On June 23, the
land 20200HP02, the western area of Maluan Bay of Haicang District, was
auctioned in Xiamen Municipal Administration Service Center. SM China won this
land at the base price of 443 million yuan.
Johnson Co, General Manager of SM China Region, raising
the board for bidding
SM signing the sales confirmation
The plot, with an
area of 28954.442 ㎡, is
located at the southeast side of the intersection of Fulian Road and Dongfu
West Road in Maluan Bay Area of 05-06 Haicang District. The land is used for
retail business and public facilities.
land sketch map
According to land planning, SM China is
predicted to build a new lifestyle city complex that covers the total area of
about 140,000 square meters with investment totaling over 1 billion yuan.
Featuring experience excellence of being comfortable, fashionable, leisure,
interesting, united and feasting, the newly-built shopping center will integrate
boutique and supermarket, fashion and entertainment, children and home, food hall,
altogether with other lifestyles. Link to Lindai station of Metro Line 6, the
project is designed to be equipped with 1000 parking plots. Since its
operation, this complex will promote the business upgrade of Maluan Bay New
Town, bringing novel experience of modern and fashion city life.
SM China's early visit to the targeted plot
Johnson Co, General Manager of SM China Region, said： “'Landing in one city, taking root
in one city'. SM Group’s first investment in China is Xiamen. So far, in line
with brand development, SM China has lived with Xiamen for 19 years. As the
newly-developing western bay area of Xiamen, Maluan Bay New Town possesses
considerable potential in business. SM China looks forward to developing with it
side by side.”
In early stage, SM China has frequently
negotiated with the Construction Headquarter of Maluan Bay New Town and Haicai
District Government on the issue of investment promotion. At 2019 China
International Fair for Investment & Trade, SM China signed the agreement on
three-party investment intension. Through this public land auction, SM
officially bid for this land for investment.
the agreement on investment intension in Maluan Bay at 2019 China International
Fair for Investment & Trade,