henderson 688 in mainland china...located in the scenic area of jin shi tan, in proximity to a...

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HENDERSON 688 SHANGHAI

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H E N D E R S O N 6 8 8S H A N G H A I

ChangshaThe Arch of Triumph (100% owned*)

BeijingLakeside Mansion (24.5% owned)

“The Arch of Triumph” is a community development with around 6,700,000 square feet of premium residential units to be built in three phases. Its 33-storey Arc de Triomphe-style building is a landmark development in this new town of Xingsha. Phases 1, 2A, 2B, 3A and 3B were completed and delivered to buyers already. A prestigious school in Changsha, namely Datong Xingsha Primary School, has also been built and become operational. The remaining phase will provide approximately 380,000 square feet of residential area, in addition to 40,000 square feet of commercial facilities upon completion in 2019.

(*CIFI Holdings (Group) Co. Ltd. (“CIFI”), which participates in the development of Phases 3B and 3C, shares 30% of their costs and economic interests.)

Located in the central villa area of Houshayu town, Shunyi district, “Lakeside Mansion” is adjacent to the Luoma Lake wetland park and various educational and medical institutions. The site of about 700,000 square feet will be developed into low-rise country-yard townhouses and high-rise apartments, complemented by commercial and community facilities. Construction works have commenced and it is scheduled for completion in the third quarter of 2020, providing a total gross floor area of about 1,290,000 square feet for 979 households. The first batch was launched for sale in the third quarter of 2018.

The Arch of Triumph, Changsha

Lakeside Mansion, Beijing (artist’s impression)

Review of Operations – Business in Mainland China

Progress of Major Development Projects

Changsha NationalEconomic-Technological

Development Area

Songya Lake

Changsha

KaiyuanEast Road

Tangpo Road

Wangxian Road

East

Fou

rth

Road

East

Thi

rd R

oad

East

Sec

ond

Road

East

Fir

st R

oad

Hua

Li K

an S

tatio

nH

ou S

ha Y

u St

atio

n

LuomaLake

Beijing

Hou Sha YuTown Hall

Shun Yi District Airport Hospital

Hou Sha Yu Primary School

Branch of Beijing High School No. 4

Tian

bei R

oad

Yuan

Roa

d

Huosha RoadShuang Yu Street

An Fu Street

Jing

Mi

Expr

essw

ay

Subw

ay L

ine

No.

15

Henderson Land Development Company LimitedAnnual Report 2018 62

ChangshaThe Landscape (50% owned)

Located in Kaifu District with convenient access, the 5,490,000-square-foot land lot will be built in five phases, offering luxury villas, high-rise apartments and commercial facilities with a total gross floor area of around 9,500,000 square feet for 6,280 households. Phase 1 with a total gross floor area of 1,080,000 square feet is under construction and is scheduled for completion at the end of 2019. The first batch of Phase 2 is also under construction and it will provide a total gross floor area of 1,040,000 square feet upon its scheduled completion in 2020. These two batches were launched for pre-sale at the end of 2018 with satisfactory market responses. A prestigious school, namely, Changsha Lushan Gaoling Experimental School, is also being built.

The Landscape, Changsha (artist’s impression)

Henderson Land Development Company LimitedAnnual Report 2018 63

Review of Operations – Business in Mainland China • Progress of Major Development Projects

Changsha

Zhong Qing Road

Kai Fu Avenue

Chang Sha Ring Expressway

Xinglian

Road

North 2nd Ring Road

GaolingTransportation

Hub

Lushan Gaoling Experimental School(under construction)

XiufengshanPark

ChengduChengdu ICC (30% owned)

Chengdu ICC, Chengdu

The 14-million-square-foot Chengdu ICC in a future business hub of Chengdu is an extensive integrated development above an interchange station of two subway lines. The project also provides convenient inter-city transport with its close proximity to the Chengdu East Rail Station, while the nearby Tazishan Park and Shahe River bring a refreshing and verdant touch to the project. Consisting of seven million square feet of premium residences, four million square feet of prime office space, 1.8 million square feet of quality retail space and a five-star hotel, the project is being developed into a complex equipped with resourceful education and entertainment facilities.

