£1.3 Billion resort to be built in China

SINGAPORE, Jan 19 — A Singapore company is poised to start construction of a giant coastal resort in China.

The Sun Bay Tourist Resort in Zhejiang province will cost 14.5 billion yuan (RM7 billion) to construct, and covers an area of 21.7 sq km — more than four times Sentosa’s 5 sq km.

Located in the city of Fenghua, the high-end vacation resort will be completed in 2018 and, according to Chinese media, is likely to be the costliest project of its kind in China.

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