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Central to the development of West Shanghai is the Hongqiao Airport (the hub for domestic flights and future international flights). This is where people from Hong Kong, Shenzhen, Guangzhou, Beijing, Taiwan and even Japan, fly in.
China foresees an increase in domestic consumption in the next three to five years, and seeing so, expansion plans have been made so that the Hongqiao Airport will in the near future be as big as the Shanghai Pudong International Airport.
Infrastructure and resources have been put in by the government to improve the western suburbs. Within the last year, noted developments can be seen in the Jiading District, namely the Shanghai International Racing Circuit and the Auto City. Jiading was also made the first wireless city in Shanghai.
Huaqiao International Service Business Park
A gem in the making is the Huaqiao district, located 20km from the Shanghai Hongqiao Airport and next to the Jiading District. It is here where China’s new economic excitement lies. The Huaqiao International Service Business Park is a mammoth project by the government and promises to be an amazing development upon completion.
Within it will lie a business park, corporate headquarters, a university, call centres, retirement homes, medical centres, the Hilton Double Tree hotels, residences and many more. Within three to five years, Huaqiao will become an international service region that will boast a population of 300,000 and over 10mil square metres of business buildings. It is estimated that the Gross Domestic Produce will exceed 100 billion.
The business centre within the Huaqiao International Service Business Park makes an interesting property investment and Global Link is currently marketing one particular business centre (150 units) in Malaysia and Singapore.
“Currently, 50% of the business park is under construction. All roads, highways, trains and MRT lines are linked to Huaqiao, making it the centre of interchange. As Huaqiao falls outside the Shanghai border, prices are significantly lower. Its close proximity to Shanghai however, makes it a starting point for many enterprising businessman,” continues Sia.
The “Hua Qiao SOHO” Small Office Home Office is priced from RMB9,000 (RM4,257) per square metre and offers a yield of more than 6% p.a.
At 1,000sq ft, (800sq ft office and 200sq ft bedroom) or 92.9sq m, it works out to be RM330,000 and upwards; affordable for the rising Malaysian investor.
With a kitchen, bathroom and bedroom within the “Hua Qiao SOHO,” entrepreneurs can conveniently stay there when they come over for business trips and save on expensive hotel bills. The unit is fully fitted, so SOHO owners can rent it out immediately without any renovation.
Editor:Xu Xinlei
Source:starproperty.my
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