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Shanghai Greenland to invest in mixed-use projects in Anhui Province

PETALING JAYA: The Shanghai Greenland Group recently signed a collaboration agreement with the Ma An Shan Government in Anhui Province, China, to invest in two mixed-use projects with a total gross floor area (GFA) of two million sq m.

According to a news report in Shanghai Business on March 23, one of the projects, located in Xiu Shan New District, has a total land area of 666,700 sq m and a GFA of 1,660,000 sq m comprising office, shopping mall, commercial street and high-end residential projects.

The other project, which has a land area of 140,000 sq m and GFA of 420,000 sq m, is located in Hua Shan District and comprises high-end retail, HQ office space, entertainment and fashion residential space.

Meanwhile, the Shanghai Spring Real Estate Exhibition, which closed on Sunday (March 21), attracted a total of 140,000 visitors over the weekend.

This annual event is viewed as the barometer of the city's housing market for the year.

According to the organiser, the total intended transactions reached 220 million yuan (RM107 million), a 10% increase over a year earlier, while actual transactions were close to 100 million yuan, a 20% year-on-year decrease.
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