SHKP Quarterly

Shanghai Arch Phase 2 in Shanghai sees encouraging sales 上海濱江凱旋門二期銷情熾熱 Shanghai Arch, the Group’s luxury residential development in the Shanghai Lujiazui CBD, will provide about 1.5 million square feet of residences in three phases. Shanghai Arch Phase 2 was launched following the approval of a pre-sale permit in late March this year. The market response has been encouraging, with 168 Shanghai Arch Phase 2 residential units sold as at 6 July 2020, representing over 90% of the residential units that were offered for sale. Total contracted sales exceeded RMB4,500 million. Prime location with a direct view of the Huangpu River Situated on Pu Ming Road, Shanghai Arch is nestled in a traditional luxury neighbourhood with easy access. The overall fan-shaped layout is designed to maximize the magnificent view of the Huangpu River and the far- famed historic buildings along the Bund. The development is being built with quality building materials and premium facilities to complement the high-end lifestyle, setting a new standard for luxury residences in the city. Shanghai Arch Phase 2, located in the core of the development, comprises 175 luxury residential units in four residential towers. Typical units will range from about 1,464 to 2,637 square feet with two or three bedrooms and a balcony facing the Huangpu River. Sky penthouses and special garden units will also be available. The master bedrooms will include walk-in wardrobes for added luxury. Prestigious facilities add to the stylish lifestyle The Shanghai Arch clubhouse, spanning 86,000 square feet overlooking the river, features luxury facilities to fulfil residents’ fitness, leisure, banquet and other needs. The comprehensive facilities include a heated swimming pool with a skylight glass dome roof, spa rooms, river view banquet rooms, a kick-boxing room, multi- purpose sports hall, snooker room, karaoke room, piano room, children’s playground, outdoor rooftop garden and more. The spacious apar tments in Shanghai Arch Phase 2 will be equipped with top international brands of kitchen appliances and installations. Other appliances will be upgraded in various ways to deliver a refined lifestyle. All apartments will have a smart home system, and the WiFi network will reach every corner of the apartments, providing convenient Internet access. Air- conditioners in the apartments will have PM2.5 filters to ensure good indoor air quality, thus safeguarding residents’ health. Construc tion work on Shanghai Arch Phase 2 is basically complete, with interior decoration work now in progress. The phase is scheduled for handover to new owners by March next year. Business News - Mainland Vol 96 • Q2 2020 • SHKP Quarterly 14