Property

Wuhan’s new landscape

Wuhan has been developing rapidly since 2011, with just one metro line in operation at the time and increasing to five metro lines at present. During the same time, a number of tall buildings and shopping malls were developed in the city, including the 9th tallest building in China, Wuhan Centre, which was completed last year. To improve the living environment of the city, Wuhan’s government has planned to redevelop the old urban areas. Coupled with the infrastructure that is currently in progress, Wuhan is set to transform into a modern, international city in central China.

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Wuhan, being the most populous city in central China, is located in Hubei Province, at the intersection of the Yangtze and Han rivers. It is an important centre for economy, trade, transportation and education in the nation, specialising in industries like optic-electronic, automobile manufacturing and iron and steel manufacturing. Wuhan’s government has announced a low-carbon city plan in September, aimed at reducing carbon emissions in production and consumption. The government is planning to develop green transport, support low-carbon vehicles and enhance the existing transportation network. 

To provide better living conditions for residents and promote sustainable development, the government launched the redevelopment project of the old urban areas. Zhongshan Avenue, which is located in the vanished wall of old Hankou with 100 years of history, was set as the pilot project. This included preserving historical buildings, as well as cutting down the number of driveway lanes and turning it into pedestrian space and outdoor leisure spaces. The redevelopment will expand to the whole old Hankou area and even the whole city. 

Extensive infrastructure developments have been carried out in Wuhan. One of them is the expansion construction of the Fourth Yangtze River Bridge which is scheduled to be completed by the end of 2018. By that time, the bridge can accommodate higher traffic volume and ease traffic congestion. Additionally, the metro network is also in the process of expansion where five additional metro lines are expected to be completed by 2020; making access to different areas of the city more convenient. 

With the redevelopment continuing to take place in the city, the landscape of Wuhan will experience significant changes. In addition, the government’s low-carbon policy will make Wuhan an eco-friendlier city, and thereby attracting more people to live there. The enhanced urban planning and transportation system will also boost investment in the city, and therefore Wuhan’s economy is expected to see high growth in the medium- to long-term.

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