Wuxi China Bright Pearl of Taihu Lake Famous City of Wu Culture
South to the Taihu Lake and north to the Yangtze River, Wuxi is located in the center of Yangtze River Delta — the most developed economic area in China, 110km away from Shanghai, 180km away from Nanking and 200km away from Hangzhou. The entire city covers an area of about 4800km2 with a population of 6.1million, with 2 cities (jiangyin and Yixing), 7 districts (Xishan, Huishan, Binhu, Chong’an, Nanchang, Beitang and New District) under its jurisdiction. In the year 2011, the total GDP of Wuxi reaches 688.5 billion and the financial income reaches 172.2 billion.
Wuxi New District-Investment Hotspot Innovation Pioneer
In 1992, Wuxi National High-Tech Develop Zone is established under the approval of State Council, then Wuxi New District in 1995, with 6 sub-districts and 6 functional zones under its jurisdiction, covering an administrative area of 220 km2, a household population of 300,000 and floating population of 300,000.
Its total output value in the year 2011 reaches RMB 111.55 billion Yuan, which has grown 13% by last year. Its financial income reaches RMB 21.5 billion Yuan, general budget income of RMB 10.447 billion Yuan, industrial total output RMB 325.884 billion Yuan and a service industry GDP of RMB 35.693
The real estate market of Wuxi New District was launched extensively since 2004. Well- known domestic and foreign real estate developers like Vanke, Jinke, Rongqiao, LongFor, Future Land, Maoye, Glorious, Chiway, New World, Sincere, Beijing Capital Land, Landsea, Fantasia, Jiangsu Guo Xin, Hongkong Temple Life, Janpan Daiwa House are attracted to invest here. Meanwhile, five-star hotels like Accor, Hilton, Millenium, Radisson and others are settled down. The property form covers large-scale business park, townhouse, garden houses, multi-storey residential building, SOHO, commercial office building, Commercial Pedestrian Street and so on. These projects are received excellent market performance, which also shows the infinite charm of the real estate market in New District.