Date
18 October 2017

Poly Real Estate wins three plots for 2.6 bln yuan, paper says

Poly Real Estate Group Co. Ltd. (600048.CN) said it has acquired three plots in Chengdu, Dandong and Chongqing for 2.6 billion yuan (US$426.742 million), the China Securities Journal reported Thursday. The Chengdu commercial and residential plot, which measures 69,748 square meters and offers a floor area of 188,631 square meters, was sold for 1.28 billion yuan. The plot in Dandong city, which was sold for 143.5 million yuan, measures 70,280 square meters and offers a floor area of 168,672 square meters. Poly owns a 46.92 percent stake in the plot. Meanwhile, the 1.27 billion yuan Chongqing plot measures 282,392 square meters and can be turned into 1.24 million square meters of floor area, the report said.

– Contact HKEJ at digest@ejinsight.com

EL/AC/CG

 

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