The foreign real estate enterprise "Jinzhou Shengang Real Estate Development Co., Ltd." officially settled in Jinzhou in early June. The investor of this enterprise is Hong Kong Industrial Investment Co., Ltd., with a total investment of 35 million US dollars and a registered capital of 20 million US dollars, mainly engaged in commercial and residential real estate development. Invest in the development of Wuxing Village in Guta New District, north of Songpo Road, covering an area of 1.50 mu, with an estimated total construction area of 1.60 million square meters. Among them, there are 60,000 square meters of shops and serviced apartments facing the street and 6,543,800 square meters of houses. Within two years, a commercial city integrating modern commercial service industry, serviced apartments and low-rent housing will be built, which has added a new bright spot for attracting investment from commercial real estate in our city.
According to the relevant regulations on foreign investment access in the real estate market issued by the Ministry of Commerce and other six ministries and commissions, the prerequisite for the approval of real estate projects is to obtain the land use right of real estate plots before the establishment of foreign-funded enterprises. In order to facilitate foreign-funded real estate enterprises to invest in Jinzhou and promote the investment attraction of our city's real estate industry, the Municipal Bureau of Foreign Trade and Economic Cooperation, together with the Municipal Land Bureau and the Administration of Foreign Exchange, opened a temporary foreign exchange account in the municipal land transfer center, which was specially used for foreign-funded enterprises to pay land deposits, thus solving the difficulties of foreign-funded enterprises in the examination and approval process and creating convenient conditions for more foreign investors to invest in Jinzhou's real estate industry. It is reported that in the near future, there will be a number of foreign-invested real estate enterprises in our city.