On August 15, 2017, Canhigh Group reached a strategic cooperation agreement with Hangzhou Industrial & Commercial Trust Co., Ltd. and Shenzhen Licheng Investment Development Co., Ltd. The three parties jointly carry forward the old city redevelopment projects in Shenzhen through financial cooperation.
Redevelopment of Shenzhen Sanlian Community is the first real estate finance project of Canhigh Group. It is an RMB 4.5 billion volume level project jointly driven by Canhigh and other strategic partners. The project is located in Longgang District of Shenzhen, with a total floor area of about 350,000 square meters. The overall sales volume is estimated to be RMB 12 billion. It is planned to become a landmark urban renewal residential project in 3-4 years.