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2 Sep

Grand Foundation Stone Laying Ceremony Held for New World China Land Langfang Project

The grand foundation stone laying ceremony was held for Zhougezhuang, the urban complex project of New World China Land Limited ("New World China Land"; HK Stock Code: 917) in Langfang City of Hebei Province, which was attended by Mr. Chen Zirong, Director of New World China Land Beijing Region, Mr. Long Yongtu, Secretary General of G20 Research Center, and Mr. Sun Yongfu, Director of Department of European Affairs of the Ministry of Commerce, as well as several leaders of Langfang Municipality and districts. 

Mr. Chen Zirong extended his gratitude to the support of Hebei Provincial Government and Langfang Municipal Government to New World in his address. He also said that the New World Langfang Project is the largest project of New World China Land in Langfang, and a flagship project of New World in Langfang. New World is very optimistic about Langfang's development, and has the confidence to build Zhougezhuang Project into an emerging high quality urban complex between Beijing and Tianjin, and endeavor to enable the project to become a model and choice project in the property market of Langfang. Mr. Wang Aimin, Mayor of Langfang City, welcomed New World China Land to contribute to the urban construction of Langfang in his speech, and hoped that the project could promote the tourism, sports, and modern service industries of Langfang in an all-round manner, and become the most important landmark in CBD of Langfang. Mr. Long Yongtu, Secretary General of G20 Research Center, pointed out all large cities around the world have their own CBDs, so are many large cities at home; as a city with great potential for development, Langfang also needs its own CBD; as a listed company with solid strength, New World China Land will undoubtedly build a brilliant CBD for Langfang. 

In early August, New World China Land acquired the right to develop two land parcels in Langfang of Hebei Province with RMB 942.7 million. In which, Zhougezhuang Project covers an area of 95,597.99 sq m, while Jianta Project 133,215.55 sq m. The former, for which this foundation stone laying ceremony was held, is an old town reconstruction project of Langfang. Located in eastern and western sides of Jianshe Road, the trunk road of Langfang, Zhougezhuang Project is one of the planned eight centers of Langfang, and will be built into a high quality urban complex in the future, which can substantially promote the city image, investment value, and inhabitable value of Langfang.