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PROJECT£ºReconstruction
of Dilapidated Buildings in West Wanquan and Chongmingli
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1.
About the project
¡¡ This project faces Wanquan Street on the east, the warehouse of
Pressure Boiler Factory on the south, School for the blind on the
north and No.90 middle school on the west. It occupies an area of
20,000 square meters. The intended floorage area is 50,000 square
meters. After set up, about 60% of the floorage area will go back
to the removed dwellers companies. As for the rest, these facing streets
will be commercial networks or office buildings and the other will
be middle or high rank apartments for sale. The whole project must
be finished in two years. This project has already been ratified by
relative municipal bureau. It is supposed to start in May, 1999
2. Domestic market forecasting
¡¡ Due to the further economic development in shenhe district, all
the basic facilities in this area has been improved. Because the planning
and reconstruction work in its surrounding area have been finished
the reconstruction project of dilapidated buildings in Dazhonhli district
will not only improve the living environment of the residents but
also help to perfect the planning project in Shenyang city.
3. Advantages of the project
¡¡ Because the municipal government has already ratified this reconstruction
project, the developer will enjoy tax exemption for four kinds of
fee and one kind of tax,and they are allowed to abate, postpone or
even get exempted from the land consumptive fee.Therefore the benefit
of this project will be rather considerable.
4. Estimated total amount of investment
¡¡ Total investment:10,850,000 USD
¡¡ Registered capital:10,850,000 USD
5. Cooperation condition for both sides
¡¡ For Chinese side: offer site and some capital
¡¡ For foreign investors : offer spot exchange
6. Mode and period of cooperation
¡¡ Joint venture for 10 years
7. Economic benefit forecasting and analysis
¡¡ Floorage area is 50,000 square meters
¡¡ Area returned to removed dwellers is 21,000 square meters
¡¡ Area returned to removed companies is 6,000 square meters
¡¡ Floorage area for commercial apartments is 23,000 square meters |
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