China architect plans 'garden city' in new economic zone
Xiongan, Beijing
THE chief architect of China's latest special economic zone said he expects to submit to the government by the end of this month a detailed proposal including plans for a high-tech garden city in one of the country's most polluted provinces.
The idea of developing the Xiongan New Area, about 100 kilometres south-west of Beijing, was announced on April 1. The planned zone in Hebei province has been touted as having the same national significance as the Shenzhen Special Economic Zone that helped launch China's economic transformation in 1980.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co