Dalian Shicheng Property Development Co., Ltd (“DSPD”) is incorporated in June 2004 in The People’s Republic of China with a registered share capital of USD4million.

Its principal activities include the development, marketing and sale of both residential and commercial properties in China.

Since incorporation, DSPD had successfully tendered and obtained the development and land use rights to a piece of land situated at Lushunkou District about 45mins drive from Dalian city center.

The land occupies approximately 270,000 sqm with a plot ratio of 1.2 and will be used to develop both residential and commercial properties. This multi-phase development is aptly named “Shicheng Huayuan”, is modeled after the Singapore’s blueprint.

“Shicheng Huayuan”, when completed will house approximately 3,000 units of high and low-rise apartments, terrace houses, commercial buildings and shopfronts with amenities such as landscaped recreational facilities, club houses and childcare centers.

Dalian, dubbed as “the pearl of northern China” is developing with great speed. With the Chinese Central Government’s objective in building the city and creating an environment most suitable for business and dwelling, the demand for residential/ commercial properties are expected to increase.

There is also an upward trend in the demand for good quality residential/ commercial properties in Dalian as the population becomes more affluent and possesses higher spending power. Planning and construction on the 1st phase of the development commenced in 2005. Subsequent phases will be launched in the coming 3 years.