After languishing for six years on the outskirts of Shenyang in Liaoning province, Holland Village, the huge aborted theme park development, is gearing up for new life as a mega residential project under its new owner, China Overseas Land and Investment.

The mainland developer now plans a large high-end residential project valued at more than 10 billion yuan (HK$11.35bn). The new project, comprising a total gross floor area of 3.1 million sq m, will be built on two adjacent sites among 13 plots that were originally offered for tender by the Shenyang government in September.

The resurrected Holland Village project would now be raised on the two sites and would be primarily a residential project, but might also include a small area for commercial use.

South China Morning Post