The second phase of Zhongdao Blue Ocean Newport City is developed by Qingdao Urban Construction Investment (Group) Co., Ltd. and Franshion Properties (China) Co., Ltd.
The two companies signed a strategic cooperation agreement on December 29, 2009, which marks the full launch of the Zhongdao Blue Ocean Newport City project. The second phase of Zhongdao Blue Ocean Newport City is expected to start construction next year, with a development and construction cycle of three to four years. The second phase of the project covers an area of about 19 hectares, and the investment will reach 4.5 billion yuan to 5 billion yuan, with the construction of two super-high-rise clusters, including two 70-story, two 60-story and other four super-high-rise buildings. It is reported that after the completion of the entire Zhongdao Blue Ocean Newport City project, the residential area will account for 56% of the total area (the four high-rise buildings in the first phase of Zhongdao Blue Ocean Newport City are now under construction).
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