An artist’s impression of the redevelopment project in Guangzhou’s Haizhu district. The project will yield a total gross floor area of 7 million sq ft, the company says. Photo: Handout
An artist’s impression of the redevelopment project in Guangzhou’s Haizhu district. The project will yield a total gross floor area of 7 million sq ft, the company says. Photo: Handout

Hong Kong developer New World Development’s China unit will invest US$732 million in Guangzhou urban renewal project

  • The project in Guangzhou’s Haizhu district will be NWC’s largest such undertaking in China
  • Developers are keen on urban renewal projects as land supply is limited in city centres, analyst says

An artist’s impression of the redevelopment project in Guangzhou’s Haizhu district. The project will yield a total gross floor area of 7 million sq ft, the company says. Photo: Handout
An artist’s impression of the redevelopment project in Guangzhou’s Haizhu district. The project will yield a total gross floor area of 7 million sq ft, the company says. Photo: Handout
READ FULL ARTICLE