review of operations – business in mainland china and ...€¦ ·...
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AnshanshiJustice Bureau
Anshan Laoganbu University
Anshan Gateball FieldAnshanYufo Court
AnshanInternational Hotel
HuaixiangRoad
Yuan
lin R
oad
Anshan
Project in Yingchengzi, Anshan (artist’s impression)
Huihuayuan
CuijiatunVillage
GaoguanlingVillage
GaoguanlingElementarySchool
Anxia Line
Kuanggong Road
Gui
hua
Roa
d
Cui
jia W
est R
oad
Cuijia North Road
Yingcui Road
HunanStreet
Ying
chen
gR
oad
Anshan
Old Stadium Site, Anshan (artist’s impression)
HendersonLandDevelopmentCompanyLimitedAnnualReport201166
ReviewofOperations–BusinessinMainlandChinaandMacau
ProgressofMajorDevelopmentProjects
Adjacent to the scenic Yufoshan municipal park, an old stadium site ofapproximately 600,000 square feet in the city centrewill be developed inphases into a high-end residential communitywith a total gross floor areaofapproximately3,700,000squarefeet.Constructionofthefirst1,200,000squarefeetofresidencesplus60,000squarefeetofclubhouseandcommercialareaisnowunderwayandscheduledforcompletioninthefourthquarterof2013.
IntheQianshanDistrict,alandlotofapproximately5,500,000squarefeetwillbedevelopedinphasesintoalargescaleresidentialcommunitywithatotaldevelopablegrossfloorareaofabout14,000,000squarefeet.Siteformationisinprogress.
AnshanOld Stadium Site (100% owned by the Group)
Project in Yingchengzi (100% owned by the Group)
The Arch of Triumph, Changsha (artist’s impression)
XingshaTown Changsha National
Economic-TechnologicalDevelopment Area
Songya Lake
Wangxian Road
Yanghu Road
KaiyuanEast Road
Eas
t Thi
rd L
ine
Eas
t Fou
rth
Line
Eas
t Fir
st L
ine
Eas
t Sec
ond
Line
Changsha
Chengdu ICC, Chengdu (artist’s impression)
Chengdu Hotel
Shengli Cinema
TazishanPark
Wangjianglou Park
Lijieren FormerResidence
Shuangqing RoadShuanggui Road
Dongda RoadYidu Ave
Jingjusi Road
Jinhua Road
2nd
Ring
Roa
d
Guyap
o Roa
d
Chengdu
ReviewofOperations–BusinessinMainlandChinaandMacau•ProgressofMajorDevelopmentProjects
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Chengdu ICC is in a prime area ofDongdajie commercial and financialdistrict near the second ring road and River Shahe,with a panoramic viewofTazishanPark.Itwillbeconnectedtoametrostationlinkingthecurrentlyunder-constructionLineNo.2andtheproposedLineNo.8,andwillbejusttwostopsfromtheChengduEastrailstation offering easy access to other
partsofthecountry. Thisprojectwillhaveover13,000,000squarefeetofgrossfloorarea,includingtwodistinctive280-metretowersregardedasthe“TianfuGateway”.ThedevelopmentwillincludeGrade-Aoffices,amodernshoppingmall,afive-starhotel,anobservationdeckandluxuryresidences.Construction of the first ten residential towerswith 1,600,000 square feetofgrossfloorareahasalreadycommencedandthefirstphaseofthedeluxe“Sirius”residencewillbelaunchedtothemarketshortly.
TheArchofTriumphisacommunitydevelopmentwithover7,750,000squarefeetofpremiumresidentialunitsbeingbuiltinthreephasesandits33-storeyArcdeTriomphe-stylebuildingisalandmarkconstructioninthisnewtownofXingsha.Phase1Aofabout620,000squarefeetofresidenceswascompletedinJune2010,whilstanother640,000squarefeetofresidentialspaceplus30,000squarefeetofclubhouseandcommercialareainPhase1Bwerealsofinishedattheendof2011.Bothphaseswerehighlysoughtafterbyhome-buyersandover94%oftheresidentialspacehasbeensold.Constructionofanother1,610,000squarefeetofresidencesbeganinJuly2011andtheywillbereleasedinbatchestothemarketinMay2012.
