Xinhu Zhongbao Co Ltd<600208>, which is principally engaged in the development of residential properties, yesterday announced that a subsidiary based in Shenyang, Liaoning Province, has won the bids for two pieces of land for RMB 106 million in total, sources reported.The two mixed-use parcels have a combined area of 117,828 square meters. The developments to be built on the parcels will both have a...
U.S.-based FedEx Corp recently said its express parcel delivery business in China will continue to grow, and the company will expand its presence in western China, Dow Jones Newswire reported. The business that the company launched in China in 2007 is growing well, and its key selling point is a high...
China Resources Land Ltd<1109>, the Hong Kong-listed real estate unit of China Resources (Holdings) Co Ltd, has won the bid for a piece of residential land in Nanjing, Jiangsu Province, for RMB 2.22 billion or RMB 7,992 per square meter of potential floor area, sources reported. The parcel, which covers a land...
A wholly-owned Jiangsu-based subsidiary of Suning Universal Co Ltd<000718> on Aug. 11 won the bids for two pieces of land in Nanjing, Jiangsu Province for RMB 374 million in total, sources reported.One parcel, located in the city's Heban County, covers a land area of 37,762.7 square meters and has a...
On Jun. 24, a Beijing-based real estate developer acquired one piece of land for RMB 1.74 billion or RMB 6,265 per square meter (sq m) of potential floor area in Tongzhou District, Beijing and another for RMB 188 million or RMB 5,986 per sq m in the same district, source reported.Six parcels were purchased on Jun....
Beijing Mainstreets Investment Group Corp<000609>, which is principally engaged in real estate development, on Nov. 20 announced that it auctioned off an 82-Mu plot in Chengdu, Sichuan Province for RMB 680 million or RMB 8.29 million per Mu starting at a price of RMB 4 million per Mu, sources reported....
Greentown China Holdings Ltd<3900>, which is principally engaged in developing residential property projects, on Tuesday won the bids for two pieces of land near Jinjihu Avenue in Suzhou, Jiangsu Province for RMB 6.1 billion in total, sources reported.The Hong Kong-listed firm beat out Sun Hung Kai...
Shanghai Industrial Holdings Ltd<0363> on Aug. 12 announced that it plans to spend HK$1.73 billion purchasing three pieces of land in Shanghai from its parent Shanghai Industrial Investment (Holding) Co Ltd, sources reported. On the three sites, the Hong Kong-listed company will build high-end apartments...
The G7 economies are struggling to produce a collective response to the worst downturn in decades, raising the danger that an upcoming G20 meeting could in turn hit trouble over the looming issue of trade protectionism.