Carp Road Urumqi, tracts of land development

 Carp Road Urumqi, tracts of land development feasibility analysis report  u000C A corporate structure and development planning 1, Xinjiang, Xinjiang, Hong Fu Hung Fook Group Co., Ltd. Group Co., Ltd. is a joint-stock enterprise under the telecommunications system to the public the information industry, hotel management, real estate development, tourism project development, equipment supply, pharmaceutical chain management as the main business, business assets 6 billion real estate development company under the Hongfu Xinjiang, Xinjiang Hong Fu Hotel (five star), the public information industry in Xinjiang Co., Ltd. and other 10 business entity, a strong business background, financial strength, long lasting development is relatively well-known medium-sized groups Xinjiang Uygur Autonomous Region. Xinjiang, China Telecom Hong Fok Group Co., Ltd. uphold the corporate philosophy, to the telecommunications industry as the basis, insist on diversification, the development of the full range of innovation, to sound of survival, innovation and development of enterprises run smooth, rapid business expansion, a good social reputation. Xinjiang, Hong Fu Hong Fu Hotel Group subsidiary, is still far in Xinjiang the best facilities, matching the most perfect, most business standard, the most famous five-star tourist hotel, set in huge profits for the Group operates, but also for enterprises played a significant role in brand building. Hongfu group affiliated enterprises in Xinjiang, pharmaceutical companies, Hung Fook Group is also diversifying the template chain management company, so far, has been building stores in major cities in Xinjiang in recent 80, performance significantly, and efficiency increased steadily. in the enterprise system gradually improved, the steady consolidation of the situation in traditional industries , Xinjiang Hong Fok Group with strong capital strength and brand strength, involved in real estate, the beginning of 2003, business investment and development projects Korla 2, Real Estate Development Co., Ltd. Xinjiang Hongfu About Real Estate Development Co., Ltd. Xinjiang Hongfu was established in 1998, three development qualification. the company was first established, except the face of property development within the telecommunications system, there is no substantial commercial project development. After the establishment of more than 4 years, the company executive power in the construction and development team, an active interest in market dynamics, long-term real estate market in Xinjiang, in-depth evaluation and research, waiting for the right opportunity to enter. Since 2001, Xinjiang real estate industry into consolidation phase, with the gradual adjustment of market structure, from disorder to regulate the real estate industry, from chaos to rational, to 2002, intensified government regulation, the progressive realization of large-scale real estate enterprises in transition, in small real estate business out of the market, product supply and demand has stabilized, the overall development pattern more reasonable. Hongfu Group size up the situation in Xinjiang, in extensive consultation and listen to the industry competent leadership, professional researchers, industry views, the direction of the group to make business major strategic adjustments, the decision seize the opportunity, the real estate development as a pillar industry of new business growth and performance, and the need for sustainable development of enterprises, institutions and reorganize the business leadership, organizational structure has been improved so that, expertise strengthened .3, real estate development performance in 2002, Hong Fok Group Co., Ltd. of Xinjiang in the Mongolian Autonomous Prefecture People's Government Bayinguoleng, Korla City People's Government strongly support, mergers and foreign trade companies Bazhou, making full use of Pakistan State foreign trade on the basis of existing land resources, procurement of the People's Square northwest side of the road Said Bayan Bagh Road and all the land at the street, from Xinjiang Hongfu real estate development company investing in the development of large indoor commercial pedestrian street prophase, the company conducted a detailed and careful research and development project location, employing internationally renowned design and planning firm Long On the auspices of architectural design and planning work, and to tender the introduction of the real estate marketing planning agencies, real estate sales agents, established a development and construction, marketing planning, sales agents trinity of professional model, and achieved good sales results. Golden Times Square on April 1, 2003 began the demolition project, broke ground on April 15, April 28 to enter reservations, Deadline May 30, completed a total of more than 9000 million book sales, with customer intention to order the amount expected to be officially opened for sale (late June) the time to complete sales of 1.4 billion or so. Because the right business decisions, project location and reasonable , a proper marketing strategy, the golden era of intense competition in the market square, works have not been more than half of cases, has been to recover the full investment. According to the project budget, project sales, 75%, sufficient for the corporate office space under the circumstances, The project can still achieve a net profit of 5,000 million yuan, which fully proved, Xinjiang Hong Fu Group to determine the real estate industry in Xinjiang is the right to enter is timely. Golden Times Square, the successful development of real estate development company in Xinjiang into a comprehensive Hongfu Xinjiang has