Date
19 August 2017

Sino-Ocean wins Beijing site for 1.14 bln yuan, website says

Beijing Yuankun Real Estate Development Co. Ltd., a subsidiary of Sino-Ocean Land Holdings Ltd. (03377.HK), has won a plot in Beijing’s Fangshan district for 1.14 billion yuan (US$189.07 million), a 48 percent premium to the base price, news website guandian.cn reported Friday. Beijing Yuankun will build 27,000 square meters of subsidized housing units, equivalent to 32 percent of the plot size. The site covers 29,421 square meters which translate to 82,379 yuan per square meter of buildable space, the report said.

– Contact HKEJ at [email protected]

EL/AC/RA

 

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