CONFIDENTIAL
Q
5.
12.
A summary (by no means exhaustive) of known Industrial Invest-
ments is at Annex B and of known Building and Construction Projects at
Annex C.
13.
Areas for development.
An overall development plan for Shenzhen
has not yet been produced by the Chinese authorities. However, the following areas (see Map: Annex D) seem to have been officially designated for
specific types of development.
(a) Mirs Bay. Hong Kong developers have expressed an interest
in exploiting the fine, wide beaches around the Bay. Whilst
most of the projects are still at the planning stage, one small beach resort (unimaginative in design and extremely
spartan in comfort) has been built in a bay near Yantian (Annex D ref. (a)). Also planned is a yacht marina at
Xizhong on the southern tip of the Dapeng Peninsula, to
be developed by Goodyear Esites of Hong Kong.
Garden".
(b) Central Reservoir/Meisha area. This area, immediately to
the east of the town, close to Shenzhen Reservoir has been
allocated for tourist recreational and residential
development. Seven housing estates are currently under construction in the area. The Donghu and Zhuyuan ("Bamboo
Annex D ref. (b)) Hotels are located within this
area as is the tourist centre and restaurant at the Reservoir
itself (Annex D: ref (c)). Close to the Zhuyuan Hotel, also
alongside the Shenzhen - Sha Tau Kok road, is a housing development constructed and managed by the Hong Kong Millies group (Annex D: ref. (d)). As at 4 June, the whole of the second phase of the development (some 216 flats) had already 'been sold. The average purchase .price of a two-bedroomed
flat was HK$140,000.
CONFIDENTIAL
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