Shui On Land currently has development rights to a land bank of 6.6 million square metres of buildable space. Its projects include Rui Hong Xin Cheng (Rainbow City) in Shanghai, an integrated residential development project targeting the fast growing middle-income segment of the Shanghai market, Taipingqiao Redevelopment Project, a city core development project encompassing 52 hectares (128.5 acres) of mixed commercial and residential developments in the heart of Shanghai, featuring the internationally acclaimed Shanghai Xintiandi, Corporate Avenue, Lakeville, Xihu Tiandi in Hangzhou, Chongqing Project and Chuangzhi Tiandi in Shanghai's Yangpu district.