Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC) has signed a RMB 4.5 billion agreement with Mitsui Fudosan Residential Co., Ltd. (Mitsui Fudosan Residential) and Tiong Seng Properties Pte Ltd (Tiong Seng) and to create the first riverfront eco-neighbourhood in the Tianjin Eco-city. The first phase of this project, consisting of about 450 high-rise apartments, will be launched for sale in the second half of this year.
The highlight of this tripartite collaboration will be the creation of a high-end residential development at the only riverfront land plot in the Start-up area of the Tianjin Eco-city, and will be the first in the Eco-city’s Start Up Area to attain the Leadership in Energy and Environmental Design for Neighbourhood Development (LEED-ND) certification. This will also be the first of its kind LEED-ND certified integrated neighbourhood in China.
The LEED-ND standard is a new system of creating and evaluating environmental sustainability in urban design and development. It is built on the idea that urban design, land use and the environment are inextricably linked. The eco-neighbourhood will also be the first in the Tianjin Eco-city’s Start-up area to have residences meeting the Gold standard of the Tianjin Eco-city’s Green Building Evaluation Standard (GBES).
This project is a major milestone for all three parties. It is Mitsui Fudosan Residential’s first project into China with foreign partners and is also a landmark project for Tiong Seng since its listing on the main board of the Singapore Exchange last month.
Mr. Goh Chye Boon, Chief Executive Officer of SSTEC, emphasises this tripartite alliance as a strategic one, “This partnership with Mitsui Fudosan Residential and Tiong Seng will introduce international expertise, experience and excellence to build a model Eco-city that would provide a home for people to live, work and play, in a practical and environmentally-sustainable manner. This demonstrates the Eco-city’s intention to bring in the best of the world to create the best living environment for our future residents.”
The integrated development of three adjacent land plots with a residential GFA of more than 360,000 sqm is expected to be fully completed by 2014, and will offer a variety of housing options ranging from mid-high residential to high-end low-rise housing. By connecting the three plots from the eco-valley to the riverfront to create a “walkable community”, residents of any one plot can easily access amenities such as the neighbourhood centre, school, LRT stations and the riverfront lifestyle, offered by the other plots.
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