BEIJING, Jan. 9 (Xinhua) -- Industries and city integration projects are expected to be new development direction of real estate companies as they fit to the trends of urbanization and globalization and takes developers’ advantages in funds, operation and industry resources consolidation.
Some real estate companies have already initiated industries-city integration projects.
Country Garden’s Tech Town projects build smart communities with innovation and start-ups in key areas of the first-tier cities and some second-tier cities and usually cover 2 square kilometers to 5 square kilometers. Some projects have been launched in Shenzhen.
Tech Town is designed to build a platform and a series of facilities to draw residents and attract companies to vitalize the town.
According to its plan, Country Garden will build 100 Tech Towns in five years and construct 10 to 20 Tech Towns around Shenzhen and Guangzhou in the next five years.
Meanwhile, under the Belt and Road Initiative, real estate companies’ overseas development will also show trend of industries and city integration. In the Iskandar Development Region of Malaysia, one of the Country Garden’s Forest City projects is planned to integrate three-dimensional city, ecological landscape, city combined with industries, sponge city, smart city and transit-oriented development.
“It’s hard to be successful if production capacity go overseas alone, but it’s easier if they go together. How can they go together? Real estate is a big platform,” said Country Garden President Mo Bin. He said the company’s Forest City projects have brought near 100 Chinese companies go overseas and there will be more. Enditem (By Yang Qi, Luo Na, Li Junjie, kateqiyang@xinhua.org)
A single purchase
