SHIN Tai Property Development has invested more than $200 million in Silver Lake Plaza, Xinhui, one of several developments going ahead in the city's huge Jinguzhou Industrial Development Zone. Xinhui is located in the southwest of the Zhujiang Delta, adjoining the Zhuhai special economic zone. It covers an area of 1,600 square kilometres and has a population of about 900,000. A special economic zone, Xinhui signed contracts for 550 foreign investment projects last year, a 128 per cent increase over 1991. Vice mayor of Xinhui, Ms Song Mei-lin, said the Silver Lake Plaza was an important development within the Jinguzhou Industrial Development Zone. The first phase of the zone will also include a new town at Silver Lake, offices and quarters for government officials, two residential and commercial sites and about 40 industrial sites. The Xinhui municipal government has already allocated a new site and has prepared development plans for the second phase. The new town part of the development will include Silver Lake Plaza. It is set in a scenic area with panoramic lake views. The Silver Lake new town will include the plaza, 10 luxurious villas, eight residential and commercial complexes, 15 residential buildings and luxurious hotels and motels of 12 to 16 storeys, she said.