accumulated valuable experience in the real estate market, the reserves of the professionals, the establishment of a management team, in addition to telecommunications companies, while the brand and honor, and promote the smooth realization of Xinjiang, Hong Fok Group Co., Ltd. shift the focus of corporate restructuring and industry, business diversification .4 clearer line, corporate sustainable development planning with the golden implementation of development projects in Times Square, Xinjiang Hongfu real estate development company has full access to the market, a new stage of enterprise operation. Xinjiang Hung Fook Group on major projects for the overall the need to control and adjust the business leadership and management, consolidate the traditional industries, develop the real estate industry, and according to business needs long-term development and sustainable development of real estate development company Hongfu operation and development has made the following strategic Planning: 4-1, based on the two south of Urumqi and Korla, northern cities, ready to make long-term development; with the policy context and background of telecommunications companies to corporate mergers, debt restructuring, capital operation and other ways to participate in land acquisition, possible use of the western development policy and the policy of state-owned enterprises mergers and acquisitions, compression land costs, reduce development risk. 4-2, according to two Center City real estate market conditions, land acquisition in Urumqi region to the second category, three types of residential land-based, in addition to the professional market vacant commercial projects, but not involved in large-scale, integrated commercial project development; in the Korla region to a class of land acquisition, mainly two types of commercial land, in addition to vacancies in the market, high-grade Outside the House, not involved in ordinary low-cost housing development. 4-3, to avoid market risks, corporate general reserve of land not more than 20 million square meters, do not do long-term development of land for suburban reserve. The compulsory purchase of land in principle to 3 years a development cycle, after the access to land development rights, and strive to develop the first year, bear fruit the second year, third year benefit. 4-4 from the 3 years since 2003, annual capital investment of 3 billion less volume control the annual development of 20 million square meters of total control of the following; annual sales of 500 million yuan in total control of the following, the annual sales of 25 million square meters area of the control following. On this basis, the actual capital investment and development area to do dynamically adjusted according to market development, The scale of development in Xinjiang market within 3 years to maintain the medium level, 3 years after the operation and development based on market conditions make the new deployment. Second, an overall assessment of the real estate market in Xinjiang, recalled from the market after 90 years, domestic production in Xinjiang 10.4% average annual growth of GDP, the main economic indicators increased significantly, from a single closed economic system gradually to the full opening of the natural pattern of economic change, economic structure adjustment and optimization, municipal, transportation, telecommunications, energy and other infrastructure and basic industries have been strengthened, economic development, hard to improve the environment; by further rectify and standardize market order, the development and implementation of investment policy and consumer policy, clearing the abolition of the unreasonable curbing investment and consumption policies, economic development, the soft environment is getting better, social stability, urban and rural people's living standards improved significantly.'s economic development has brought the real estate market active and raise the level of urbanization, urban population explosion, urban renewal, the accelerated pace of municipal infrastructure, greatly expanded the Housing Xinjiang the real estate market development. With the gradual implementation of housing reform policy and credit policy were introduced, public housing market and housing secondary market trading started, with diversified real estate trends in consumer distribution channels. as people, materials, capital flow, information flow and the construction industry, an important carrier for investment in real estate development in Xinjiang reached 42.3% average annual growth rate of real estate development and investment from 1.2 billion yuan in 1989 to 13.792 billion yuan in 2002, 14 years, residential investment totaled Xinjiang 22.179 billion yuan, completed an area of 19,711,700 square meters of residential, urban per capita living space of 1989 to 9.2 square meters to 22.06 square meters in 2002, an increase of 107.17%. The above data fully shows that the real estate market has entered a mature Xinjiang , a new stage of development. Urumqi, the capital city of Xinjiang Uygur Autonomous Region, District 1 County 7 The whole city, with a total area of 12,000 square kilometers, the municipal area of 166.8 square km, population 2,082,000. Urumqi, the level of economic development, city of residence the forefront of the western region, real estate development year by year, steadily increased, to 2002, individual buyers have reached more than 95% of domestic consumption to individual buyers as the main market structure has been formed and perfected, to the beginning of 2003, the Urumqi City were nearly 141 million construction of various types of residential square meters, completed a total of 25 million sets of residential