Located on Renmin Road in the East Harbour area of Zhongshan District, the central business district of Dalian, Liaoning Province, the site has a total gross floor area of approximately 286,000 sq. m. and comprises 1,200 high-end apartments as well as a luxury hotel of around 360 rooms.
The site was acquired for RMB 734 million in October 2009. The Donggang area is endowed with a panoramic harbour view, and is expected to gain prominence with the development of a new international convention centre, as well as high-end offices, retail malls and luxury hotels undertaken by various developers.
The project is developed in two phases, Phase I comprises approximately 800 apartments and Phase II comprises the remaining apartments and the hotel. Phase I development was completed by the end of 2018 with 60% of the apartments sold. The Group entered into a sale agreement with a third party in July 2019 in respect of all the remaining unsold units of Phase I together with the site for Phase II of the project.