Yuexiu Property Acquires Guangzhou Land Parcel for RMB1.19 Billion
Reuters
Oct 28
Yuexiu Property Acquires Guangzhou Land Parcel for RMB1.19 Billion
Yuexiu Property Co. Ltd. announced that its subsidiary, Guangzhou Xinyue Property Development Co., Ltd., has acquired a land parcel located in Dashi Subdistrict, Panyu District, Guangzhou. The site, with an area of approximately 29,777 sq.m. and a total gross floor area of about 114,771 sq.m., was purchased by open tender for RMB1,194,000,000. The acquisition is expected to strengthen Yuexiu Property's land bank and strategic presence in Guangzhou.
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