Disneyland's final location of 116 hectares announced

SHANGHAI: The Shanghai version of the Magic Kingdom will be located at the Chuansha town of Pudong New Area, covering 116 hectares, according to the theme park's final plans announced on the National Development and Reform Commission website yesterday.

The Disneyland project, which will be jointly developed by Chinese and United States companies, will include an amusement park, a logistics support area, a public utilities area and a parking lot, the commission said.

The announcement is the first time authorities have officially confirmed the location of Shanghai Disneyland, even though previous media reports have pinpointed the area. The news has pushed Chuansha's home prices to 12,000 yuan ($1,760) per sq m from 3,000 yuan from three years ago.