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More space
By Cao Qian |
January 26, 2011, Wednesday
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Print Edition
Print Edition
ABOUT 4.5 million square meters of new HOPSCA developments will be released in Shanghai every year between 2011 and 2013, a Chinese integrated commercial real estate service provider has predicted.
That compared with an existing stock of 7.7 million square meters in the city as of 2010, said Margaret Ng, research director at E-Commercial China, which has just completed a study on HOPSCA - a type of real estate complex usually consisting of hotel, office, parking, shopping mall, convention center and apartments. This is an emerging type of property investment in major cities across China.
Among the total new supply in the next three years, 24 percent of them, in terms of floor space, will be located in Hongqiao Business Park, followed by Jiading District, which is expected to host 16 percent, E-Commerical China estimated.
That compared with an existing stock of 7.7 million square meters in the city as of 2010, said Margaret Ng, research director at E-Commercial China, which has just completed a study on HOPSCA - a type of real estate complex usually consisting of hotel, office, parking, shopping mall, convention center and apartments. This is an emerging type of property investment in major cities across China.
Among the total new supply in the next three years, 24 percent of them, in terms of floor space, will be located in Hongqiao Business Park, followed by Jiading District, which is expected to host 16 percent, E-Commerical China estimated.
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