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The area starting from the south of the Favorview Palace Estate to Zhujiang New Town has been prospering into a new downtown in Guangzhou as a result of the urban expansion into the east of the city. Besides the Favorview Palace Estate in this booming area, the Kingold Group is developing another deluxe residential project on the banks of the Pearl River -- seven 50-floor, deluxe residential buildings, which will become one of the new landmark buildings in the Central Business District of Guangzhou and represents one of the best deluxe residential projects in Southern China.
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Guangzhou and the Pearl River Delta area enjoy rapid economic development moving into the 21st century. Headquartered in Guangzhou, the Kingold Group has already mapped out the blueprint for its future business growth. Currently, the Kingold Group has acquired the F1-1 Plot of Land in the Central Business District of Zhujiang New Town, to be built into a superb Grade A Office Tower with luxurious service apartments and international brand-name outlets by the year 2010. Upon its completion, it will become one of the new landmark buildings in Guangzhou and represents another milestone success of the Kingold Real Estate Division, hailing to the Asian Games hosted in Guangzhou China by that time.
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