IPC Corporation Ltd
 
 
IPC Corporation Ltd
 
Projects in China

PROPERTY DEVELOPMENT & INVESTMENT

In China, IPC started as a developer of Costa del Sol, a premium residential and commercial property project in Zhuhai, PRC. The project sits on an approximately 170,000 sqm plot of land with plot-ratio 1:1. More than 1600 residential units comprising both high rise apartments and landed houses were built as part of the total development.

The project has won the Group several accolades, including the Zhuhai Top Star Property Award in 2002 and 2003, and Zhuhai Landscaping Gold Medal Property Award in 2004. The Group was also an award recipient of the 9th International Garden City Awards for being one of China’s best international garden communities.

With the accumulated wealth of experience and knowledge in the property busines, the Group has expanded from being a pure property developer to focusing on property consulting and investment (PCI) activity. Pursuant to this change of development strategy, the Group has extended its PCI service and activity to other CHINA second tier cities in China, providing consulting services to local small to mid-size developers and government agencies for residential and commercial development projects. Through this activity, it generates fee-based income as well as creates an opportunity for the Group to participate in selected development projects by making an investment.

One of the noteable PCI project was an investment made by taking a 10% interest in a new development project in an office cum commercial building called Aenon International Plaza in Foshan. The whole project comprises two buildings -- the main building comprises 26-storey, and an annex building of 11-storey. Total floor area of the project is about 80,000 sqm, comprising 53,000 sqm of office space, 7,000 sqm of commercial space, and 20,000 sqm of basement area. Completion of the project is expected to be in 2013. As part of the Group’s strategy to generate a sustainable income stream, it shall be embarking on its hotel investment in China, in particular business and boutique hotels.

 
Costa-Del-Sol, Zhuhai  
The project was completed in 2008 and the residential units were completely sold, except for the commercial properties comprising primarily the hotel-cum-shops and clubhouse.
   
Aenon International Plaza, Foshan  
The whole project comprises two buildings -- the main building comprises 26-storey, and an annex building of 11-storey. Total floor area is about 80,000 sqm, comprising 53,000 sqm of office space, 7,000 sqm of commercial space, and 20,000 sqm of basement area.
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