The nation's first auctioned uninhabited island under construction

Category: Other News
Published: Tuesday, 10 June 2014 08:48

The first-phase of the development project of Dayangyu Island, China's first uninhabited island, had started at the end of last month. The developer has invested 10 million yuan in the construction so far.

The construction project of Dayangyu Island is divided into three phase. The first phase is the building of a 270° sea view hotel with a total investment of 30 million yuan. To minimize the damage to the mountains, the architecture is designed to be embedded into the mountain. Surrounded with a fishing center and a beach, the hotel will also be equipped with a large natural saltwater pool. The developer plans to turn the island into a high-end tourism and recreation destination.

Dayangyu Island became China's first uninhabited island to be publicly auctioned. The land use rights of the island were sold to Shanghai Gaobao Investment Co. Ltd. According to the developer, the first-phase of the construction project is expected to be completed in February next year .