Buyer Community> Trade Intelligence> China Biz> China Resources Land purchases RMB 229-mln property in Hefei
Source: China Knowledge China Knowledge

China Resources Land purchases RMB 229-mln property in Hefei

Published: 12 Apr 2009 20:34:06 PST

Apr. 13, 2009 (China Knowledge) - China Resources Land Ltd<1109> on Apr. 9 acquired a piece of undeveloped residential land for RMB 229 million in Hefei, the capital city of Anhui Province, sources reported.

The property, which covers 69.24 Mu and has a potential floor area of 190,000 square meters, was purchased by the Hong Kong-listed enterprise for about RMB 3.31 million per Mu.

Landscaped areas will cover more than 40% of the development. The building coverage rate will be less than 22% and the floor area ratio will be less than 4.2.

Reportedly, China Resources Land targets RMB 8.64 billion in residential operating revenue this year.

Copyright © 2009

Send feedback or comments to:

For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today:

To access our page on Bloomberg, type CKFI

China Knowledge
Related Topics

Share this post:
Related Article
Most Popular