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Update time:2017-03-24

SINGAPORE (March 24): Sino-Singapore Guangzhou Knowledge City (SSGKC), a joint initiative between Ascendas-Singbridge and the Guangzhou Development District Administrative Committee (GDDAC), has passed two project development milestones in Guangzhou.

In a Friday release, SSGKC says it yesterday celebrated the two milestones with the groundbreaking of the first neighbourhood centre (NC1) at the Start-Up Area, and, on the same day, held the initiation ceremony of the Ascendas-Singbridge International Launch Pad (ASB ILP) at Ascendas OneHub GKC.
Occupying 18,000 sq m and comprising a gross floor area (GFA) of 47,975 sq m, NC1 is the first of five neighbourhood centres which SSGKC intends to construct at its start-up area. Its construction is expected to be completed in end 2018.  
Each of the five neighbourhood centres planned for SSGKC will serve approximately 6,000 to 8,000 households or 20,000 to 30,000 residents who live within a 1km radius from each centre.
SSGKC says that upon the completion of NC1, which is expected to be operational in 2019, residents will enjoy “easy and convenient access to comprehensive suite of commercial services, one-stop government services, and integrated community services”.
Total investment for the centre is estimated to be RMB230 million (S$46.8 million).
On the other hand, ASB ILP is a platform that is designed to foster innovation, facilitate collaboration and business-to-business exchanges, which SSGKC says marks another key milestone in the its own development in progressing towards becoming a “model and catalyst for Guangdong’s innovation drive and economic transformation”.
According to SSGKC, the ASB ILP will start by focusing on attracting companies in the sectors of eServices, eMobility, eHealth and eNergy Management – in addition to seeding a cluster of start-up and growth companies within Ascendas OneHub GKC’s community to “catalyse economic growth and innovative ventures” in Guangzhou.
“As the city of Guangzhou continues on its economic transformation, SSGKC, as a vibrant hub that appeals to global talent in the knowledge economy, will serve as a key enabler that facilitates the growth of new and innovative industries. This will continue to put the city on the world map as it drives the wheels of modernisation in China,” comments Nina Yang, Ascendas-Singbridge’s CEO for sustainable urban development.
“Guangzhou and Singapore are both strategic gateways along the maritime silk route outlined in China’s ‘One Belt, One Road’ initiative. With SSGKC’s status as the first and only platform to implement the proposed Comprehensive Intellectual Property Rights Reform
Pilot programme in China, coupled with Singapore’s drive towards building a global innovation alliance, we believe SSGKC holds great potential for the development of a healthy and vibrant ecosystem that is conducive for both Singapore and Chinese companies to flourish and thrive,” she adds.