Changsha The Arch of Triumph (99% owned by the Group)
Chengdu Chengdu ICC (30% owned by the Group)
Grand Waterfront, Chongqing (artist’s impression)
Yangtze River
Jiulong Port
EgongyanBridge
Nanbin Road
Haixia Road
Dashi R
oad
Danhui R
oad
Chongqing
Villa Green, Chongqing (artist’s impression)
Jin Shi Tan project, Dalian (artist’s impression)
Dalian Golden Pebble Beach Hospital
Jinshiyuan
Haibin Road
Nan
hu S
tree
t
Zhongxin Street
Guans
hi R
oad
Yinta
n Road
Dalian
Jade Park
Chongqing High TechDevelopment Zone
Jade Park
Chongqing High TechDevelopment Zone
Panlong Avenue
Chuangxin Road
Ying
Bin
Ave
nue
Ying
Bin
Ave
nue
Kecheng RoadChengyu E
xpressw
ay
Chongqing
ReviewofOperations–BusinessinMainlandChinaandMacau•ProgressofMajorDevelopmentProjects
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Located on a site next to the Chengdu-Chongqing Expressway with many scenicattractionssuchasCaiyunLakeandJadeParkin the proximity, this 2,800,000-square-footdevelopmentisplannedtocompriseresidentialapartments, clubhouse, kindergarten andshopping facilities, providing homes forover 2,000 families. The entire project willbe completed in three phases and Phase 1development, including 306 residential units
withatotalgrossfloorareaofabout500,000squarefeet,wasalreadycompletedinNovember2011andcumulativelynearly50%ofithasbeensoldsinceitslaunchinlate2010.
ChongqingGrand Waterfront (100% owned by the Group)
DalianJin Shi Tan project (100% owned by the Group)
Villa Green (100% owned by the Group)
In Jin ShiTan, a land lot of about 3,200,000squarefeetistobedevelopedintoalow-densityluxury residentialproject, complementedbyaresident clubhouse and commercial facilities,providinganaggregategrossfloorareaofabout1,600,000 square feet for 400 houses. Sitepreliminaryworksareinprogressandthefirstbatchof182housesisexpectedtobelaunchedin2013.
AdjacenttoamunicipalparkintheNan’anDistrict, Grand Waterfront will be aluxuryriversideresidentialdevelopment,complemented by a commercial area, akindergartenandclubhousefacilities.Theuniquely-designed,rhythmicgroupingofits 23 apartment towers will offer mostofits3,050residentialunitsanexpansivesouthernviewoftheYangtzeRiver.Thewholeproject,withatotalgrossfloorarea
ofapproximately3,700,000squarefeet,willbecompletedinfourphases.Phase1ofabout1,000,000squarefeetfeaturingabout892apartmentsisnowunderconstructionandplannedforcompletioninthesecondquarterof2012.ThefirstbatchwaslaunchedforsaleinOctober2011.
Xueze Road Station
Xianlin Centre Station
Nanjing NormalUniversity
Nanjing FinancialUniversity
Golden EagleShoppingCentre
School Supply Supermarket(Shop@Nanjing Polytechnic College)
Xuelin Road
312 S
tate
Hig
hway
Wenyuan Road
Wenlan Road
Nanjing
Emerald Valley, Nanjing (artist’s impression)
Treasure Garden, Nanjing (artist’s impression)
Xidian
Liaoning Universityof TraditionalChinese Medicine
Xiao Yao Wan
Liaohe East Road
Jinshi Road
Dalian
Nanjing RailwayStation
Maigaoqiao MetroStation
Hongshan ZooMetro Station
Hon
gsha
n R
oad
Heyan Road
Nanjing
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LocatedatthedowntownareaofQixiaDistrict,TreasureGardencontains605luxuryresidenceswith a total gross floor area of approximately900,000 square feet. WithMaigaoqiaometrostation nearby, this residential project alsoenjoys plenty of lifestyle and daily amenitiessuchashealthcare,culturalandsportsfacilitiesin its vicinity. Construction is progressingsmoothly. It is scheduled for single-phasedcompletionbythethirdquarterof2013andsalelaunchisexpectedtobeheldinthethirdquarterof2012.
Nanjing Treasure Garden (90.1% owned by the Group)
Xiao Yao Wan Composite Development (formerly known as Wolong Bay Composite Development) (100% owned by the Group)
Emerald Valley (100% owned by the Group)
Designed by world-renowned Aedas Limited, this composite commercial and residentialdevelopment projectwill have over 8,700,000 square feet of grossfloor area. Site preliminaryworkshadcommenced.
