Yuexiu Property (00123) said it acquired a parcel of land located at Huaqiao Development Zone, Kunshan City, Jiangsu Province for Rmb443 million by way of open tender through its indirect subsidiary.
The parcel of land has a site area of about 58,803 square metres and a total gross floor area of about 184,698 square metres. The parcel of land is for residential use. The average land cost based on the total gross floor area amounts to around Rmb2,400 per square metre.