A 9,593 square metre commercial/residential site in the Changning district of Shanghai is being offered for sale to meet growing developer interest. The site, at 369 Xian Xia Road, had approval for the development of a 72,100 sq metre commercial and residential complex, sales agent Colliers Jardine said. The property consultant said buyers could save time because the site had a detailed design approved by the local government. Bill Cheung, Colliers Jardine director of investment sales in China, said up to 30 per cent of investment return was expected from developments at the site because of its location. The Xian Xia Road site is a 15-minute drive from Hongqiao International Airport, as well as the central business districts of Huaihai Zhonglu and Nanjing Xilu. Many Hong Kong developers, including Lai Sun Group, have developments in the Changning district. Matthew Lam, deputy chief executive at Lai Fung Holdings, the mainland property arm of Lai Sun, said it was seeking building approval for a residential project in Changning. The project could provide a floor area of about 160,000 sq metres, including a 60,000 sq metre shopping arcade. He expected construction to begin early next year and the project would target buyers in the high-end market.