{"id":3848,"date":"2009-11-18T08:08:00","date_gmt":"2009-11-18T08:08:00","guid":{"rendered":"urn:uuid:9c806c60-80ad-4d42-b3e1-035365a630b5"},"modified":"2025-03-06T07:22:12","modified_gmt":"2025-03-06T07:22:12","slug":"mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/","title":{"rendered":"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China"},"content":{"rendered":"\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Foshan, China<\/strong>&nbsp;\u2013 Mapletree Investments Pte Ltd (\u201cMapletree\u201d) today celebrated the ground-breaking for Phase 1 of its Nanhai Business City (\u201cNBC\u201d), a mixed-use integrated development located in Guicheng Street, Nanhai District of Foshan City in Guangdong Province, China.<\/p>\n\n\n\n<p>Phase 1, which involves the development of 20 high-rise apartment blocks and a vibrant retail mall on more than 10 hectares of land, is part of a larger proposed 35-hectare development comprising retail, residential, office and hotel components, to be developed in phases according to market demand. This is Mapletree\u2019s first commercial project in South China and its largest project to date valued at US$342 million (RMB2.3 billion) when completed.<\/p>\n\n\n\n<p>The project is undertaken by a Mapletree-sponsored private real estate fund called Mapletree India China Fund (\u201cMIC Fund\u201d), which holds 80% share in the joint venture company to develop Nanhai Business City. The balance of the 20% share is held by a local Chinese partner, Mr Pan Shun Ming, Chairman of Southern Packaging Limited. Nanhai Business City is the fund\u2019s third investment in China.<\/p>\n\n\n\n<p>Mr Hiew Yoon Khong, Chief Executive Officer of Mapletree said, \u201cOur investment in Nanhai Business City underscores the importance of South China as an investment location for Mapletree, particularly, the Nanhai district in Foshan City. We see a lot of potential in Foshan\u2019s strategic location and are keen to participate in the city\u2019s rapid urbanisation by bringing our expertise in creating vibrant integrated work-live-play environments here. We are confident that the demand for good quality residential, retail, business and other commercial real estate sectors will continue to see significant growth, given the growing affluence of the population in Foshan.\u201d<\/p>\n\n\n\n<p>Mapletree\u2019s vision for Nanhai Business City is to create a vibrant, cosmopolitan hub for work, live and play featuring dynamic new work places such as a business park to cater to out-of-CBD middle and back room operations; a new retail mall to cater for today&#8217;s shopping demands, as well as modern residential and hotel components to supplement the growing needs of residents and visitors. This entire proposed project, which spans 35 hectares, will be developed in phases according to market demand.<\/p>\n\n\n\n<p>Mr Hiew added, \u201cChina is an important investment market for Mapletree. We see Nanhai Business City as an excellent opportunity for us to scale up our business in the Pearl River Delta as well as complement the next phase of Foshan\u2019s growth. We are currently evaluating several other suitable investments in China and India for our US$1.16 billion Mapletree India China Fund, which was specifically set up to fund our expansion in China and India.\u201c<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-medium-font-size\">More about Phase 1 of Nanhai Business City<\/h3>\n\n\n\n<p>Under Phase 1 of the project, Mapletree will develop a total of about 2,000 residential apartments. These will be supported by comprehensive recreational facilities like a recreation centre, gymnasium, caf\u00e9, basketball court, indoor and outdoor swimming pools and lush landscaping and themed gardens, which will evoke a resort-like environment. The first batch of 270 units will be ready for sale in 3Q 2010.<\/p>\n\n\n\n<p>Complementing the residential component, will be a four-storey retail mall, featuring a total gross floor area of about 100,000 square metres. This mall, to be known as VivoCity@Nanhai will incorporate some of the successful attributes of Mapletree\u2019s award-winning retail mall, VivoCity in Singapore. When completed, VivoCity@Nanhai will energise the retail scene in Foshan with its interesting mix of retail, leisure and entertainment pursuits, all under one roof.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-medium-font-size\">Strategic Location<\/h3>\n\n\n\n<p>Nanhai Business City, which is located in Guicheng County, the eastern side of Nanhai District in Foshan City, enjoys good accessibility as it is within a 5 and 15-minute drive to the Qiandenghu Financial Centre and Foshan downtown respectively. In addition, it is a 5 to10-minute drive from the Foshan-Guangzhou intercity metro and the future New Guangzhou Passenger Station for the high speed railway connecting Hong Kong and Wuhan, which is expected to be in operation in 2010.<\/p>\n\n\n\n<p>The project is also about a 40-minute drive away from the Guangzhou East Train Station and the Guangzhou CBD, and an hour\u2019s drive from the Guangzhou Airport and the Nansha Port.