Times Property (01233) said it has succeeded in the public auction to acquire the land-use-right of a land parcel in Guangzhou City, Guangdong Province for Rmb522.5 million.
The land parcel is situated at Nansha District, Guangzhou City with a total site area of about 45,593 square metres and its plot ratio shall not exceed 3. It is designated for developing commercial and residential properties with a term of 40 years and 70 years.
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