Times Property (01233) said it has succeeded in the public auction to acquire the land-use-right of three adjacent land parcels in Foshan City, Guangdong Province at Rmb604 million.
The land parcels are situated at Ronggui Area, Shunde District, Foshan City, Guangdong Province with total site area of about 125,782 square metres and its plot ratio shall not exceed 2.5. The land parcels are designated for developing commercial and residential properties with a term of 40 years and 70 years.
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