The 1,600,000-square-foot Phase 1, namely Sirius, was virtually sold out and handed over to buyers by 2016. The 700,000-square-foot Phase 2A, namely The Arch • Chengdu, was also virtually sold out, with buyers starting to take possession of their units beginning in May 2018. The quality of the residential units has been well received.

The two approximately 150-metre-tall residential towers of Phase 2B, namely The Arch Suites, will provide over 1,100 quality units totalling about one million square feet of gross floor area. Superstructure work for Phase 2B is progressing smoothly. Superstructure work for the 1.2-million-square-foot shopping mall in Phase 3 is progressing as planned. Scheduled to open by the end of 2020, the premium shopping mall will offer customers a unique and relaxing lifestyle experience.

Superstructure works for two high-rise office towers commenced at the end of 2018 and they will provide prime office space of approximately 2.3 million square feet upon their scheduled completion in 2021.

Wangjianglou Park

TazishanPark

Lijieren FormerResidence

Chengdu

ChengduMetro Line 2

Guyap

o Roa

d

Jingkang RoadYidu Ave

Shahepu StreetJinhua Road

2nd

Ring

Roa

d

Shuanggui Road

Dongda Road

Shuangqing Road

Jingjusi Road

Henderson Land Development Company LimitedAnnual Report 2018 64

Review of Operations – Business in Mainland China • Progress of Major Development Projects

Located in the scenic area of Jin Shi Tan, in proximity to a light-rail station and Maple Leaf International School, a site of about 3,200,000 square feet will be developed in phases into a low-density luxury residential project. Complemented by a resident clubhouse and commercial facilities, it will provide an aggregate gross floor area of about 1,400,000 square feet for about 1,600 households. The final phase of the development, which comprises a total residential gross floor area of about 130,000 square feet, is scheduled for completion in 2019.

Henderson • Country Garden Jin Shi Tan Project, Dalian (artist’s impression)

DalianHenderson • Country GardenJin Shi Tan Project (50% owned)

Jinshiyuan

Dalian GoldenPebble Beach Hospital

Dalian

Yintan Road

Haibin Road

Guans

hi Roa

d

Zhongxin Street

GuangzhouLumina Guangzhou (formerly known as “Haizhu Square Station Project”) (100% owned)

Lumina Guangzhou, Guangzhou (artist’s impression)

In the Yuexiu District, “Lumina Guangzhou” sits on the banks of Pearl River with direct connection to two subway lines and will include an experience-based shopping mall and two Grade-A office towers, providing a total gross floor area of about 1,800,000 square feet. It is scheduled for completion at the end of 2019. Besides, an additional underground space of about 400,000 square feet will be available for commercial use. Commercial space will then extend from the shopping mall to the underground piazza, providing a multifarious experience of shopping, leisure and entertainment.

Haizhu Square Metro Station

Gong Yuan Qian Metro Station

Guangzhou

Jiefang M

iddle Road

Subway Line 2

JiefangSouthRoad

TongqingRoad

Subway Line 6

Henderson Land Development Company LimitedAnnual Report 2018 65

Review of Operations – Business in Mainland China • Progress of Major Development Projects

GuangzhouCentral Manor (18% owned)

Central Manor, Guangzhou (artist’s impression)

Shiji

ng R

iver

Shijing CreativeBusiness Park

TancunPark

ShitanStationTancun

Zhangcun Park

GuangzhouBaiyun Guangya

Experimental SchoolZhangJiuling

MemorialPark

Guangzhou

Shita

nRo

ad

Shic

ha R

oad

Pingsha North Street

Baoya South Road

Plan

ned

Road

Qin

gcha

Roa

d/G

uang

qing

Con

nect

ing

Line

Qiaodo

ng Ji

wei

Down S

treet

Subw

ay L

ine

8(U

nder

Con

stru

ctio

n)

B aoya N

orth Road

Located in Shijing Town, Baiyun District, with Shijing River and the impending Shitan subway station in its proximity, a residential land lot of about 390,000 square feet will be developed in two phases into high-rise residences. Construction work for Phase 1 is in progress and it is scheduled for completion in mid-2020. Phase 2 is also under construction and is planned for completion at the end of 2020. They will provide an aggregate gross floor area of over 1,440,000 square feet.

