Landsea Green Properties (00106) said it made a successful bid for the land use rights of a parcel of land in Gusu District, Suzhou City for Rmb600 million.
The land parcel covers a site area of 26,591 square metres with plot ratio of 2.5, the expected total gross floor area could reach 66,478 square meters with land cost of about Rmb9,026 per square metre. It will be used for construction of residential properties, car parks and commercial properties for sale in the market.
In order to scatter the operational risk of a single project and improve the operational robustness, Landsea intends to seek a well-known real estate developer to jointly develop the plot.
16/04/2014 09:43
Landsea Props (00106) wins bid for Rmb600m Suzhou site
- 經濟通
- 強化版MQ
- 強化版TQ
- 財曆
- Mobile
Web
