Perennial Real Estate Holdings Limited - Annual Report 2017

BUSINESS REVIEW: REAL ESTATE – CHINA ZHUHAI HENGQIN INTEGRATED DEVELOPMENT ෿֌่ᅅᆨׁ࣮۵ Zhuhai Hengqin Integrated Development is an iconic mixed-use development sited on a prime plot adjacent and connected to the Hengqin Immigration Plaza on Zhuhai’s Hengqin Island. The Hengqin Immigration Plaza links to Cotai of Macau via the Lotus Bridge and is the major gateway between Hengqin Island and Macau. With major infrastructural developments such as the Hong Kong-Zhuhai-Macau bridge and Guangzhou-Zhuhai Intercity Mass Rapid Transit 8 expected to be completed within the next two years, the development is poised to be a vibrant and signature landmark in Zhuhai with retail, office, hotel and residential components. Key Developments in FY2017 Construction works on the hotel and serviced apartment tower have reached 17 storeys, while foundation works for the retail podium and office tower are nearing completion. Focus Areas for FY2018 Presale for the residential and office components is slated for commencement in 2H 2018, subject to regulatory approval and market conditions. With completion targeted for 2020, Zhuhai Hengqin Integrated Development is well-positioned to partake in the growing vitality of the region, which is expected to enjoy accelerated economic growth resulting from the Hong Kong- Macau-Guangdong Greater Bay Area regional integration development blueprint. 8 Nanfang News article dated 27 September 2016 (zh.southcn.com/content/2016-09/27/content_156536903.htm ). Annual Report 2017 62 PERENNIAL REAL ESTATE HOLDINGS LIMITED Artist’s impression may differ from the view of the completed property