GuangzhouZengcheng Project (10% owned)

Located in Sanlian village, Zengcheng District, in the proximity of Guangshan highway and Zhonggang station of the planned subway line 21, a land lot of 920,000 square feet will be developed into high-rise apartments, complemented by commercial and community facilities. The construction works will commence in early 2019 and provide a total gross floor area of around 2,750,000 square feet upon its scheduled completion in 2021.

Zengcheng Project, Guangzhou (artist’s impression)

Guangzhou

Zengcheng Secondary

School

Zhonggang StationLicheng

Sanlian Primary School

Guangshan HighwaySubway Line 21 Zengcheng Ave

Licheng Ave

Henderson Land Development Company LimitedAnnual Report 2018 66

Review of Operations – Business in Mainland China • Progress of Major Development Projects

NanjingEmerald Valley (100% owned)

ShanghaiLumina Shanghai (formerly known as Xu Hui Riverside Commercial Project) (100% owned)

Emerald Valley, Nanjing

Located in Xianlin New District, this land lot of approximately 1,600,000 square feet will be developed in three phases into a high-end residential project, complemented by a nursery, amenities and a community centre and other facilities, providing an aggregate gross floor area of about 1,100,000 square feet. With the relocation of universities and colleges to this district and the opening of Xianlin Centre subway station, this university town’s community facilities and transportation network are being further enhanced. Phases 1 and 2 were completed already. The first block of Phase 3 development, comprising mainly the commercial and community facilities with an aggregate gross floor area of about 50,000 square feet, was also completed at the end of 2018. The remaining residential portion of phase 3 is under development.

Lumina Shanghai, Shanghai (artist’s impression)

Located in the bustling Xuhui Riverside District, “Lumina Shanghai” commands breathtaking views of Huangpu River. The entire project will be completed in two phases. Phase 1, which consists of a 280-metre-tall Grade-A office tower and a commercial podium with seamless connection to Longyao Road station of subway line No. 11, will provide about 1,800,000 square feet of office space and about 210,000 square feet of retail space upon its scheduled completion in 2020. Phase 2, which consists of 4 office towers, 5 commercial towers and a multi-functional event venue, will provide about 870,000 square feet of office space and about 100,000 square feet of retail space upon its scheduled completion in 2021.

XuezeRoad Station Xianlin

Centre Station

Golden EagleShoppingCentre

Nanjing NormalUniversity

Nanjing FinancialUniversity

Nanjing NormalUniversity (ZB)

Nanjing

Wenyuan Road

Wenlan Road Road

Xuelin

312 S

tate

Highw

ay

West Bund Media PortLongyao Road

Station

YunJin RoadStation

Longyao Road

Tunnel

Huang PuRiver

Shanghai

Longyao Road

Henderson Land Development Company LimitedAnnual Report 2018 67

Review of Operations – Business in Mainland China • Progress of Major Development Projects

ShanghaiMiddle Huaihai Road Project (50% owned)

ShanghaiLin Gang Nanhui New Town Project (Lot NNW-C4A-02) (32% owned)

Its prime location close to both Madang Road and Xintiandi subway stations, together with its green features and intelligent facilities, make this office development a new benchmark in the Middle Huaihai Road business hub. Basement work is underway. The project, which comprises office and retail space with an aggregate gross floor area of about 280,000 square feet, is slated for completion in the fourth quarter of 2020.

Middle Huaihai Road Project, Shanghai (artist’s impression)

Lin Gang Nanhui New Town Project (Lot NNW-C4A-02), Shanghai (artist’s impression)

This project is situated at Lin Gang New Town, Pudong. With a total gross floor area of about 793,000 square feet, the project will contain 819 units in a blend of houses and high-rise apartments. It is planned for a single-phased completion in the fourth quarter of 2020. The first batch will be launched for pre-sale in the first quarter of 2019.

