Date
19 August 2017

US developer bags Qianhai plot for 13.4 bln yuan, paper says

United States developer Silverstein Properties has won a plot in Qianhai for 13.4 billion yuan (US$2.21 billion), a record price for a land auction in the special financial zone, 21st Century Business Herald reported Friday. The 51,400 square meter plot, which can be developed into 477,000 square meters of buildable space, was the fifth to be auctioned off since July last year. The local government has made 40.7 billion yuan from such auctions. The Qianhai administration will offer another 10 sites this year. Silverstein is the developer of the World Trade Center towers in New York, the report said.

– Contact HKEJ at [email protected]

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