Chenyuan Road Project

The Chenyuan Road Project is located at the southeast to the intersection of Chenyuan Road and Longteng Road and west to Fengxiang Road in Pengjiang District, Jiangmen City, the PRC with a site area of approximately 59,705 sq. m. and a maximum total GFA included in the calculation of the plot ratio of approximately 164,216 sq. m. The proposed types of properties, including residential units, commercial units, and car-parking spaces, will all be for sale.

Jiangmen is positioned as the western gateway of the Greater Bay Area, with its value remaining at an underestimated level. Subsequent to improvements in the transportation infrastructure across the eastern and western bays, the future development of such area is expected to prosper. The project is situated in a region with high planning position and enjoys strong market prospects, as well as convenient location as a bonus. Possessing rare landscape resources and sound living amenities, the project embraces the conditions in becoming a regional benchmark project.

The project is being developed in phases. As at 31 December 2021, the superstructure of all phases was topped out, and the renovation works were in progress. The pre-sale of properties of the first phase development commenced in January 2021, with the project promoted as Jiangmen One Mansion (江門粤海•壹桂府).

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

Chenyuan Road Project

Jiangmen City, the PRC

Residential/
Commercial service

100%

59,705

164,216

Superstructure of all phases topped out, and renovation works in progress

2nd half of 2022


* Note: Including the project's common area and area transfer to the local 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
quarter
of 2022
(sq. m.)

Accu-mulated
(sq. m.)

Chenyuan Road Project

Jiangmen City, the PRC

Residential/ Commercial service

100%

164,216

6,726

37,331

22.7%

January 2021