Century Bridge Capital has invested in a Chinese middle-income, residential project in Taicang, China. The project is a joint venture with Hong Kong–listed developer Jingrui, with whom Century Bridge has previously developed successful projects in Ningbo and Wuxi.
This is Century Bridge’s third project with Jingrui.
Commenting on the project, Century Bridge CEO Tom Delatour noted, “The Taicang opportunity allowed us to invest in a project supported by strong local industry drivers and build on our established relationship with Jingrui. Taicang’s solid economic fundamentals support the viability of the current and longer-term residential market. We believe the 676 unit project is well positioned to capitalize on its location adjacent to the city’s High-tech Zone. In addition, the strength of the local economy should support the ongoing demand for attractive affordable downtown housing. With presales estimated to start in November 2020 we feel our timing
