Keppel Land acquires waterfront site in Guangdong province

Developer Keppel Land has acquired an additional 66 hectares of a waterfront site in Zhongshan in China’s Guangdong province.

This now completes Keppel Land’s acquisition of an 86 hectare site for its first waterfront residential cum marina development in China.

Keppel Land had first announced in April 2008 its interest to develop premium waterfront homes in the affluent Pearl River Delta region of Zhongshan.

When completed, the development will yield about 2,000 luxurious villas with private berths, condominium units and serviced apartments.

The total development cost for the first phase is estimated to cost about S$225 million.

Keppel Land said about 30 per cent of the total land area would be used to create channels and waterways for private berthing of about 550 boats, a clubhouse, a sailing academy and comprehensive recreational facilities for a marina lifestyle.

Targeted at the upper-middle income segment, the launch for the first edition of waterfront homes is expected in early-2012 and will feature luxurious villas of various sizes in excess of 400 square metres.

Construction is scheduled to commence in phases from the end of this year.

Source : Channel NewsAsia – 16 Sep 2010

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