Software park opens in Pudong
SHANGHAI aims to turn its Pudong Software Park into a software production centre on the Pacific western coast.
US lines brisk despite slack season
BUSINESS on shipping services bound for the United States is still brisk even during the slack season.
On-line bank service launched
THE Industrial and Commercial Bank of China (ICBC) on Thursday announced the first business-to-business on-line bank services in the domestic banking sector.
Floor materials on show at Shanghai Mart
CHINAFLOOR & Floortech 2000 will be held at the Shanghai Mart from April 4 to 6.
Italy confident in local fashion sector
ITALIAN textile and garment producers will find many business opportunities in Shanghai as a fashion leader in China, said a senior Italian official trade institution representative here.
Deposits shoot up in January, February
DEPOSITS in local commercial banks in the first two months of the year increased 10.24 billion yuan ($1.23 billion) after months of stagnation since the second half of 1999, according to statistics released by the People's Bank of China (PBOC) Shanghai Branch last week.
Baosteel aims at top 500
BAOSTEEL'S third phase project - expected to be completed in the first half of this year - will increase its steel production capacity to 11 million tons annually.
Eefoo.com, MIH to create ‘best financial website'
EEFOO.COM and US-based media giant MIH Co last week reached an investment agreement involving $5 million.
Golf villa estate nears completion
By Tracy Tao
PUXI will have a "golf villa estate," currently under construction in Hongqiao, in the latter half of this year. The first phase construction of the villa area, 36 of its total 229 houses, will then be finished and presented to the market. The golf villa estate, covering an area of 50 hectares, is surrounded by Yan'an Road West, Hongxu Road and Wuzhong Road, which provide a good road network in the centre of the city. The 36 houses stand at the south of its planned 30-hectare golf course, the only course with night-time illumination facilities in Shanghai, said Xu Wenkang, sales manager of Hongqiao Golf Villa. The design effectively turns a standard 9-hole course into a double-tee double-green 18-hole course. Ronald Fream, director of US firm, GolfPlan, designed the course. The 70,000-square-metre villa area above ground will be free from traffic, allowing leisurely strolls and safeguarding children. In order to maximize light and air, each house is designed with at least 16 windows, with all French windows facing south. "Houses to be sold in the first phase construction are from 430 square metres to 291 square metres," said Xu. The houses will be unfurnished to allow residents "to furnish according to their own tastes," said Xu. The huge complex that will be "Hongqiao Villa Community" will include a shopping centre for villa residents only, a housekeepers' training centre, a water purifying system and central management system and other property management services managed by Kiu Lok Property Services Ltd, one of the Hong Kong New World Group's companies. The average purchase price for the villas is $1,492 a square metre or $645,000 per villa, with the most expensive at the moment at $1,801 per square metre, said Xu.
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