Century Bridge Capital has invested in a second Chinese middle-income, residential project in Taicang, China, with Hong Kong–listed developer Jingrui.
“This second Taicang opportunity will allow us to invest in another project supported by strong industry drivers and a recovering local economy,” said Tom Delatour, CEO of Century Bridge. “Taicang’s solid economic fundamentals support current and longer-term middle-income residential demand. Consistent with this outlook, we believe our second Taicang project — along with our previously announced project — is well positioned locally to capitalize on the ongoing demand for attractive, affordable middle-income housing.”
The project includes above ground, gross buildable area of 53,319 square meters (573,936 square feet) on a site of 33,325 square meters (358,707 square feet). The residential part will comprise approximately 51,187 square meters (550,974 square feet), representing 96 percent of above ground