buildings, residential housing area from the early 80s on average less than 8 square meters per capita is now expanded to nearly 19.6 square meters. By 2002, Xinjiang's urban residents through the housing system reform, the cumulative sales 57.16 million square meters of public housing, for a total 860,000 units, accounting for 85.4% of public housing can be sold, and some of it is still not sold the right to use public housing and individual private housing, the Urban Residents in owner-occupied housing has reached about 90%, centered on the level of .2 in the country, the prospects of a small number of cities and towns in Xinjiang, city size is small, so far, Xinjiang level of urbanization was 33.7%, a total of 6,332,100 non-agricultural population. According to objectives in the 5 years 2000-2005, the Xinjiang population level will be increased over the past 19 million 20 million, the level of urbanization increased from 33.7% to 36%, non-agricultural population of 750 million, an increase of about 120 million. According to the 2002 standards of 190,600 square meters per capita terms, by 2010, Xinjiang cities need to add an annual average of 11.87 million square meters of housing area. If you press the housing and the demolition of old buildings and building service life of the new formula, cities and towns in Xinjiang was 111.588 million existing homes square meters, the normal terms of 50 years, the annual depreciation rate of 2%, the average annual needs demolition of the old build a new 2,232,000 square meters (excluding the old city). put together over several sets of data analysis is expected in the next 10 , the Xinjiang at least an annual average of 12.347 million square meters of new homes, of which 60% are located in Urumqi region. by the level of economic development, living habits, geographical location, environmental conditions and other factors of the urban resident per capita housing area (19.06 square meters) below the national average (per capita housing area is 21 square meters) nearly 10 percentage points. At present, Xinjiang urban construction area of 64.79 square meters per household, 85% of households in housing construction area of less than 70 square meters, with the life improvement and income levels increase, the amount of demand from the residential market demand for quality changes in turn, demand gradually pull the grade, middle-income, middle and high income families access to and updating of the first period. With the deepening of the western development policy and steady economic Xinjiang development, increased demand for non-residential property, office buildings, hotels, shopping malls will increase sales. to the residents income increased standard of living at the same time, residents reduce daily expenses for the purchase of housing relative increase in available funds , further boosting the total demand for domestic products .3, development forecast 3-1, multi-level price of commercial housing supply system is taking shape now, Urumqi has formed to affordable housing for the tower base, average residential as the core, luxury residential multi-level pyramid tip of commodity housing supply system. these three different price points to meet different income groups of residential basic, different levels of consumer spending on housing demand. which in 1200 yuan price -1800 yuan / square meters, with the nature of state-subsidized affordable housing, to meet and resolve the majority of low-income, working-class housing needs of consumer groups. -2000 priced at 1,800 yuan RMB / square meters, the location, good living environment, and high quality ordinary residential housing to middle and high income for the upscale, residential development in Xinjiang will become the mainstream direction. Urumqi City real estate market started late, but rapid development since 2000, a large number of high-level , a small high-rise residential and villa homes, enriched housing and improve the types of commodities; in the implementation process of housing commercialization, Urumqi has been formed to develop and diversify housing supply system, initially completed a variety of commercial residential and structural upgrades. 3-2, individual buyers as the main domestic consumer market with the deepening of China's housing reform, individual buyers have gradually replaced the group buy, as the consumption of the main housing market, housing has become the mass consumption of consumer goods after the consumer demand for family life first and foremost; bank personal introduction of consumer credit, to promote and enhance the purchasing power of residents of housing, urban residents in the potential demand for housing into effective demand, in the trading houses have been sold, there are 8 percent buyers used personal bank loans, the consumption of future real estate market will play a greater role in promoting. 