<\/p>\n<\/div>\n<\/div>\n","protected":false},"featured_media":189,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[662,114],"newsroom-category":[112,1135],"csr-category":[],"class_list":["post-3848","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-662","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China - MIPL Vietnam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China - MIPL Vietnam\" \/>\n<meta property=\"og:description\" content=\"Foshan, China&nbsp;\u2013 Mapletree Investments Pte Ltd (\u201cMapletree\u201d) today celebrated the ground-breaking for Phase 1 of its Nanhai Business City (\u201cNBC\u201d), a mixed-use integrated development located in Guicheng Street, Nanhai District of Foshan City in Guangdong Province, China. Phase 1, which involves the development of 20 high-rise apartment blocks and a vibrant retail mall on more [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/\" \/>\n<meta property=\"og:site_name\" content=\"MIPL Vietnam\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-06T07:22:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mapletree-stag.altis.cloud\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"979\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/\",\"url\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/\",\"name\":\"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China - MIPL Vietnam\",\"isPartOf\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\",\"datePublished\":\"2009-11-18T08:08:00+00:00\",\"dateModified\":\"2025-03-06T07:22:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#primaryimage\",\"url\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\",\"contentUrl\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\",\"width\":979,\"height\":183,\"caption\":\"Handle, Sink, Sink Faucet\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mapletree.com.sg\/vn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newsroom\",\"item\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/#website\",\"url\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/\",\"name\":\"MIPL Vietnam\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China - MIPL Vietnam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/","og_locale":"en_US","og_type":"article","og_title":"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China - MIPL Vietnam","og_description":"Foshan, China&nbsp;\u2013 Mapletree Investments Pte Ltd (\u201cMapletree\u201d) today celebrated the ground-breaking for Phase 1 of its Nanhai Business City (\u201cNBC\u201d), a mixed-use integrated development located in Guicheng Street, Nanhai District of Foshan City in Guangdong Province, China. Phase 1, which involves the development of 20 high-rise apartment blocks and a vibrant retail mall on more [&hellip;]","og_url":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/","og_site_name":"MIPL Vietnam","article_modified_time":"2025-03-06T07:22:12+00:00","og_image":[{"width":979,"height":183,"url":"https:\/\/mapletree-stag.altis.cloud\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/","url":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/","name":"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China - MIPL Vietnam","isPartOf":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#primaryimage"},"image":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","datePublished":"2009-11-18T08:08:00+00:00","dateModified":"2025-03-06T07:22:12+00:00","breadcrumb":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#primaryimage","url":"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","contentUrl":"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","width":979,"height":183,"caption":"Handle, Sink, Sink Faucet"},{"@type":"BreadcrumbList","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-celebrates-ground-breaking-of-nanhai-business-city-its-first-commercial-project-in-south-china\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mapletree.com.sg\/vn\/"},{"@type":"ListItem","position":2,"name":"Newsroom","item":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/"},{"@type":"ListItem","position":3,"name":"Mapletree Celebrates Ground-Breaking Of Nanhai Business City, Its First Commercial Project In South China"}]},{"@type":"WebSite","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/#website","url":"https:\/\/mapletree-stag.altis.cloud\/vn\/","name":"MIPL Vietnam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mapletree-stag.altis.cloud\/vn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/newsroom\/3848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/newsroom"}],"about":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/types\/newsroom"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/media\/189"}],"wp:attachment":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/media?parent=3848"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/tags?post=3848"},{"taxonomy":"newsroom-category","embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/newsroom-category?post=3848"},{"taxonomy":"csr-category","embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/csr-category?post=3848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}