1. Partnership for Urban Innovation:
Global Conference 2010
- Urban Innovation in China
Mr. Vincent H. S. LO
Chairman, Shui On Land
17 June 2010
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2. China’s impressive economic track record
GDP growth yoy
16%
14% 13.0%
12%
10% 9.6% 9.5f%
8% 8.7%
6%
4%
2%
0%
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010f
Source: National Bureau of Statistics, World Bank (2010 forecast)
• Average real GDP growth rate of 9.9% since the Open Door policy began in 1978
• Timely and effective stimulus programme – China grew by 8.7% in 2009 and by 11.9%
yoy in Q1 2010
• The World Bank forecasts GDP growth of 9.5% in 2010
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3. China’s Enormous Urbanization Program and
Unique Opportunity
• China has an unique, historic opportunity to reshape its cities and
become the world’s leader in urban innovation
• China’s cities will expand enormously – its urban population will
increase by 342 million by 2030, and by 430 million to reach 980
million by 2040 (UN forecasts)
• Reasons for rapid urbanization in China
– To lessen urban-rural disparities
– To achieve a relatively “well-off society” living standard for all by
2020
– To provide sustainable economic growth momentum
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4. Green and Innovative Economic Growth
• Emphasis on environmental quality and green GDP
– Harder for polluted cities to attract investors and creative class in
higher-value sectors
– Environmental clean-up could cost about 5% of GDP per year
over a 10-year period, a sizeable but necessary investment
– Clean tech can be a new growth engine, and China has
opportunity to leapfrog to the front of this emerging sector
• GDP growth will be increasingly based on innovation and productivity
gains
– Beyond economic growth based on labour and capital only
– Nurture new business clusters and deepen existing ones
– Importance of creative class in driving growth of high-end
economic activities
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5. Livability is Key for 21st Century Urban Design
• Lessons from urban trajectories of developed countries
– Interesting natural surroundings, pleasant climates or quality
urban landscapes are in high demand
– Preservation of heritage buildings to revitalize historic sites and
neighbourhoods
– Rapid rise of middle class creates a market for high-quality
developments that offer a wide range of services, adopt leading
edge design and embody local culture
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6. Urban Planning Best Practices – Diversity and
Adaptability
• Cities follow diverse urbanization paths
– Facilities to nurture competitive industrial clusters (Chongqing,
Wuhan, Foshan, Dalian)
– Amenities to support activities of high-end business and
professional service centres (Beijing, Shanghai)
– Balance between natural and built environments (Hangzhou,
Kunming, Xiamen, Qingdao)
• Technological change and modern lifestyles mean urban planning
needs to be highly adaptable
– Adopt best planning practices
– Undertake comprehensive impact assessment
– Joint public-private evaluation of each proposed development
project according to its expected contribution
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7. Shanghai’s journey towards becoming a world city
Services as a share Services as a share of
Real GDP growth of GDP GDP
20% Real GDP growth 70%
18% 60%
16%
14% 50%
12% 15.0%
40%
10%
8% 30%
6% 20%
4%
2% 10%
0% 0%
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
1Q2010
Source: Shanghai Municipal Bureau of Statistics
• Shanghai’s GDP growth has averaged 9.9% since 1978, accelerating to average 12.2%
since 1992
• Shanghai was recognised as the “dragon head” of the Yangtse River region in 1992,
following the setting up of Pudong New Area
• Consistently a leading destination for foreign direct investment in China
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8. Shanghai – Taipingqiao Redevelopment Project
Shui On Land’s first large-scale, mixed-use city-core redevelopment project to create a
“Total Community” equipped with full range of amenities via master-planning to enable
life enrichment of “Live-Work-Play” within walking distance.
Taipingqiao, Shanghai
Corporate Avenue Lakeville
Shanghai Xintiandi Taipingqiao Lake & Park
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9. Shanghai Xintiandi
The project embodies a sustainable community by “Preserving the Past, Building
Communities for the Future”. The dilapidated Shanghai traditional residence “Shikumen”
was injected with new life by preserving its architectural beauty and creating its new
commercial value.
Original Now
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10. Shanghai Xintiandi
By bringing together the international expertise and local experience, the project sets a
cultural platform for “East-Meets-West”.
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11. Shanghai Xintiandi
Shanghai Xintiandi has become an internationally-renowned landmark of Shanghai. It
attracts numbers of world leaders and government officials to visit.
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12. Knowledge & Innovation Community (KIC), Shanghai
The project is aligned with the government’s strategy of “Revitalising the City with
Science & Technology”. Sharing the visions of the Silicon Valley in the US and the Left
Bank in Paris, KIC focuses on enhancing technological innovation and entrepreneurship
spirit. Placing strong emphasis on education, technology, research and business
incubation, KIC is a multi-function community where people live, study, work and relax.
KIC Tech Park -
an R&D area
Jiangwan Sports Centre
KIC Village - a mixed-use
area comprising residential,
office, retail and
recreational amenities KIC Plaza - a work, business,
innovation, learning, leisure
and cultural core
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13. KIC
Adjacent to 14 universities, and about 40 key state laboratories and research institutes,
this project will become the intellectual hub of Shanghai.
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14. Dalian Tiandi, Dalian
Dalian is recognised as a regional economic hub in northeast China and is well known
for its rapidly emerging information technology outsourcing (“ITO”) and business process
outsourcing (“BPO”) industries.
Dalian Tiandi project has a total planned buildable GFA of 3.54 million sq.m.
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15. Chongqing Tiandi, Chongqing &
Wuhan Tiandi, Wuhan
Chongqing Tiandi is a commercial and
financial hub for Western China.
The GFA of Chongqing Tiandi project is
3.48 million sq.m.
Wuhan’s strategic location makes it an
important economic hub in central China.
The GFA of Wuhan Tiandi project is 1.47
million sq.m.
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16. Foshan Lingnan Tiandi, Foshan
Foshan has been active in regional collaboration and is closely integrated with the
Guangzhou-Foshan Economic Zone and the Pan-Pearl River Delta.
The GFA of Foshan Lingnan Tiandi project is 1.64 million sq.m.
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17. Continue to Innovate - A Pioneer in Customisation
One of our innovative initiative is the premium customisation programme. To cater
individual preferences, we are offering customers a selection of interior designs based
on different floor plans. It has not only helped to enhance the flexibility and functionality
of our products, but also to conserve the use of the earth’s resources.
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18. Urban Innovation and Real Estate
High-quality, well-planned real estate projects designed in
line with city growth and sustainability objectives can
catalyse the emergence of CBDs and knowledge hubs as
focal points for service sector activity as well as
energise traditional but lagging urban areas.
With its KIC and Tiandi series of developments,
Shui On is setting an example of
innovative urban development.
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