Emerald Valley is a high-endresidential project set in a leafyparksidelocationintheuniversitytownofXianlinNewDistrict.Thedevelopmentiscomplementedbyconvenient facilities including anursery,culturalamenitiesandacommunity centre and enjoys awidearrayofotherfacilitiesandtransportation convenience with
theopeningofanewmetrosystem.Theentireprojectisplannedtobecompleted in threephases,providinganaggregategrossfloorareaofabout1,600,000squarefeetofgrossfloorareaforover1,000families.About 450,000 square feet of residential premises inPhase 1will becompletedinthefirstquarterof2013,andthefirstbatchofpre-saleunitswaslaunchedinlate2011.
Centro
Tianmu Road West
ZhabeiDistrict
Suzh
ou C
reek
Shanghai Railway Station
Heng Feng Road
Metro Line 1
Shanghai
Nanjing RoadWest Station
People’s SquareStation
People’sGarden
People’sSquare
Nanjing Road West
Nor
th C
heng
du R
oad
Metro Line 2
Yan’an Elevated Road
Beijing Road West
Feng Yang Road
Shanghai
Lot 688, Nanjing Road West, Jingan District, Shanghai (artist’s impression)
Greentech Tower, 147 Tianmu Road West, Zhabei District, Shanghai (artist’s impression)
ReviewofOperations–BusinessinMainlandChinaandMacau•ProgressofMajorDevelopmentProjects
HendersonLandDevelopmentCompanyLimitedAnnualReport201170
The project at Lot 688 Nanjing RoadWest, which provides a total gross floorarea of approximately 700,000 square feetcomprisinga22-storeyoffice towerplusa2-level retail podium, is set to be anotherlandmark in Jingan District due to itsinnovative, quartz-like façade designed byinternationallyrenownedJapanesearchitectTange Associates. Construction is nowunder way and it will be held for leasinguponcompletioninthethirdquarterof2013.
ShanghaiGreentech Tower, 147 Tianmu Road West, Zhabei District (100% owned by the Group)
Lot 688, Nanjing Road West, Jingan District (100% owned by the Group)
Greentech Tower, as its name denotes,underlines the Group’s long-standingcommitment to building green and hi-techdevelopments. Comprising 22 storeys ofenergy-efficient Grade-A offices and 3levels of retail podium, Greentech Towerwas newly completed in January 2012,adding400,000squarefeetofqualityspaceto the Group’s mainland rental portfolio.With convenient access to ShanghaiRailway Station and Metro Line No. 1,GreentechTowerhasbeenwell-receivedbydomesticand foreigncompaniesduring itspre-leasing.
Shenyang International Finance Centre, Shenyang (artist’s impression)
Yueya Lake
NangouReservoir
Pu River
Shenbei Road
Shenyang
Golden Riverside, Shenyang (artist’s impression)
JinrongzhongxinStation
Haerbin Road
Bei
jing
Stre
et
Existing Railway Line
Met
ro L
ine
Tian Hou Gong Road
Shenyang
ReviewofOperations–BusinessinMainlandChinaandMacau•ProgressofMajorDevelopmentProjects
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LocatedinthescenicPuheNewDistrictDevelopmentwithmanybeautifulnaturallandmarkssuchasYueyaLake,PuRiver,parksandhillswithinthevicinity,thesitewillbedevelopedinphasesintoalow-riseandlow-densityresidentialdevelopmentwithatotalgrossfloorareaofabout11,500,000squarefeet.Itsfirstphaseofdevelopment,withatotalgrossfloorareaofabout290,000squarefeet,isdueforcompletioninthefourthquarterof2012andits68villaswillbelaunchedforpre-salein2012.Constructionofitssecondphaseofdevelopment,comprising316villasandmulti-storeyapartmentswithatotalgrossfloorareaofaround1,270,000squarefeet,isalsounderwaywiththeplannedcompletioninthefourthquarterof2013.
Shenyang Shenyang International Finance Centre (100% owned by the Group)
Golden Riverside (100% owned by the Group)
Shenyang International FinanceCentreislocatedintheShenyangFinance and Trade DevelopmentZone. To the northwest is theShenyangNorthRailwayStation,whilstametrostationisalsowithinwalking distance, bringing addedconvenience to thisproject. Thisproject will comprise servicedapartmentbuildings,asuitehotel,an office tower and a shoppingmall,providingatotalgrossfloorareaof5,700,000squarefeet.
