Nanchang Fashion Mark, Jiang Xi



Nanchang Fashion Mark is a joint venture project with Hong Kong-listed Top Spring International Holdings Limited. It is a mixed-use development comprising residential, office and retail components that is located at Hong Gu Tan Central Business District (CBD) in Nanchang City, Jiangxi Province in the PRC.

Established 10 years ago, the Hong Gu Tan CBD has a vast catchment area for businesses in the Central China region, and continues to see many domestic financial institutions setting up offices in the area.

The project's residential and commercial properties are being sold and completed in phases. As each completed phase is handed over, property sales will progressively be recognised.

As at 31 March 2016, saleable area presold and delivered comprised approximately 279,616 square metres of residential space and 12,271 square metres of retail space.

% owned by Group
30.0%
Site area (sqm)
269,455
Construction start date
May 2013
Expected completion date
August 2018
Land cost (RMB million)
1,978
Total GFA (sqm)
1,030,475
Total saleable/lettable GFA (sqm)*
498,139
Residential*: 11,654
Retail*: 239,758
Service Apartments*: 20,766
Office*: 225,961
* As at 31 March 2016

Almost all the presales of the Nanchang Fashion Mark project’s residential and ancillary retail properties of the residential sites have been recognised, with 80.2% of the residential property component being completed and recognised in FY2016.