Sino‐Singapore Tianjin Eco‐City Investment and Development Co. (SSTEC) and Farglory Land Development Group Shanghai which is backed by Farglory Group, Taiwan’s largest property developer, will collaborate to create a “live, work and play” community in Tianjin Eco‐City.

The two companies will work together on an integrated development costing RMB10 billion ($2 billion) and covering more than 100‐ha of residential and commercial land, of which more than 70‐ha is located within the Eco‐City’s 4‐sq km Start‐Up Area (SUA) and another 30‐ha is outside the SUA.

The entire development will include the conversion of an old fishing village, Qing Tuo Zi (QTZ) village, into an upmarket commercial development as well as a second light rail transit (LRT) station within the SUA.

This project will offer various housing options for about 12,000 new residents and serve as the hub of play activities for the Eco‐City. The main land plots within the SUA will be developed by 2013 and the overall development is expected to be completed by around 2015.

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. and the Singapore Consortium led by the Keppel Group.

The Tianjin Eco‐City is a bilateral project between China and Singapore with private‐sector investment and development. Located in the Tianjin Binhai New Area (40 km away from Tianjin city centre), the 30‐sq km Tianjin Eco‐City will be a modern township where 350,000 residents can live, work and play.