Ying Li International Hardware and Electrical Centre (“IEC”)
- Project Details
On 14 January 2015, Ying Li signed a Memorandum of Understanding ("MOU") with Chongqing City Shuangfu New Area Administrative Committee and Chongqing Hardware & Electrical Industry Association Alliance ("CHEIAA") to develop a new mixed-development property in Jiangjin District with a one-stop hardware and electrical appliances hub, Ying Li International Hardware and Electrical Centre (“IEC”). The strategic alliance with CHEIAA which consists of 9 trade associations, allows the Group to tap on the network to achieve an optimal selling rate. More than 900 prospective buyers representing a sellable GFA of 500,000 sqm have registered interest.
This project is in line with Chongqing government's intention to relocate more than 180 medium and large sized enterprises from Chongqing's Central Business disctrict to the secondary ring of the city. It is strategically located at Shuangfu neighbourhood in Jiangjin District, on the border of Chongqing's inner and secondary ring.
This project involves the development of a built-to-order wholesale centre, high-end retail shops, hotels, residential and a logistics distribution centre. The planned total GFA of the project is approximately 1.6 million sqm and the initial investment of the project is estimated to be around RMB1.8 billion.
|Type||Commercial (wholesale centre, high-end retail, residential, logistics distribution centre)|
|Land Area||667,000 sqm|
|Investment Cost||~RMB1.8 billion|
|Total GFA||~1.32 million sqm|
|Facts on Chongqing|
|Description||Major city in Southwest China and one of the five national central cities in China|