COLLIERS Jardine has been appointed exclusive agent in Hong Kong for promoting the sale and lease of land and buildings within Yuan Hong Industrial Park. The 50-square kilometre project currently under development by Hagemeyer Pacific Construction and Development (Fujian), is the second largest industrial development in China. The project is located at Fuqing in Fujian province, about 80 km south of Fuzhou, the capital of the province. Only 85 nautical miles from Hsinchu Port and 125 nautical miles from Keelung Port, Fuqing is the closest point in China to Taiwan. The project claims to be one of the first industrial property developments in China incorporating world class industrial park planning with international port facilities. Property buyers and prospective tenants can benefit from a ''one stop service'', for company registration and business licence applications, building construction and technical consultancy, recruitment, government liaison , housing for workers and executives, estate management, financial services and port and freight forwarding services. Investors will also enjoy tax free status from local governments and a low tax rate from the central government. Fujian is attracting the second largest foreign investment of all China's provinces, with HK$21.6 billion coming in 1993. The park's facilities offer convenience equivalent to that in Hong Kong; the new Changle International Airport is only 20 kilometres away. Fuxia expressway provides an easy link to Guangdong and Shanghai. The most modern telephones, pagers and mobile phone services are available. According to Scott Callender, director of Colliers Jardine Industrial Division, the most important difference between this and other projects in China is that the vast majority of the park's infrastructure development is already completed or under construction. In addition, the project is backed by a reputable and reliable consortiums from Singapore and Indonesia, ensuring that development commitments will be fulfilled. Mr Callender said: ''We believe the project will not only attract the interest of multinationals, but also locally-based companies who already have a branch factory in Guangdong province and are drawn to [the park] by the low production costs. ''A number of major companies have already committed to land purchases in the park with total investment of about US$350 million and many other companies are showing a keen interest in this international standard development,''.