TianshuiRiverTieling Municipal
Government
Tieling HigherPeople’s Court
Tieling No. 1 High School
Jinshajiang Road
Lancangjiang Road
Changjiang Road
Jialingjiang Road
Tais
han
Roa
d
Song
shan
Roa
d
Hen
gsha
n R
oad
Tieling
Tiger Hill Scenic Zone
Yua
n H
e T
an
Shanghai-Nanjing Expressway
Ren
min
Roa
d
Sujia
hang
Exp
ress
way
Yangcheng Lake Road West
Chunshen Lake Road West
Suzhou
Riverside Park, Suzhou (artist’s impression)
New Town Central District Development, Tieling (artist’s impression)
ReviewofOperations–BusinessinMainlandChinaandMacau•ProgressofMajorDevelopmentProjects
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SuzhouRiverside Park (100% owned by the Group)
TielingNew Town Central District Development (100% owned by the Group)
Located next to the administration centre of the municipalgovernmentwiththescenicYuyiLakeintheproximity,alandlotofapproximately2,750,000squarefeetwillbedevelopedintoanexhibition centre, as well as office-cum-commercial complexeswith a total grossfloor area of approximately 4,900,000 squarefeet. Construction will commence soon and the first phase ofabout 900,000 square feet is expected to be completed in thesecondquarterof2014.
Riverside Park, a community developmentproject in Xiangcheng District, is supportedbyincreasinglyimprovedfacilities.Benefitingfrom Suzhou’s picturesque beauty andreputation as the “Venice of the East”, itsresidentialdevelopmentnestlesamongscenicwater-themed surroundings. The entireresidential project will have over 6,800,000squarefeetofgrossfloorareatobecompletedinfivephases. Phase 1 of about 600 luxury
residenceswith a total gross floor area of about 700,000 square feet is now underconstructionwiththeplannedcompletioninthefirstquarterof2012.Duringtheyearunder review, thefirstbatchof352 residentialunits already launchedwasvirtuallysold out. Following the groundbreaking in December 2010, construction of itscomprehensive commercial facilities commenced and upon completion 252-metertwintowersandtwo62-storeyofficetowerswillbebuilt,supportedbyshoppingarea,exhibitionsandmulti-purposeconventioncentres,providinganaggregatecommercialgrossfloorareaofover10,000,000squarefeet.
Lotus Lake
WetlandFengguanMountain
HeilongjiangRoad
SonghuajiangRoad
Zhon
gsha
n N
orth
Roa
d
Hua
ngsh
an R
oad
Tais
han
Roa
d
Lush
an R
oad
Song
shan
Roa
d
Tieling
La Botanica, Xian (artist’s impression)
Chan River
Xi’an PolytechnicUniversity
Xi’an Universityof Technology
Daming GongRelic Park
SubwayLine 1
(UnderConstruction)
ChangleRoad East
NorthRing Road
Third
Rin
g Ro
ad E
ast
Xinba Road
Seco
nd R
ing
R
oad
East
Huaqing Road
East
Ring
Roa
d
XilinExpressway
Subway Line 3(Under Construction)
Jinhua RoadStation
Hujia TempleStation
ChanheStation
Xian
Lotus Lakeside, Tieling (artist’s impression)
ReviewofOperations–BusinessinMainlandChinaandMacau•ProgressofMajorDevelopmentProjects
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Xian La Botanica (50% owned by the Group)
Lotus Lakeside (100% owned by the Group)
Adjacent to the scenic Lotus Lake, a landparcelofapproximately9,500,000 square feetwill be developedinto a low-densityresidential communitywith luxury villasand comprehensivefacilities, providing a
totalgrossfloorareaofapproximately3,800,000squarefeet.Constructionwillcommencesoonandthefirstphaseofabout670,000 square feet is expected tobe completed in the thirdquarterof2015,providing126houses.
JointlydevelopedbytheGroupandTemasekHoldings(Private)LimitedofSingapore,LaBotanicaislocatedwithinthescenicChanBaEcologicalDistrictwithasubwaylineunderconstructionconnectingittothecitycentre.Thiscommunitydevelopmentwillhaveatotalgrossfloorareaofabout33,000,000squarefeet,providinghomesforupto25,000familiesuponfullcompletion.Phase1A,whichcomprises16lowtomidriseblockswithtotalgrossfloorareaofabout1,200,000squarefeet,wascompletedinMarch2011withits981unitsbeingsoldout.Phase2Anamed“Salamanca”,whichconsistsof432unitsincludingterracedhouseswithatotalgrossfloorareaofabout930,000squarefeet,isdueforcompletioninthefirstquarterof2012andcumulatively,over160unitshavebeensoldsinceitslaunchinthefourthquarterof2010.“LuWan”,Phase1Bofthisdevelopmentwithatotalgrossfloorareaofabout2,000,000squarefeet,waslaunchedforpre-saleinthefourthquarterof2010and1,445unitshavebeensnappedupwiththescheduledcompletioninthesecondhalfof2012.Phase3Aconsistingof3,560,000squarefeetofresidencesisalsounderconstructionandtheyareexpectedtobecompletedinthefirstquarterof2014.Pre-salewaslaunchedinOctober2011andabout20%ofits3,767apartmentshasbeensold.
