Landsea Green Properties (00106) said it made a successful bid jointly with Suzhou Science and Technology City Kexin Cultural and Tourism Development Company Limited for the land use rights of a parcel of land at north of Wuyi Shan Road and west of Fu Chun Jiang Road, Science and Technology City, New District, Suzhou City at Rmb269 million.
Landsea Green Properties holds 20% interest in the project and Suzhou Science and Technology City Kexin Cultural and Tourism Development Company Limited holds 80% interest in this project.
The land parcel covers a site area of 71,886.8 square metres with the plot ratio of 1.01. The expected total gross floor area could reach 72,605.7 square metres with land cost of about Rmb3,703 per square metre. It will be used for construction of residential properties and car parks for sale in the market.
30/07/2014 11:28
Landsea (00106) & partner win bid for Rmb269m Suzhou site
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