Shanghai

ShanghaiJiaotong

UniversitySchool

of Medicine

Xintiandi Station

MadangluStation

Subway Line No.13

Subway Line No.10

Hefei Road

Huangpi South Road

Madang Road

Danshui Road

North-South

Elevated Road

Jianguo East Road

Subway

Line No.9

Shanghai

DishuiLake

ChinaMaritimeMuseum

ShanghaiEast High

School

ShanghaiHaichang

Ocean Park

Nanhui New TownComprehensiveService Building

Nanhui New

Town

ShanghaiPlanetarium

DishuiLake

Station

Lin GangAvenue Station

Shen Gang Avenue

Ling Lan

Road

Qi Qing Road

Metro Line 16

Bai Jing Road

Arou

nd Th

e Lake

The T

hird R

oad

The

Firs

t Roa

dAr

ound

The

Lak

e

Shan

ghai

City

Rin

g Ro

ad

Henderson Land Development Company LimitedAnnual Report 2018 68

Review of Operations – Business in Mainland China • Progress of Major Development Projects

ShanghaiLin Gang Nanhui New Town Project (Lots NNW-C4D-08 and NNW-C4D-09) (25% owned)

Lin Gang Nanhui New Town Project (Lots NNW-C4D-08 and NNW-C4D-09), Shanghai (artist’s impression)

In Lin Gang New Town, Pudong, two adjoining land lots will be jointly developed into a low-density residential development, providing a total gross floor area of about 830,000 square feet against the total site areas of about 690,000 square feet. Offering nearly 900 apartment units, the project is complemented by ample greenery and a wide range of amenities. It is scheduled for a single-phased completion in the fourth quarter of 2020. The first batch will be launched for pre-sale in the first quarter of 2019.

Shanghai

DishuiLake

ChinaMaritimeMuseum

ShanghaiEast High

School

ShanghaiHaichang

Ocean Park

Nanhui New TownComprehensiveService Building

Nanhui New

Town

ShanghaiPlanetarium

DishuiLake

Station

Lin GangAvenue Station

Shen Gang Avenue

Ling Lan

Road

Qi Qing Road

Metro Line 16

Bai Jing Road

Arou

nd Th

e Lake

The T

hird R

oad

The

Firs

t Roa

dAr

ound

The

Lak

e

Shan

ghai

City

Rin

g Ro

ad

ShenzhenNanshan Project (50% owned)

Located in Nanyou section of Nanshan District, with the impending subway stations of Lixiang and Nanyou in its proximity, a 70,000-square-foot land lot will be developed into an integrated complex with industrial R&D office space, dormitory, and commercial facilities. Construction works will commence in 2020 and it is scheduled for completion in 2023, providing a total gross floor area of around 420,000 square feet.

Nanshan Project, Shenzhen (artist’s impression)

Shenzhen

Nanyou Station

Lixiang Station

Nangu

ang R

oad

Xiangn

an R

oad Nan

hai A

ve

Yue Hai Road

Dongbin Road

Subway Line 9 Extension

(under construction)

Deng Liang Road

Henderson Land Development Company LimitedAnnual Report 2018 69

Review of Operations – Business in Mainland China • Progress of Major Development Projects

SuzhouRiverside Park (100% owned*)

Riverside Park, Suzhou

Riverside Park, a community development project in Xiangcheng District, is supported by increasingly improved facilities. Benefitting from Suzhou’s picturesque beauty and reputation as the “Venice of the East”, the development nestles among scenic water themed surroundings. The entire project will comprise over 6,360,000 square feet of gross floor area to be completed in six phases. Phases 1 to 5, with a total gross floor area of about 5,150,000 square feet for 4,191 residences, have been completed already, whilst the remaining 1,090,000 square feet for 892 luxury residences under Phase 6 was also completed and delivered at the end of 2018. Adjacent to the residential community of Riverside Park, there is an integrated commercial project. Phase 1, which boasts a total gross floor area of about 990,000 square feet, was completed and delivered in 2017. Phase 2 with a total gross floor area of about 1,100,000 square feet is under planning and construction is estimated to commence in 2019.

(*CIFI, which participates in the development of Phase 5 (Block Nos. 24 and 30), Phase 6 and the commercial project, shares 30% of their costs and economic interests.)

