Keppel Land China, a unit of Keppel Land, has secured a 6.6-ha prime city centre site for mixed-use development in Beitang District, Wuxi, Jiangsu province, China, for RMB417.6 million ($82 million) which will comprise 1,135 high-rise residential apartments and commercial components.
Targeted at the upper-middle market, the proposed development comprises mainly two- to three-bedroom units ranging from 90 to 140 sm and will include shopping streets and SOHO (Small Office Home Office) units. The development is expected to be launched in the first half of 2015.
The development will feature recreational facilities such as clubhouse, gymnasium, children's playground and landscape gardens. The site also enjoys convenient access to numerous amenities and facilities around the vicinity, including educational institutes, supermarkets, hospitals and shopping malls.
Located three km north of the city centre and a five-minute drive away from Wuxi’s Central Business District, homeowners will benefit from the site’s easy and seamless connectivity to the city centre, other parts of Wuxi as well as major cities in Jiangsu and nearby provinces. The future MRT Line 1 station located next to the site will commence service in mid-2014, offering easy accessibility across the city and to nearby provinces via the Wuxi railway station.
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