RHXC Phase 3 sells over 80% in first two days
Sales of Phase 3 of Rui Hong Xin Cheng (RHXC) commenced on 25 July and drew great attention among customers and investors to its debut “customised apartments” concept in China and its positioning as an international modern residential community. The average selling price was about RMB28,000 per sq.m. Over 212 units were sold out just in first two days, or 86% of the units launched in this batch.
Strategic partnership signed between SOL and Redevco
Shui On Land (SOL) signed a strategic partnership with European retail real estate magnate Redevco to collaborate on developing the shopping centre section in the Wuhan Tiandi Commercial Cluster on 9 July. It occupies a GFA of 100,000 sq.m., the estimated total investment will exceed RMB2 billion. To fully capitalise on each other’s competitive advantages, division of labour will be adopted. SOL will be responsible for the master-plan as well as the construction management of the project, while Redevco will take up design and concept development, asset management, marketing and promotion. Construction of the joint project is scheduled to commence in the fourth quarter of 2010 and to be completed in 2012. Mr. Vincent Lo, Chairman of SOL, and Mr. Dominic Brenninkmeyer, Chairman of Redevco, signed the memorandum.
Foshan Lingnan Tiandi Painting and Calligraphy Salon
The “Foshan Lingnan Tiandi Painting and Calligraphy Salon”, one of the programmes of 2009 Lingnan Cultural Year, was held at Jian’s Mansion on 11 July. Improvisations by more than 30 calligraphers and painters attracted more than 100 viewers. Cultural salon will hold a variety of programmes every two months including Foshan pottery, Cantonese opera and Lingnan delicacies.