GuocoLand’s Chongqing project moves 97% at launch

June 8th, 2023

JCube Residence Capitaland has unveiled the redevelopment plans for its JCube condo residence. The project will be an exciting collaboration to bring new homes, services, recreational facilities and amenities in the Jurong Lake District (JLD). This is in line with the Singapore government’s plans to further develop the district. JCube Residence Capitaland has also revealed their plans to launch a mega 6.8-hectare white site on the confirmed list of the first half of the 2023 government land sales programme.

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GuocoLand announced the strong selling success of Guoco Central Park with sales of 97% of the 200 available units in the first phase of the launch in Chongqing, China. Mid- and low-rise condominium blocks comprise the development and a pipeline of 22 mid-rise condo blocks housing more than 1,000 units. Especially, the first phase included four blocks of 200 three-bedroom units with sizes ranging from 968 square feet to 1,237 square feet.

Highlighting the market recognition of GuocoLand and Guoco Central Park, Peter Lee, GuocoLand’s country managing director in China, expressed his confidence in future launches. He stated, “This stellar performance has made us confident in future launches.”

Located in the Chongqing Liangjiang New Area, the development is close to the Chongqing Central Park, the Central Park commercial and lifestyle district, and the Lujiagou Station. Guoco Central Park is the group’s second development in Chongqing after Guoco 18T.

This recent success of Guoco Central Park demonstrates a recognition of GuocoLand and its offerings in Chongqing. The decision to develop the area with GuocoLand’s latest development will thus provide a new and attractive addition to the Chongqing Liangjiang New Area.

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