{"id":111075,"date":"2019-09-26T10:08:16","date_gmt":"2019-09-26T03:08:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-breaks-ground-for-mixed-use-project-in-china\/"},"modified":"2019-09-26T11:03:55","modified_gmt":"2019-09-26T04:03:55","slug":"guocoland-breaks-ground-for-mixed-use-project-in-china","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-breaks-ground-for-mixed-use-project-in-china\/","title":{"rendered":"GuocoLand breaks ground for mixed-use project in China"},"content":{"rendered":"


\nLocated in a prime location next to the Jiefangbei (Liberation Square) Central Business District, Chongqing 18 Steps\u2019 first phase features more than 1,000 luxurious modern apartments.
\nGuocoLand has broken ground for the first phase of its mixed-use development project within the Yuzhong District of Chongqing, China.
\nDubbed Chongqing 18 Steps, the RMB7.5 billion (S$1.45 billion) project comprises residential and commercial components and has a total gross floor area of around 341,000 sq m.
\nGuocoLand owns a 75 percent stake in the development, while the remaining 25 percent is owned by Hong Leong Holdings (China).
\nThe groundbreaking ceremony was attended by Chongqing Yuzhong District Committee Secretary Huang Yulin as well as officials from Yuzhong District government. Also present were GuocoLand\u2019s board of directors and senior management.
\nLocated in a prime location next to the Jiefangbei (Liberation Square) Central Business District, Chongqing 18 Steps\u2019 first phase features more than 1,000 luxurious modern apartments spread across five high-rise residential towers, the tallest of which has a maximum height of 193 metres. GuocoLand expects the residences to be completed by 2023.
\nThe large-scale mixed-use development will also include integrated retail podiums that offer lifestyle and dining options to residents as well as two conserved buildings which are being restored and converted for educational and commercial use.
\n\u201cThis development is not only GuocoLand\u2019s first project in Chongqing, it is also our largest development in terms of gross floor area and one of the largest investments we have made in China in recent years,\u201d said GuocoLand group president and chief executive officer Raymond Choong.
\n\u201cChongqing is a new market for GuocoLand and we remain committed to China, which is one of our core markets. Our investment reflects our conviction in China\u2019s continued economic prospects and we will continue to seek opportunities to build scale and deepen our presence in China.\u201d
\nFor the latest property news, trends, resources and expert opinions, visit our\u00a0Property News\u00a0page. Home buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…GuocoLand breaks ground for mixed-use project in China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located in a prime location next to the Jiefangbei (Liberation Square) Central Business District, Chongqing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111075","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sTx","jetpack-related-posts":[{"id":41548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-posts-s57-12mil-net-profit-in-q2\/","url_meta":{"origin":111075,"position":0},"title":"GuocoLand posts S$57.12mil net profit in Q2","date":"January 23, 2017","format":false,"excerpt":"\r Thanks to higher earnings of a subsidiary, GuocoLand\u2019s net profit surged by 46 percent to S$57.12 million for the second quarter ended 31 December 2016 compared to S$39.03 million in the prior year. However, revenue slid by 3.0 percent to S$231.98 million versus S$239.50 million previously. \u201cShare of profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-net-profit-soared-to-165-6mil-in-q1\/","url_meta":{"origin":111075,"position":1},"title":"GuocoLand net profit soared to $165.6mil in Q1","date":"October 20, 2017","format":false,"excerpt":"\r GuocoLand saw its first-quarter net profit grow more than six-fold to $165.6 million from $25.6 million over the same period last year. Revenue soared 79 percent to $362 million from $202.8 million, mainly due to higher sales and progressive recognition from its residential projects in Singapore. The group\u2019s share\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-q4-net-profit-soars-to-s244-85mil\/","url_meta":{"origin":111075,"position":2},"title":"GuocoLand Q4 net profit soars to S$244.85mil","date":"August 28, 2017","format":false,"excerpt":"\r \u00a0 Developer GuocoLand\u2019s net profit surged to $244.85 million in the fourth quarter ended 30 June 2017 from S$39.85 million in the same period a year ago, while revenue soared to S$407.37 million from S$214.48 million, revealed an SGX filing on Saturday (27 August). \u201cGuocoLand has delivered a creditable\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-land-sells-chongqing-assets-to-china-vanke-for-4-1-billion-yuan\/","url_meta":{"origin":111075,"position":3},"title":"Shui On Land sells Chongqing assets to China Vanke for 4.1 billion yuan","date":"May 27, 2017","format":false,"excerpt":"\r Shui On Land, the property developer founded by tycoon Vincent Lo Hong-sui, has sold one of its largest mixed commercial projects in mainland China for 4.1 billion yuan (US$596.3 million). In a statement to the Hong Kong stock exchange on Friday night, Shui On said it would reap a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105895,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-rise-by-64-3-per-cent-in-chongqing-the-barometer-of-chinas-national-market\/","url_meta":{"origin":111075,"position":4},"title":"Home sales rise by 64.3 per cent in Chongqing, the barometer of China\u2019s national market","date":"April 9, 2019","format":false,"excerpt":"\r The sales of new homes in the megacity of Chongqing in southwest China jumped by 64.3 per cent in March to 2.12 million square metres, according to consultancy Cric. It had recorded a cooling in its property market in the second half of 2018.The city, with an area 74\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-megacity-chongqing-joins-dongguan-foshan-in-easing-homebuying-restrictions-to-revive-pillar-of-the-economy\/","url_meta":{"origin":111075,"position":5},"title":"China\u2019s megacity Chongqing joins Dongguan, Foshan in easing homebuying restrictions to revive \u2018pillar of the economy\u2019","date":"December 29, 2022","format":false,"excerpt":"\r Authorities in Chongqing said families can now own more than one home provided one of them is rented out while also allowing non-locals to enjoy the same mortgage policy as the locals.\r \r Source : South China Morning Post\r Read more...China\u2019s megacity Chongqing joins Dongguan, Foshan in easing homebuying\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111075"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111075"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111075\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}