Date
16 October 2017

Beijing sells two land plots for 6.08 bln yuan, paper says

Beijing authorities sold two land plots in the city for a combined 6.08 billion yuan (US$1 billion) on Thursday, the National Business Daily reported Friday. Longfor Properties Co. Ltd. (00960.HK) bought a 220,201-square meter site in Fengtai district for 3.57 billion yuan while Heyu Real Estate won the other site, a property located in Shunyi District, for 2.51 billion yuan, the report said. Beijing has seen 40 billion yuan worth of land plots going under the hammer in January, and a similar transaction value is expected for February, the report said.

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EL/AC/RC

 

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