Keppel Land buys new Shenyang site for integrated township development

Keppel Land has bought a 10 hectare site in Shenyang’s Shenbei New District for about S$31 million.

This parcel is located next to another site which Keppel bought in August 2007.

The combined area of some 34 hectares will house an integrated township development, with a mix of mid- and high-rise apartment blocks.

The new township is surrounded by residential, commercial, high technology industrial developments and educational institutions.

The development, which is scheduled for completion in 2013, will have about 5,600 homes, with a total gross floor area of over 675,000 square metres.

The first phase of the development, targeted at upper and middle income home buyers is due to be launched in 2009.

Shenyang is the capital city of Liaoning Province. It is seen as an important industrial and transportation centre in northeast China. – CNA/vm

Source : Channel NewsAsia – 18 Jun 2008

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