3-3, urban expansion and transformation of the real estate industry, driving the overall development of the State Council approved in July 2002 in Urumqi City, a city master plan, the new planned city area of Urumqi, the existing planning area is equal to 6 times. in accordance with the laws of the cyclical nature of real estate development, Urumqi real estate industry has entered a new period of growth, this growth momentum in recent years will continue. With the future of real estate increased year by year production base, the real estate supply and demand will be phased, cyclical ups and downs, but overall demand is still in the 1200-1300 square meters of , the specific to the Urumqi market, when every year to keep the total market supply of about 600 million square meters, housing supply to keep about 400 million square meters, the housing development in appropriate, the proper range, does not appear the phenomenon of large surplus . Third, the proposed compulsory purchase of land in Urumqi Overview Lei Shan 1, geographical location and surrounding environment of Xinjiang Hongfu compulsory purchase of real estate development company plans to land in the northern Tianshan Mountain Road on the 8th of carp, the film Land of the original homestead of Xinjiang Pharmaceutical Factory , close to Xinjiang Medical University, Medical University Hospital (the largest hospital in Xinjiang), Urumqi General Hospital of Lanzhou Military Region, Xinjiang Normal University, Xinjiang Finance and Trade School, and other famous units, is the North line of City residential and major commercial and cultural area, but also Xinjiang, the traditional medical care, health gathering. Lei Shan surrounding area is a relatively independent business and residential pages, though with a certain element of industrial zones, but the overall environment is green-up areas in Urumqi, has a unique environmental advantages. Since 1998, Huayuan, Guanghui and other real estate development company has completed the construction of some of Lei Hill residential area, the Carp Road, Hospital Road, the new form, the high-end residential Area of the image, resulting in improved carp The entire mountain land value. Urumqi narrow urban region, a serious lack of landscape resources, from high-income groups in recent years, home ownership trends, the environment and natural resources have become increasingly demanding. Carp Road near a mountain King's view of resources, is also the main business area of Urumqi, with an excellent transportation, business, work, live and play facilities. According to statistics, the film region over the years the total supply of commercial residential buildings of 68 million square meters, over the years residential real estate sales volume of 62.5 million square meters, selling more than 90%, commercial projects and residential project development prospects .2, supporting the film landscape resources and municipal land in the Mountain View Corridor in Urumqi, carp, carp back mountain Parks and Ethnic style park, the only city of Urumqi River drainage from the middle through peace, and the formation of the corresponding Red Mountain Scenic Area is the North line of City landscape with the main and green belt. chip average summer temperature is lower than the center of the region 2 degrees Celsius, average winter temperature of 2 degrees Celsius above the city center, good living environment and beautiful scenery. as the center of the traditional place of residence, the film supporting municipal improvement district, south, north, east and west, respectively, near the Carp Road, Hospital Road, New and friendly Road, Beijing Road and other urban trunk roads, and 500 meters away from flood Expressway, 9 bus lines through the Area, surrounded by smooth, convenient traffic. friendly road near the cross region is the main business district of Urumqi, 1,000 m living area Distribution of friendly shopping malls, department stores into a rich, Scitech Plaza, Shenzhen City, and other well-known retail businesses and KFC, PAX and other famous restaurants in Hamburg, entertainment outlets, life and shopping convenience. peripherals School buildings, kindergartens, schools, hospitals spread all over, human atmosphere rich, is a rare area of Urumqi, the ideal of human settlements .3, land costs and land development rights as the residence of the city center, the land through the planning of the new features into the range of compensation for land transfer. April 2001, Xinjiang Hops Co., Ltd. to tender, and achieved the film land (formerly Xinjiang Pharmaceutical Factory) a total of 126,000 square meters of land development rights, transfer the amount of 101 million yuan (reference and comparison: 12 2000 month, 10.7 million square meters of Urumqi South Gate Stadium way to sell land auctions, the actual transaction amount is 410 million yuan.) within the next two years, Xinjiang Hops Co., Ltd. is required to pay land transfer 56 million yuan (12 million yuan has been paid), into early and demolition costs about 3,000 yuan (have been put) to complete the urban planning, the land has been identified as a type of development land, in accordance with the standards of land transfer in 2003 in Urumqi, the film need to increase transfer payments to land 36 million yuan. Fourth, the proposed transfer of development rights of land procurement case 1, the background transfer of land in Xinjiang Hops Limited access to land development right after the film, to be called the construction investment plan (third) of the notice Board approval. July 2002, hops to another equity investment residential development, After the incident by the local media exposure, hops are seriously hurt shares of real estate projects, sales and development stalled the development phase of the project was interrupted in the run. After nearly a year of turnaround, Xinjiang Hops Corporations'earnings brewing business transformation, decided to give up the real estate market, and consolidate and develop their own hops growers industry. Thus, Shan Lei transfer of land development rights into the program .2, land acquisition and land costs of the intention of the land development rights transfer information is published, the major Xinjiang real estate companies have expressed strong purchase intentions. Xinjiang Hung Fook Group informed of the information, held a special meeting to discuss, it was agreed that the land consistent with the follow-up Hongfu real estate company developing the project requirements and should be fighting for. Xinjiang Hops informed of shares Hung Fook