in the calculation of the plot ratio of approximately 151,493 sq. m. The project is planned for residential use compatible with commercial use.
 
This sub-district 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. 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 Foshan Laurel House Project is being developed in phases. As at 30 June 2021, the superstructure of the first phase properties was under construction, and foundation works for the other properties were underway. The pre-sale of properties is expected to commence in the fourth quarter of 2021. The filing for completion of construction of the project is expected to be made in 2023, with the project promoted as Foshan Laurel House (佛山粤海•拾桂府).

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

Foshan Laurel House Project

Foshan City, the PRC

Residential/ Commercial

100%

43,284

151,493

Superstructure construction works of the first phase properties in progress, and earth excavation for other phases underway

2023


* Note: Including the project's common area and area transfer to the government.