19 August 2019

Developers buy 3 Beijing sites for 3.7 bln yuan, website reports

Three land plots were sold in Beijing recently for a combined 3.7 billion yuan (US$606.72 million), news website reported Monday. Poly Real Estate Group Co. Ltd. (600048.CN) and affiliates secured a site in Chaoyang district for 2.1 billion yuan while China Railway Jiaye (Beijing). Investment Co. Ltd. acquired a property in Fangshan district for 804 million yuan and Beijing Zifeng Real Estate Development Co. Ltd. bought a site in Tongzhou district for 810 million yuan, the report said.

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