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Construction of mega city will start next year

Shanghai Zendai Property’s R84 billion development in Modderfontein, Johannesburg will see the start of construction early in 2015.


Artist impression of the new city on the outskirts of Johannesburg

The development plans to be a “city to rival Sandton” according to reports. With amenities such as schools, a university and a contemporary African art gallery. The founder of Shanghai Zendai Investments, Dai Zhikang has been quoted as saying that the group is planning to build a new city over the next 15 years which will focus on the retail and residential sectors.

The development will be capable to house around 100 000 people, focused mainly on international residents, the local middle class and pensioners.

The development will have nine functional zones which will include housing and schools, a central business district and also an international conference and exhibition centre.

Once the construction commences they plan to focus on developing an infrastructure over the next three years and even a Gautrain station in the next four to five years.

“Our vision that the new city will become a unique landmark that will transform Modderfontein into an international cosmopolitan asset with a cultural and art element,” Dai said.

Chinese banks have made funding available to the project, and the group aims to approach local financial institutions for further funding.

The Gauteng government has endorsed the plan, with Premier Nomvula Mokonyane suggesting that it would benefit neighbouring residents in Alexandria and Tembisa townships.

She noted that Chinese investors would comply with regulations, and locals would be consulted on the development later this week.


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