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Asia Property Report - September 29 - News
The Sino-Singapore Tianjin Eco-City was officiated in a ceremony attended by China’s Premier Wen Jiabao and Singapore’s Senior Minister Goh Chok Tong at the weekend.
Tianjin Eco-City is envisioned to be an ecologically sustainable urban living environment with a planned population of about 85,000 and a four kilometre-squared Start-Up Area (SUA).
Located in the Binhai New Area, the focal point for the acceleration of growth in the Bohai Rim (China’s powerhouse for business, science, technology and culture), the ´city´ is a landmark bilateral project between China and Singapore with private-sector investment and development.
The company is a 50/50 joint venture of the Chinese Consortium led by Tianjin TEDA Investment Holding Co Ltd (Tianjin TEDA) and the Singapore Consortium led by the Keppel Group. The Singapore and Chinese consortiums have committed to develop more than 60 hectares of land in the Stage One development.
The project will be developed in three stages over the next three to five years by the proposed Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd (SSTEC Investment & Development).
Stage One occupies a land area of approximately 110 hectares, one third of the size of the SUA. It is the template for the development of the Tianjin Eco-City and will comprise of residential developments, a commercial sub-centre and a business park. There will also be amenities such as schools, clinics, recreational facilities, shopping malls and parks.
The main focus in on on energy efficiency and eco-solutions to ensure the effective and efficient recycling of refuse, sewerage and wastewater as well as the practical use of renewable energy, will be integrated.
A convenient light rail system, smart road designs and well-connected walk paths will ensure an eco-friendly transportation network to reduce the use of private cars.
All the land plots for commercial and residential purposes in the Stage One of the SUA have already been secured by developers. Tenders for the land parcels for the business park will open soon.
Goh Chye Boon, CEO designate of the proposed SSTEC Investment & Development, said: “every aspect of the development will be in compliance with key eco-friendly performance indices (eco-KPIs). All our buildings will be green buildings with public green spaces and free recreational facilities that are above Singapore’s standard.
“We seek to balance our high yet practicable eco-KPIs with commercially viable development in order to achieve a win-win relationship with our stakeholders including the government, our shareholders, investors and home owners.
“I am pleased that this business model has attracted keen interest amongst developers and investors coming from East Asia, the Asia Pacific Rim including Australia and the Middle East. To come alongside us, we want like-minded partners who are looking at longer term strategic opportunities in sustainable development and building capabilities for the future."
The infrastructure for Stage One development is due for completion towards the end of 2009.
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Apartment / Condominium - Bangkok |
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Land - Jimbaran |
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