Keppel Land completes acquisition of site for its first waterfront residential cum marina development in China
The site will be Keppel Land's first waterfront residential cum marina development in China. When completed, the development will yield about 2,000 low-density houses with private berths, condominium units and serviced apartments. For a quality and complete waterfront lifestyle, approximately 30% of the total land area will be used to create channels and waterways for private berthing. With its proximity to Hong Kong, Southern China has also witnessed a rising trend in the boating industry. It has hosted prestigious international boating shows in recent years, such as the China (Shenzhen) International Boat Show in 2009, which saw RMB 250 million worth of deals being inked. With the completion of the Guangzhou-Zhuhai intercity rail link by end-2010, travelling time between Zhongshan and Guangzhou will be reduced to less than 30 minutes. Accessibility will be further enhanced when the Hong Kong-Zhuhai-Macau Bridge is completed by 2016.