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Glorious Property
Annual Report 2011
26
Management Discussion and Analysis -
Business Review
(Continued)
Business Review (Continued)
IV. LAND BANK (Continued)
Overview of land bank of the Group by project as at 31 December 2011:
Project
Name
City
Location
Use
Land Bank
Average
Land Cost
Interest
Attributable
to the
Group
(sq.m.) (RMB/sq.m.)
Shanghai Region
1
Shanghai Bay
Shanghai
Xuhui District
Residential,
hotel, office and
commercial
751,111
611
100%
2
Sunshine
Venice
Shanghai
Putuo District
Residential, hotel
and commercial
59,335
554
100%
3
Royal Lakefront
Shanghai
Fengxian District
Residential and
commercial
162,477
1,870
100%
4
Shanghai Villa
Glorious
Shanghai
Baoshan District
Residential and
commercial
866,019
923
100%
5
Caohejing
Project
Shanghai
Xuhui District
Office, hotel and
commercial
121,300
9,703
100%
6
Zhongcao
Xincun Project
Shanghai
Xuhui District
Serviced apartment
and commercial
91,000
9,703
100%
Sub-total
2,051,242
1,782
Yangtze River Delta
7
Nantong
Glorious
Chateau
Nantong Rugao Economic
Development Zone
Residential and
commercial
4,263,655
322
100%
8
Nantong
Guanghuabei
Project
Nantong Rugao Town
Residential and
commercial
388,859
1,234
100%
9
Rongsheng
Plaza
Nantong Xincheng District
Hotel, office and
commercial
297,486
348
100%
10
Nantong
Royal Bay
Nantong Chongchuan District Residential, office
and commercial
738,374
4,719
100%
11
Nantong
Villa Glorious
Nantong Chongchuan District Residential and
commercial
304,190
2,707
100%
12
No.1 City
Promotion
Wuxi
Wuxi New District
Residential, hotel
and commercial
425,207
679
100%
13
Classical Life
Suzhou Changshu New
District
Residential and
commercial
10,052
1,446
100%
14
Hefei Villa
Glorious
Hefei
Yaohai District
Residential and
commercial
223,586
680
100%
15
Bashangjie
Project
Hefei
Yaohai District
Residential,
hotel, office and
commercial
1,347,100
881
100%
16
Hefei Royal
Garden
Hefei
Luyang District
Residential, hotel
and commercial
498,378
1,207
100%
17
Nanjing
Royal Bay
Nanjing Xiaguan District
Residential and
commercial
663,913
6,013
60%
Sub-total
9,160,800
1,365