Times Property (01233) said it has succeeded in the public auction to acquire the land-use-right of a land parcel in Qingyuan City, Guangdong Province for Rmb198 million.
The total site area of the land parcel is around 84,167 square metres, and its plot ratio shall not exceed 2.9. The land parcel is designated for developing commercial and residential properties with a term of 40 years and 70 years.