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March 3, 2008

SHKP's Guangzhou residential project Lake Dragon to complete in 2009
Sun Hung Kai Properties (SHKP) is calling its new large-scale residential development in Guangzhou 'The Lake Dragon'. The project will have a European design and premium materials blending with the natural surroundings to offer an exclusive lifestyle and green living environment.
     The property will offer distinctive luxury residences on a prime site amid the green hills and lake. Its name in Chinese suggests that the development is like lustrous jade rivaling Dragon Lake nearby. The development will feature high-quality materials and blend with the natural surroundings for an exclusive European lifestyle.
It is in the scenic Dragon Lake resort area in Huadu, close to the Guangzhou Baiyun International Airport. The first phase will have 1.3 million sq ft (120,000 sq m) of low-density two- and three-storey town houses ranging from 3,900 sq ft (360 sq m) to 8,300 sq ft (775 sq m) integrated with a golf course.
     The Lake Dragon is surrounded by 13.3 sq km of mountainous terrain and a 2.5-sq-km lake in a scenic unpolluted site. The development will integrate with the natural setting, offering a sweeping view of the beautiful lake and golf course from a modern European-style village for a tranquil living environment. Completion is scheduled for the second half of 2009.