Jiangmen Ganhua Project

The Jiangmen Ganhua Project is located at the east of Ganbei Road, Pengjiang District, Jiangmen City, Guangdong Province, the PRC. The parcels of land of the project will be constructed properties which will have an aggregate gross floor area of approximately 438,197 sq. m. The project mainly holds three adjourning parcels of land with a total GFA of approximately 396,600 sq. m. (i.e. Land No. 3 - 5). The land has been approved for city and town residential and other commercial and service uses. In addition, there is a parcel of land adjacent to the Land No. 3 - 5 with a GFA of approximately 41,597 sq. m. (i.e. Land No. 6), which has been approved for medical and health, and commercial service uses; and subject to the approval of the relevant government authorities in accordance with the policy of “Three Olds” Renovation (「三舊」改造) in relation to, among others, the resettlement of the residents.
 
The project is located in a traditional old town district in Jiangmen City with high density population and a convenient transportation network. It is also adjacent to Xi River, connects to the Chaolian Talent Island and is accessible to five parks nearby, providing a quality living environment with an excellent river scenery.
 
The Jiangmen Ganhua Project is being developed in three phases. As at 30 June 2021, the superstructure of some properties on Land No. 3 was topped out; construction works of the superstructure of other properties were in progress; and construction works of the superstructure of properties on Land No. 4 were in progress. The filing for completion of construction of the project is expected to be made in December 2026. The pre-sale of properties of the first phase development commenced in May 2021, with the project promoted as Jiangmen GDH City (江門粤海城).

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

Jiangmen Ganhua Project

Jiangmen City, the PRC

No.3-5 Land:Residential/ Commercial

51%

174,538

396,000

Superstructure of some properties on Land No. 3 topped out, superstructure construction works of other properties in progress, and superstructure construction works of Land No. 4 in progress

2026

No.6 Land: Medical and health/ Commercial

18,115

41,597

/


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

Properties Held for Sale under Development which Pre-sale has Commenced

Property project

Location

Use

Interest
held by the
Group

Approximate GFA
included
in calculation
of plot ratio
(sq. m.)

Approximate GFA contracted

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

Date of pre-sale

 First three
quarters
of 2021
(sq. m.)

Accu-mulated (sq. m.)

Jiangmen Ganhua Project (No.3-5 Land)

Jiangmen City, the PRC

Residential/ Commercial 

100%

396,000

21,626

21,626

5.5%

May 2021