Sino-Singapore Tianjin Eco-City Investment and Development Co. (SSTEC) has signed a RMB 4.5 billion ($927 million) agreement with Mitsui Fudosan Residential Co. and Tiong Seng Properties to create the first riverfront eco-neighbourhood in the Tianjin Eco-city. The first phase of this project, consisting of about 450 high-rise apartments, will be put up for sale in the second half of this year.

The integrated development of three adjacent land plots with a residential GFA of more than 360,000 sqm is expected to be fully completed by 2014, and will offer a variety of housing options ranging from mid-high residential to high-end low-rise housing.

By connecting the three plots from the eco-valley to the riverfront to create a “walkable community”, SSTEC says residents of any one plot can easily access amenities such as the neighbourhood centre, school, light rail stations and the riverfront lifestyle, offered by the other plots.

SSTEC is the master developer for the Tianjin Eco-City. It is a 50/50 joint venture between the Chinese consortium led by Tianjin TEDA Investment Holding Co., Ltd (Tianjin TEDA) and the Singapore consortium led by the Keppel Group.