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Tianjin Property Insight - May 2017

Lujiazui Project Highlights New Development Trend

​With the completion of Tianjin International Building, a 38-storey block of offices, service apartments and retail space with a total built-up area of 52,000 sqm in 1991, the concept of mixed-use projects first came into the public eye in Tianjin. Mixed-use projects, which physically and functionally integrate commercial, residential, institutional and even cultural uses, have become one of the most popular types of urban development in Tianjin during the past two decades. As we continue to track Tianjin’s real estate market, we notice the size of mixed-use projects has gradually been expanding. A new mixed-use project, the Tianjin Lujiazui mixed-use project in Hongqiao District, with a total built-up area of more than 450,000 sqm (including office, retail and hotel space), will be the highlight of the market in the second half year of 2017 due to this project being bigger than most previous projects.

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