23 September 2018

Land auctions set new records in Zhuhai, report says

New land sale records were established in the southern city of Zhuhai on Thursday after Zhuhai Hengqin Huafa Real Estate Co. Ltd., a subsidiary of Huafa Industrial Co. Ltd. (600325.CN), won a plot in Hengqin New Area for 5.86 billion yuan (US$962 million) or 18,400 yuan per square meter, while K2 Real Estate acquired an adjacent lot for 4.57 billion yuan or 18,000 yuan per square meter, China News Service reported. The two plots measure a combined 250,000 square meters and are about a kilometer away from the Hengqin port, the report said.

– Contact HKEJ at [email protected]




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