Hainan invests RMB1.03 billion in Moon Bay in H1 of 2013
Hainan invested 1.03 billion yuan in the Northern Starting Area of Moon Bay in Wenchang city in the first half of 2013, with the total annual investment estimated to reach RMB 3 billion.
The Moon Bay Northern starting area project, which is located in the east coast area of Cangsha Town in Wenchang city, has a total planning area of 21.42 square kilometers and boasts a coastline of 7.52 kilometers.
It will be built into a high-end tourist resort combining various tourism services including sightseeing, coastal vacation, sport leisure, healthcare, living facilities and other comprehensive services, and the population of the area is expected to have reached 58,000 by the end of the planning period.
According to the introduction, the project has attracted 7 large enterprises including KWG Property, Shimao Property, Agile Property and R&F Property.
As one focus of the project, the project part of the KWG Property includes 800 low-rise tourism and vacation buildings, six 30-storey commercial buildings, a five-star hotel and a 8,000-square meter club, and the five-star hotel is expected to enter trial operation by the middle of 2014.