26 February 2020

Yuexiu wins Guangzhou site for 4.35 bln yuan, report says

Yuexiu Property Co. Ltd. (00123.HK) bought a land plot in the Luogang district of Guangzhou for 4.35 billion yuan (US$713 million), reported Thursday. The price represents a premium of 45 percent over the base price, marking a new record, it said. The per-square meter price for the acquisition works out to 9,181 yuan, the report said.

– Contact HKEJ at [email protected]