NewTown
To Airport
Dalong Lake
MunicipalGovernment
Lishui Road
National Highway 104
Xiaoxiang Road
Lianhuo Expressway
Xuzhou
Jinhua RoadStation
Huaqing Road
Seco
nd R
ing
Roa
d Ea
stJi
nhua
N
orth
Roa
d
Hujia TempleStation
Changying Road
Changle ParkXi’an PolytechnicUniversity
Xi’an University of Technology
Subway Line 1
(UnderConstruction)
Subway Line 3(Under Construction)
Don
gzha
nRo
ad
Xian
Palatial Crest, Xian (artist’s impression)
Xuzhou Lakeview Development, Xuzhou (artist’s impression)
ReviewofOperations–BusinessinMainlandChinaandMacau•ProgressofMajorDevelopmentProjects
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Xuzhou Xuzhou Lakeview Development (100% owned by the Group)
Palatial Crest (100% owned by the Group)
Adjacent to the Hujiamiaosubway station, which is nowunder construction, PalatialCrest is conveniently located atJinHuaNorthRoadonthemainartery of Second Ring RoadEast. The entire project willbe completed in three phases,offeringa total residentialgrossfloor area of over 3,400,000
square feet for3,000 families. Thisprojecthasbeenamarket focussince its launch in the fourth quarter of 2010 and the first phase ofabout 530,000 square feetwas virtually sold out and it is scheduledforcompletioninthesecondquarterof2012.Constructionofanother2,160,000squarefeetofdeluxehigh-riseresidentialunitsinphasetwocommencedinthefirstquarterof2012andtheywillbereleasedtothemarketinthethirdquarterof2012.
Catering tomid to high-end homebuyers,XuzhouLakeviewDevelopment benefits from the beautiful natural landscape ofDalongLake,convenienttransportationandacomprehensiverangeoffacilities.Theproject,whichincludesluxurydetachedhouses,high-riseapartments,commercialpremisesandotherfacilities,willbecompletedinfourphases,providingatotalresidentialareaofapproximately4,500,000squarefeetforover3,600families.Phase1Aofnearly700,000squarefeetin402residencesisnowunderconstructionwithplannedcompletioninthefourthquarterof2012.365unitsintheinitialbatchhavebeensnappedupamidanoverwhelmingmarketresponsewithrecordpricesachievedsincetheirlaunchinthefourthquarterof2011.Constructionofanother1,800,000squarefeetfor1,290premiumresidencesisnowunderwaywithplannedcompletioninthesecondhalfof2013.
Dongjiu Lake
Daxi River
Yixing Shidong Yu Elementary School
Don
gjiu
Ave
nue
Yangxian East Road
Yangquan East Road
Xiangtou East Road
Jing
yi St
reet
Yixing
Temple ofPrince Zhou
Yixing Hotel
Yixing Grand Hotel
SportsCentre
South RiverJiaoyu Xilu Ji
ngxi
Zho
nglu
Tucheng Lu
Renm
in N
anlu
Yixing
Island Palace, Yixing (artist’s impression)
Grand Lakeview, Yixing (artist’s impression)
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Setamongst lush, tranquilsurroundingsinDongjiuDistrict,GrandLakeviewis justa5-minutedriveawayfromthecitycentre.Tobecompletedin11phases,thislakefrontdevelopmentoffersluxurylivinginamixofsemi-detachedandduplexhouses,multi-storeyandlow-riseapartments,providinganaggregategrossfloorareaofabout9,000,000square feet forover6,800 families.Construction is underway and Phases 1A, 1B and 1C totalling about 1,800,000 square feet ofresidenceswillbelaunchedforpre-saleinthesecondquarterof2012withthescheduledcompletioninthethirdquarterof2013.
Yixing Island Palace (100% owned by the Group)
Grand Lakeview (100% owned by the Group)
In a serene location onan island close to thebustling Yicheng towncentre, a site of about400,000 square feet isbeing developed intoa luxury residentialcommunity and upon itssingle-phasedcompletionbytheendof2013,there
willbevillas,duplexesandhigh-riseapartmentsandaresidents’clubhouse,providinga totalgrossfloorareaof about700,000squarefeetfor306households.Itwillmakeitsfirstforayintothemarketinthefourthquarterof2012.