US$8 Billion New City Project for Modderfontein, Johannesburg
16 April 2014
A US$8billion new city project has been unveiled for Modderfontein east of Johannesburg by a Chinese company, Shanghai Zendai. The project which will occupy 1,600 hectare land between OR Tambo International Airport and Sandton was announced by Shanghai Zendai founder and Chairman Zikhang Dai during an investor briefing hosted by him in the Modderfontein Reserve.
Chinese group's R84bn Modderfontein plan
11 April 2014
Set to transform Modderfontein and 'benefit South Africans'. See gallery. The stereotype that Chinese businessmen exploit smaller countries through their investments in land, which has led to their integrity being tainted, needs to be dispelled.
Johannesburg's Modderfontein "New City" unveiled
11 April 2014
South Africa is set for high infrastructural development through the inception of Modderfontein New City in Johannesburg. “We facilitated all the processes within government, we approved all the plans. We dictated the priorities, [including] residential development, education and the skills development centre,” Nomvula Mokonyane, Premier of Gauteng told CNBC Africa.
Shanghai Zendai unveils R84bn landmark development plans
10 April 2014
Hong Kong listed Shanghai Zendai on Wednesday revealed ambitious plans to create a new city centre, with the recently acquired 1600ha of land in Modderfontein north-eastern Johannesburg. Plans to build a new city centre in Modderfontein were unveiled at an investors briefing event hosted by founder Zikhang Dai in the Modderfontein Reserve.
Chinese company plans $8 bln South African city development
9 April 2014
China's Shanghai Zendai Property plans to break ground next year on an $8 billion new city development near South Africa's commercial capital Johannesburg, its chairman said on Wednesday. The 1,600 hectare "Modderfontein New City" will include offices, a light industry park, housing for 100,000 people, schools and entertainment centres and is expected to take at least 15 years to complete.