Phase 2 of Lakeview Mansion in “Huazhou LVGEM International Garden” residential project, located in Maoming city of Guangdong Province, has been launched for sale on National Day holiday and the market response was overwhelming. 651 residential units were launched for phase 2, which are mainly three to five-room units with floor areas of 133-189 square meters. 601 units were subscribed and sell-through rate was approximately 90%. The contracted subscription sales reached approximately RMB602 million with an average selling price of RMB6,563 per square meter.
“Huazhou LVGEM International Garden” calls for an investment of RMB8 billion, which is an immense and rare high-end property project in Western Guangdong area, with a total gross floor area of three million square meters on a site of 1,800 mu.
The site of the project contains a 232-mu Xihu Lake, and is surrounded by two rivers, Luojiang and Jianjiang. It is also adjacent to Juzhou Park, Shaguoling Park and Xihu Municipal Park. The project is easily accessible by a transportation network that comprises National Highway 207, Juzhou Road and Zhanjiang International Airport. Positioned as a community of ecological deluxe housing, LVGEM International Garden consists of villas built by the hills and lakeside, mansions with a lake view, boutique hotels, shopping centers and high-end institutes of education.
The Chairman of LVGEM, Miss Huang Jingshu, said “The sales performance of Phase 2 Huazhou project is encouraging and hits our record high. It has proved that LVGEM’s excellent brand reputation and quality products in Pearl River Delta region are highly recognized. LVGEM is emerging as a trendsetter in Huazhou’s housing market. We have confidence in the prospect of the real estate market as well as the enormous potentials of the Pearl River Delta region in China. We will soon launch the sales of Phase 3 residential units and hope to bring fruitful sales contribution to the Group.”
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