XutuGangMetroStation

SuzhouRailway Station

Yua

n H

e T

an

Tiger Hill Scenic Zone

Huo Li DaoStation

Suzhou

Sujia

hang

Exp

ress

waySu

bway

Line

2

Renm

in R

oad

Shanghai-Nanjing ExpresswaySubw

ay L

ine

4

Yangchenghu Rd. (W)

Chunshenhu Rd. (W)

SuzhouLuzhi Project (50% owned)

Located in Luzhi, Wuzhong District, this low-density residential development spans a site area of about 310,000 square feet, offering 340 apartment units with a total gross floor area of about 460,000 square feet. This project also boasts a sizeable central landscaped garden so as to provide a healthy and comfortable living environment. Superstructure work is in progress and it is scheduled for completion in the second quarter of 2019.

Luzhi Project, Suzhou (artist’s impression)

Suzhou

Beigang River

Honggang Road

Yingyue

No.2 Road

Luzhi Avenue

Henderson Land Development Company LimitedAnnual Report 2018 70

Review of Operations – Business in Mainland China • Progress of Major Development Projects

SuzhouXuguan Project (35.037% owned)

SuzhouXukou Project (50% owned)

Xukou Project, Suzhou (artist’s impression)

Located in Wuzhong District of Western Suzhou, the 520,000-square-foot land lot in Xukou is being developed into 1,149 residential units with a total gross floor area of over 1,300,000 square feet. The transportation convenience will be further enhanced by its strategic location, which is right above a station linking the currently under-construction subway line No. 5. Superstructure work is underway and it is slated for completion in the third quarter of 2019.

Located in Xushuguan Development Zone of Gaoxin District, an 870,000-square-foot land lot will be built as a community development with a total gross floor area of over 1,820,000 square feet for above 1,400 households, complemented by supporting facilities. The entire project will be completed in two phases. The construction works for Phase 1 with a total gross floor area of around 800,000 square feet have commenced with scheduled completion in the first quarter of 2020. The first batch of residential units was launched for pre-sale in the fourth quarter of 2018.

Suzhou

Sunwu Road Xu Kou

Town Hall

Rail

Tran

sit L

ine N

o.5

(Und

er C

onstr

uctio

n)

Xu Kou Experimental

Primary School Maopeng Road

SANYO Energy(Suzhou) Co. Ltd.

YangshanExperimentalSchool

Suzhou Xinqu Wenchang Experimental Primary School

RT-MartSupermarket

Suzhou

Tramcar Line 2

Metr

o Lin

e 3

(Und

er C

onstr

uctio

n)

Urban Express Way

Middle Ring Express Way

WenChang Road Railway Station

Suzhou XinquRailway Station

Hongfu RoadStation

Xuguan Project, Suzhou (artist’s impression)

Henderson Land Development Company LimitedAnnual Report 2018 71

Review of Operations – Business in Mainland China • Progress of Major Development Projects

XianLa Botanica (50% owned)

La Botanica, Xian (artist’s impression)

Jointly developed by the Group and CapitaLand Limited, La Botanica is located within the scenic Chan Ba Ecological District with a subway line connecting it to the city centre. This community development will have a total gross floor area of about 32,850,000 square feet, providing homes for over 28,000 households upon full completion. Phases 1A, 1B, 2A, 3A, 2R6, 4R1, 2R2, 2R4 and 2R5 (first section), with a total gross floor area of 15,950,000 square feet, were completed and delivered to buyers. Phases 3R2 and 2R5 (second/third sections), which comprise about 2,160,000 and 1,900,000 square feet of gross floor areas respectively, are planned to be completed and delivered to buyers in the second quarter of 2019 and the third quarter of 2020 respectively. Phases 3R4 and 2R3, which were newly commenced in 2018, with total gross floor areas of 1,470,000 and 840,000 square feet respectively, are expected to be put up for sale in the second and third quarter of 2019 successively. The land use certificate for Plot 1 is expected to be obtained in the first quarter of 2019, and the development of this plot is planned to commence in the second quarter of the same year. By the end of 2018, 18,083 residential flats had been sold for the whole project. At site 4M1, the first phase development of an integrated shopping mall was completed in the fourth quarter of 2018 and is planned to open for business in mid-2019.

