Shenzhen Investment Limited (SZI) has announced progress in its real estate business with the completion of demolition work for Phase II of the First Renewal Unit in Chegongmiao, Shenzhen. In June 2025, SZI successfully signed a land contract for the southern plot, advancing to the substantive development stage. The Phase II project, spanning 28,000 square meters, will feature a total construction area of 488,000 square meters and a gross floor area of 360,000 square meters. It is set to become a Transit-Oriented Development (TOD) urban complex, incorporating office, industrial, and commercial functions, and aims to establish itself as a prominent business landmark in the Chegongmiao area.
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