The Haikou Duty-Free mall project is located on the west coast of Haikou. The planned area of the project is 675 acres, and the total construction area is around 926,000 square meters. It has a planned total investment of 12.8 billion yuan.
After it is completed, the business area will be twice the size of the Sanya duty-free mall, and it will become the largest duty-free mall in Asia.
The project is composed of six plots including, tax-free commercial buildings, office buildings, service apartments, residential buildings, luxury hotels, and commercial streets.
It is reported that the fifth plot which is currently under construction is the tax-free commercial section of the project, it has a total construction area of 290,000 square meters.
The underground structure of the duty-free commercial centre plot was completed on September 30, and the construction of the above-ground steel structure is currently underway.
According to Zhao Qiang, (deputy secretary of the Haikou International Duty-Free City Project)
Around 70% of the first-level steel structure has been completed, and the second-level steel structure is also under construction. It is expected that by the end of 2020, the main structure of the fifth duty-free commercial centre will be finished.
In addition, the second plot of the project has entered the construction stage.
The Haikou International Duty Free City is adjacent to the Haikou Railway Station and the Haikou New Seaport, situated around two main transport hubs for Hainan Island. In the future it is expected to become a hot spot for tourists departing the island.
Related article: $14,000 Hainan Duty Free allowance begins from July 1st
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