Group's acquisition of intention, Hong Fu Group of Xinjiang and fully affirmed the strength of enterprises, and land development in Xinjiang Hongfu Group the right to negotiate the transfer of a number of matters. After mutual consultation, hops shares owned enterprise Carp Road 126000 Urumqi square meters of land development rights (including the planning and design, government policy and approval documents, etc.) transferred to the Xinjiang Hongfu real estate development company, the transfer price to the actual investment cost, including land purchase cost of 101 million yuan, 56 million yuan of land transfer, early and demolition costs 30 million yuan, profit 10 million yuan of land transfer, the four together, the total transfer cost 200 million yuan. intention is confirmed, Xinjiang Hongfu Group, Xinjiang Hongfu real estate company selling land on the legality, validity do comprehensive audit and professional consulting, and land use for the investigation, that the preparatory work and the purchase of land were true and correct, acquisition, Hongfu real estate company in Xinjiang after the change of asset ownership, to enter the development process. V. completion of project development orientation After land acquisition, Hung Fook Group will adjust the overall planning of the project to make it more consistent with the current needs of the real estate market in Xinjiang, both commercial and residential, give full play to the land value, rational planning and use of land area .1, business development 1-1 commercial orientation of land surrounding the use of existing street environment, with the new road along the Xinjiang Medical University Hospital (and affiliated hospitals), Urumqi General Hospital of Lanzhou Military Region and other pharmaceutical, medical units cluster advantages in the development and construction of new health care along the road, , health care, health care products Street (tentative name). Distribution of sales outlets scattered near the South Railway Station Road and Zone Qitai Guizhou Road area, in excess of a comprehensive business case of severe market so far, has not yet appeared in Urumqi, a specification, the clustering of the franchise market pharmaceutical products . the land around the area is the traditional medical, pharmaceutical distribution center, the natural market is mature, full site conditions. Moreover, Hong Fu Hung Fook Group, a subsidiary of pharmaceutical chain has advantages of scale and brand, has many years experience in pharmaceutical market operation, policy approval and naturally, internal conditions and external conditions are consistent with the type of project development conditions. After completion of the project will be the first to Xinjiang, medicine, medical, health care products in the franchise market, the development prospects of good sales (investment) difficulty small. 1 - 3, the commercial-scale real estate company in Hong Fu Urumqi follow the market project plans to build a new road along the frontage lots Medicine, a length of about 300 meters, 20 meters deep into the design, construction area of 6,000 square meters single about a total of 1,2 12,000 square meters of floor area layer, layer 3 Scriptorium area 6000 square meters, can accommodate 50 -80 pharmaceutical companies market a business. 1-4, benefit assessment of the investment period is short, construction of low cost, with a total area of 18,000 square meters of total construction costs of about 18 million yuan, when the development, when completed, when the benefit. Survey show that the lower retail sales price of the lot in 22000-25000 yuan / square meter, such as lower retail price of the item to 20,000 yuan / square meter location, should have market competitiveness. with a layer of 20,000 yuan / square meter, 2 layer 12,000 / square meters, 3-layer 4,000 yuan / square meter basis, total sales after the completion of the development is 216 million yuan, less construction costs and marketing costs, alone, to recover the full cost of land base, but the actual land area is only of the total land .2 10% of the area, residential development of 1-1, residential orientation in accordance with the quality of the local government on residential real estate development, concept development, technology development requirements, focusing on residential quarters of the environment, function and quality, focusing on different ethnic customs and cultural traditions , focusing on the modernization of residential technology to meet the real estate concept of upgrade, mid-range consumer upgrades, quality residential, supporting the development of kindergartens, clubs, shopping, entertainment, leisure and other public facilities, a comprehensive introduction of intelligent facilities for middle and high income class provides a beautiful living environment. 1-2, location of residential development based on the structural surplus of Urumqi, mainly targeting high-end consumers as the high-level, high-rise residential excess to the average consumer as an object of ordinary multi-storey residential shortage of supply, and affordable, high quality services to improve the environment and supporting a serious shortage of mid-range housing. With the increasing consumption of rational buyers, a home buyers are no longer misled by the low price, the quality of housing have become increasingly demanding. market statistics indicate that by April 2003, the Urumqi region level, high-rise residential vacancy rate was 62%, multi-storey affordable housing vacancy rate of 25.5%, while the multi-housing vacancy rate was 17%. in the quality-based development company , the new heavens and real estate, multi-storey commercial real estate sales CommScope rate of 85% or more, this fully illustrated, affordable, good quality housing is a gap in the current housing market is one of Urumqi. on the market can be further subdivided see sales price in the 1600-2000 yuan / square meters, the average price in 1700-1800 yuan / square meter of the mid-range product (relatively good location, there are basic community greening, facade tiling, housing quality assured) supply . As the new disc this year a relatively small market, is expected in the next 2-3 years, this type of product there is sufficient market potential. 