{"id":704,"date":"2010-05-27T23:19:08","date_gmt":"2010-05-27T15:19:08","guid":{"rendered":"http:\/\/parforchina.com\/?p=704"},"modified":"2016-05-16T11:58:11","modified_gmt":"2016-05-16T15:58:11","slug":"cost-of-mission-hills-hainan-us4-4-billion-so-far","status":"publish","type":"post","link":"http:\/\/danwashburn.com\/forbiddengame\/cost-of-mission-hills-hainan-us4-4-billion-so-far\/","title":{"rendered":"Cost of Mission Hills Hainan? US$4.4 billion (so far)"},"content":{"rendered":"

At least according to this Bloomberg story<\/a>:<\/p>\n

Mission Hills Group, owner of the world\u2019s largest golf club, will boost investment sixfold in a golfing complex on China\u2019s Hainan island as the nation\u2019s economic rebound spurs a tourism and property boom.<\/p>\n

Mission Hills, based in Shenzhen, the southern city adjacent to Hong Kong, is to spend a further 25 billion yuan ($3.7 billion) by adding more golfing, retail and community facilities at its 5 billion-yuan club in Haikou, in the island\u2019s north, Vice Chairman Ken Chu said in an interview in Hong Kong.<\/p><\/blockquote>\n

So that’s 30 billion yuan already, and it looks like that will cover less than half of what Mission Hills eventually has planned for its Hainan mega-complex. Further on in the story:<\/p>\n

The Hainan club, built on top of a volcano, opened in March offering an initial six courses, according to company data. The group is operating it as a public, rather than a members-only, facility to attract more golfers, Chu said.<\/p>\n

When fully completed, the Hainan club will feature 10 courses, according to the company, and will be similar in size to the Shenzhen complex, which spreads across 20 square kilometers (5,000 acres), or equivalent to the combined size of six Central Parks in New York City. The Hainan government, meanwhile, suggests on its website<\/a> that the development may eventually have 30 courses.<\/p><\/blockquote>\n

OK, first let’s clear a couple things up:<\/p>\n