One entrepreneur who is clearly thinking about where the region’s youth will be basing themselves is Allan Zeman. According to Chinese media, Lan Kwai Fong is coming to Shekou, in a new large-scale project being built by China Merchants Group.
The project is a joint venture between Lan Kwai Fong Group, China Merchants Shekou Industrial Zone Holdings, and Shenzhen Yatong Holding Group. It is apparently an important part of the whole Shenzhen Merchants Shekou Taizi Bay development, a massive redevelopment project centered on the old port area.
Zeman was quoted as saying that the “LKF852 Prince Bay” project will “deepen the integration of Greater Bay Area resources, build a new ecology of business, culture, entertainment and leisure, and create a new urban landmark for Shenzhen”.
Taizi Bay is the flagship real-estate development of China Merchants Group, which signed an agreement for its scope with the provincial government in 2016. Covering 1.7 million sqm, it includes the largest domestic cruise port in southern China, as well as commercial and office space, residential, hotels, culture and art facilities, warehouses, international schools, international hospitals, public transport hubs and “others”.
Read more here (in Chinese).