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恆大 海上威尼斯 September 6, 2015

Posted by hslu in China, Shanghai.
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A friend suggested to us that we should visit 恆大’s 海上威尼斯 and see if it fits into our real estate investment objective.

Map showing the location of the properties。

Map showing the location of the properties。

It was free for potential investors and no purchase was necessary. A bus would take us there, a light lunch was provided and we could take the bus back to Shanghai in the afternoon.

Hmmm…, 何樂而不爲呢?

The bus leaves around 8:30 in the morning. It takes about an hour to get there: the other side of the 崇明島 in Jiangsu province 江蘇省 just around the mouth of Yangtze River, 揚子江.

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Wind turbines along the Yangtze River。

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New apartments are under construction on the Chongming Island in the middle of the Yangtze River。

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恆大 apartments are under construction。

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Phase I。 Townhouses and single family houses。Access to the man-made canal is right at its front or back door.

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The main building. It is a hotel.

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Second phase is in the far ground.

Well, it was very impressive: obviously a huge investment by the developer; 恆大. It has great potential if the developer does all it promises to do over the courses of five or six phases in six to ten years. The first phase has sold out and the 2nd phase is in progress.

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DSC02158Prices for the finished and unfinished models were not that out of line. People from Shanghai are likely to come here for a weekend to relax and to get out of the daily grind.

A chart shows the availability of different models. The red ones have been sold. There were probably 10 other charts like this through out the displaying halls.

A chart shows the availability of different models. The red ones have been sold. There were probably 10 other charts like this through out the displaying halls.

 

 

Promotional show put up by the developer to keep people interested.

Promotional show put up by the developer to keep people interested.

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You don't want to know the price of this building.

You don’t want to know the price of this building.

The things we didn’t like were:

1) water is too cold even in the summer time,

2) water may be cloudy because of all the sand carried by the Yangtze River, the 長江 and,

3) not many properties have an ocean view.

You have to buy a condo on the 19th floor or higher in order to get an ocean view. If I were to buy a vacation property with an ocean view, I will probably buy one around Sanya 三亞 in Hainandao 海南島. However, it is too far from shanghai. Prices are cheaper now for properties around 三亞 after the real estate market gone though a huge correction.

Well, we had a good time and came back to Shanghai on the same bus we went to there.

We can ride the dual drive tandem bike ourselves to look around。

We can ride the dual drive tandem bike ourselves to look around。

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My friend bought a property and she is very happy with the purchase.

 

 

 

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