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Hefei Urban Construction wins property project in Hefei

Published: 13 Apr 2009 01:20:47 PST

Apr. 13, 2009 (China Knowledge) - Hefei Urban Construction Development Co Ltd<002208>, engaged in real estate development and urban redevelopment, announced on Apr. 10 that it had acquired a piece of undeveloped land for mixed-use for RMB 218.57 million in Hefei City, Anhui Province.

The undeveloped land, covering an area of 106.62 Mu, was purchased for RMB 2.05 million per Mu.

Office buildings and residential and commercial properties will be built on the land, which is located in Hefei's Baohe District.

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 2.0.

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