New World China Land Limited ("NWCL" or "the Group", Hong Kong stock code: 917), held a ground breaking ceremony on the morning of 10 September for "Anshan New World Garden - Phase One", the Group's first project in Anshan, Liaoning. Dr Henry Cheng, Chairman and Managing Director of NWCL; Mr Desmond Lau, Regional Executive of NWCL, Shenyang District; and Senior Officials of Anshan Government including Mr Gu Chunli, Mayor of Anshan and Mr Sun Chunshan, Standing Deputy Mayor of Anshan, officiated the ground breaking ceremony.
In the speech given by Dr Henry Cheng, he thanked the Anshan Government and expressed his full confidence in the potential of the city. He stressed that NWCL and its mother company, New World Development Company Limited (Hong Kong stock code: 17), will continue its development in the property, department store and hotel businesses. Mr Sun Chunshan affirmed the penetrating insights of NWCL on the Anshan market, and its long-term investment strategy. He emphasized that Anshan has become one of the hot spots for investment, and an area where the foreign enterprises would heavily invest on. He hopes that the Group will grasp the opportunities and invest more in the market.
Phase one is located at the south-east of Anshan New World Garden, with an area of around 80,000 sq m. It comprises of nine towers, making a total of about 1,000 units. Each unit ranges from 90 sq m to 250 sq m. The units with 130 sq m are of 3-bedroom style. The project is expected to be completed by the end of 2010.
Situated at the north of Lincheng Street in Qianshan District High-Tech Industrial Zone in Anshan, Anshan New World Garden is of 228,000 sq m. It will be developed into a middle-to-high-end residential area and is expected to become a brand new community in the area.