Beijing Xin Jing Residence Apartments Phase IV Xin ci qi Building No. 5 — developed by New World China Land ("NWCL" or "the Group"; HK stock code: 917) in Chongwen District of Beijing formally opened. A total of 287 choice house products were presented on that day of opening. The house layout adopts a room of 30 sq m, with 1-room layout of 60 to 80 sq m, 2-room layout of 103 sq m, 107 sq m, and 122 sq m, and 3-room layout of 143 sq m, with the transaction price averaging RMB 35,000/sq m. The project is an 11 to 13-story combination of plate and tower types, with three households sharing two stairs and six households sharing two stairs. The building is expected to receive settle-in in September 2010.
Located in the north of the road 300m eastward of Ciqikou in Chongwen District, the project enjoys the core area within the 2nd ring range, with Subway Lines 2 and 5 and Line 7 under planning intersect nearby. The planned building area of the project is 33,950 sq m, including the sellable residential area of 31,986 sq m, and bottom business area of 1,964 sq m. The project shares the modern business and clubhouse of Beijing New World Center and New World Taihua Serviced Apartment, and attracts many house buyers with high cost performance and product rareness. By now, 200 sets of the project have been sold with agreements.