19 May 2019

Evergrande wins Shanghai site for 614 mln yuan, report says

Evergrande Real Estate Group Ltd. (03333.HK) on Thursday won a 30,892.7-square meter residential plot in Shanghai for 614 million yuan (US$100.8 million), news website reported the same day. The final price represents a premium of 98.75 percent over the base price, it said. The win came a day after the developer secured four other sites in Shanghai in auctions conducted by the Shanghai Bureau of Planning and Land Resources, according to the report.

– Contact HKEJ at [email protected]


(First posted: 08.28)

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