World Expo site earmarked as prime development land

KUALA LUMPUR: The World Expo site in Shanghai, spanning 56.8 million sq ft, is expected to become a construction highlight and will drive the city's future development, according to the China Daily on Tuesday, Nov 16.

The recently concluded Expo has experienced upgraded infrastructure, outdoor decoration and massive greening due to the huge event.

At least one third of the area will be transformed into either business-related facilities or commercial properties such as high-end residential apartments, shopping mall and office blocks, Chen Seng, director of the China Index Academy, reportedly said.

The site is located along the two sides of the iconic Huangpu River and taking in consideration the lack of development land in the downtown area, an analyst in Shanghai believes the land is highly likely to develop into one of the city's core financial zones.

It was also reported that a month before the Expo closed, experts from financial institutions and property firms had begun discussions about how to develop the area.
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