Daming Palace National Heritage Park

Hujia TempleStation

Shi Jia Jie Station

Xi’an Universityof Technology

Tong Hua Men Station

ChanheStation

Xi’an PolytechnicUniversity

Chan River

Tao Hua Tan Station

XianSubway Line 3

SubwayLine 1

ChangleRoad East

Second Ring Road North

Thir

d Ri

ngRo

ad E

ast

XilinExpressway

CityExpressway

Huaqing

Road

East

Rin

g Ro

ad

Seco

nd R

ing

Road

Eas

t

NorthRing Road

Henderson Land Development Company LimitedAnnual Report 2018 72

Review of Operations – Business in Mainland China • Progress of Major Development Projects

XuzhouGrand Paradise (100% owned)

XianPalatial Crest (100% owned)

Palatial Crest, Xian

Adjacent to the Hujia Temple subway station, Palatial Crest is conveniently located at Jinhua North Road on the main artery of Second Ring Road East. The entire project has been completed in three phases, offering a total residential gross floor area of over 3,470,000 square feet for 2,744 households. Phases 1-3A, comprising an aggregate residential area of about 3,250,000 square feet, were completed. Phase 3B, comprising approximately 220,000 square feet of residential apartments, was also completed recently. They will be handed over to buyers in April 2019.

Grand Paradise, Xuzhou

Catering to mid to high-end home buyers, Grand Paradise benefits from the beautiful natural landscape of Dalong Lake, convenient transportation and a comprehensive range of facilities. Premium residences with a total gross floor area of about 4,500,000 square feet were handed over to buyers. The project also boasts a commercial area of about 610,000 square feet, of which 225,000 square feet is slated for completion in 2019.

Daming Palace NationalHeritage Park

Tong Hua MenStation

Changle ParkXi’an PolytechnicUniversity

Xi’an Universityof Technology

Kangfulu Mall

Hujia TempleStation

HuadongWanhe City

Xian Subway Line 3

Seco

nd R

ing

Road

Eas

t

Huaqing Road

Don

gzha

nRo

ad

Changying RoadSubway Line 1

MunicipalGovernment

NewTown

To Airport

Dalong Lake

Xuzhou

Lianhuo Expressway

Yingbin Road

Xiaoxiang Road

Lishui Road

Henderson Land Development Company LimitedAnnual Report 2018 73

Review of Operations – Business in Mainland China • Progress of Major Development Projects

YixingGrand Lakeview (100% owned*)

Grand Lakeview, Yixing

Set amongst lush, tranquil surroundings in Dongjiu District, Grand Lakeview is just a five-minute drive away from the city centre. To be completed in six phases, this lakefront development offers luxury living in a mix of semi-detached and duplex houses, multi-storey and low-rise apartments, providing an aggregate gross floor area of about 9,000,000 square feet for over 6,800 households. Phases 1A/1B/1C/1D at Site F, as well as Phases 1A/1B/1C at Site B1, have both been completed providing a residential/commercial area of about 3,550,000 square feet in aggregate. Phases 2 and 3 at Site F, as well as Phases 2 and 3 at Site B1, will in aggregate provide a residential/commercial area of about 5,200,000 square feet for over 4,000 households. Construction has commenced on all of these phases except Phase 2B at Site F. Phase 2A at Site F is scheduled for completion in the second quarter of 2019. Phase 2 at Site B1 is slated for completion in the fourth quarter of 2019. Phase 3 at Site B1 is planned for completion in the fourth quarter of 2020. Phase 3 at Site F is scheduled for completion in the second quarter of 2021.

(*CIFI, which participates in its development of Phases 2A, 2B and 3 at Site F and Phases 2 and 3 at Site B1, shares 50% of their costs and economic interests.)

Dongjiu Lake

Daxi River

Yixing Hospitalof Traditional

Chinese MedicineYixingDongyu

ElementarySchool

ChengdongExperimentalPrimarySchool

Yixing

Feng

Yin

Road TaihuAvenue

Yangxian East Road

Don

gjiu

Ave

nue

Yangquan East Road

Jingy

iSo

uth R

oad

Xiangtou East Road

Henderson Land Development Company LimitedAnnual Report 2018 74

Review of Operations – Business in Mainland China • Progress of Major Development Projects