1-3, living scale (project technical specifications, list) No. Item Index 1 red line total area of land (not including street commercial land) 110000 300000 square meters of residential 2 3 4 nursery of 8,000 square meters commercial services (refer to clubs and other commercial buildings) semi-underground garage of 20,000 square meters 17,800 square meters 5 (excluding floor area ratio) 6 2900 households live coefficient of 3.5 8 7 family households living floor area ratio of the number of 10 300 people 9 2.6 10 green building density 27% 45% 11 12 1 036 parking spaces (0.35 / household) 1-3, DCM planning and design company established in Australia in the planning and based on the design of the project to adjust the overall planning, retention TOWNHOUSE (townhouses), multi-storey residential, kindergartens, clubs and other projects, to reduce high-rise buildings, by deleting the high-rise buildings and community schools, to make more project planning and the actual market in Urumqi consumption needs. in landscape planning, focuses on using Lei Shan mountains and the green belt, take advantage of natural conditions, to retain the natural form of the finished green forest, drainage into residential communities of peace, the formation of circulation of water, severe water shortage in Urumqi , built the first real mountain views, water features fusion of real estate landscape. decorated punctate clusters in the region, green to band walks throughout the forest sprouting green system that allows the formation of sights residential quarters, green Meng elegance surrounded by a rural characteristics. Community Transport by ring roads, natural sidewalk into the Kiosk to make people and vehicles. to TOWNHOUSE, multi-storey buildings, high-rise building will view the building is divided into three levels, a reasonable with the scale and height, to strengthen the overall construction of the scattered feeling. through the ecological and greening the area is divided into three different themes of the residential community, to the courtyard, community plaza, recreation area for public space, communication links and three residential areas, to achieve large community of integrity and unity. 1-4, benefit assessment of the project a huge project, long development cycle (estimated three years to complete), the product many levels, but because of the small area of high-rise building under control, not the proportion of high-end products, Therefore, benefits can be made by the average evaluation of the project. In an average construction cost included in the community environment, public facilities construction costs, Urumqi, high-quality, frame multi-storey housing construction costs in the 1000-1100 yuan / square meter (including Unite Villa), small high-rise residential construction costs in the 1300-1400 yuan; the average cost of 1,200 yuan / square meter, with a total construction area of 300,000 square meters of total construction costs of about 360 million yuan. minus utilities (kindergartens, clubs), the items can be sold an area of about 290,000 square meters. in the region of the villa in the residential sales price 3,500 yuan / square meter, high-rise residential sales prices in the 2,500 yuan / square meter. multi-storey residential sales price to 1,700 yuan / square meter basis, according to the product Type the proportion of the average sales price should be 2,200 yuan / square meter or more (above the market to assess the price are the lowest.) to 2200 yuan / square meter, total sales of about 638 million yuan, less the marginal costs, marketing costs, not predictable costs, taxes, housing more than 200 million yuan net profit in the project. VI, investment planning and development cycle of real estate development company in Xinjiang Hongfu land development rights to obtain the film, plans a three-year, three developed. under Land and planning features, such as in July 2003 to complete land acquisition, project planning and investment development cycle steps: 1, the first phase, 2003 7 January - December 2003 1.9 billion investment in land, land outside the transaction costs about 1,000 yuan, a construction investment of 18 million yuan, the annual total investment of 220 million yuan. completion of the new commercial projects along the street Medicine Road Check the end of business. achieved sales of about 200 million yuan, the basic recovery of land costs. 2, II, 2004 4 January - December 2004 140 million yuan investment in residential construction, infrastructure and public facilities construction investment 30 million yuan , the annual total investment 170 million yuan. completed TOWNHOUSE, district roads and shops on both sides of the small high-rise residential development, a total of 120,000 square meters; complete community clubs, kindergartens and other public facilities development, a total of 10,000 square meters; completed residential roads, greening works. complete residential sales 70%, completed sales of 200 million yuan or so, the initial realization of product profitability. 3, III: 2005 4 January - October 2006 residential construction investment 180 million yuan, and the supporting infrastructure investment 1 ...