More than 1,600 apartments are available for talents in the Hongqiao Central Business District. [Photo/WeChat account: hongqiaoshangwuqu]

More than 1,600 apartments are available for talents in the Hongqiao Central Business District, according to the launching ceremony of the talent apartments on Jan 1.

Xuhui Residence and Ulive Residence are the two apartment suppliers.

The Xuhui Residence covers an area of 6,100 square meters with 112 apartments and the Ulive Residence occupies 84,000 square meters with 1,561 apartments.

Up to now, talents from 23 enterprises in the CBD have been allocated with the apartments, including Vipshop, a leading online discount retailer for brands in China and Shemar Electric, a Chinese high-tech enterprise.

The CBD has attracted numerous high-end talents and renowned international enterprises are settling there to take advantage of its location and increasingly mature investment climate.

Some 600,000 to 700,000 talents are expected to work in Hongqiao CBD and a regional center integrating high-end business and trading, and conventions and exhibitions will begin to take shape by the end of 2020.