Project overview

Shanghai Green Spring, the first old-city-reconstruction project implemented by Gemdale Corporation in Shanghai, is currently a rarely-found large-size high-end community in downtown of Jiading district. The project is situated in Ximen zone of Jiading district, with Waicheng River lying on its east, Tacheng Road on its south, Huyi Highway on its west and Lianqi River on its north. It is of rectangular shape dotted with various old residences, and represents the last “historic heritage” in Jiading district. With a site area of approximately 120,000 m2 and a gross floor area of 160,000 m2, it was designed to be a low density, high quality community consisting of multi-storey buildings, low-rise buildings and villas. On this 120,000 m2 piece of land, there are Puji Hospital, the pioneer introducing western medical science into Jiading district, the ancestral residence of Gu Weijun, the first Chinese diplomat, 11 Ginkgo trees of over 100 years old and the Jushan Bridge with a history of near 1,000 years. In the project, we built a 20-meter-wide green belt on each bank of the river, the Ginkgo Trees Park with an area of 1,500 m2, the Riverside Park with an area of 2,000 m2, the Lvyin Park with an area of 3,000 m2, and the Waterscape Park with an area of more than 10,000 m2 made of three artificially-controlled streams, which have well preserved the ancient trees and bridges alongside local residences. In every design detail of Shanghai Green Spring, the preservation of historic heritages was taken into account. In a short time of just over two years after we entered Shanghai real estate market, Gemdale, under the guidance of and continuous support from Jiading District Government and via contributing its professional expertise and making unremitting efforts, achieved great success in Shanghai through its Shanghai Green Spring, the old-city-reconstruction project, creating one sales record after another. On 6 December 2003 when the homes for sale ceremony was commenced, the first batch of homes launched to the public were sold out within only 3 hours and 6 minutes at a unit price of RMB800 to RMB1,000 higher than those of surrounding properties. On 28 February 2004, the second batch of 130 homes launched to the public were sold out on the same day the homes for sale ceremony took place. On 17 October 2004, the first batch of homes in the second phase of Kuojing low-rise buildings were launched to the public and sold out even within 2 hours and 45 minutes, attracting great market attention once again. The fully decorated homes, which were finally launched in late March 2005, were a hot sale at a record high price of RMB7,200/m2 for low-rise buildings. With its own attractiveness and magnanimity, Shanghai Green Spring became a prime example of old-city-reconstruction projects in Shanghai, yielding great social benefits and economic returns at the same time.