In an effort to become a global tourist destination, Shenzhen is aiming to increase the number of 5-star hotels from 12 to 32 by 2010.

The southern city in Guangdong province received nearly 58 million visitors last year, 21 million of whom stayed overnight. Li Xiaogan from Shenzhen’s tourism department said, “Shenzhen would promote its image as a young metropolis and seaside resort” to attract more international tourists.
Source: China Daily

Fraser Serviced Residences has opened the Fraser Corporate Residences, Futian. This is right in heart of Futian’s central business district in Shenzhen Province. There are 35-storeys designed specifically for the extended stay market — business executives and their families. A quick squiz at the Fraser Futian in the images section shows the standards of design and finish are very high indeed. The sort of place you always would have liked to have owned had you but a few spare million.

The property is owned by Shenzhen Qinian Industry & Development Co Ltd, a subsidiary of the Tianhong Group — one of the largest property developers in Beijing with considerable investments in Shenzhen.
Source: HVS International