Zhong An Real Estate (00672) said its non-wholly-owned subsidiary won a bid for a property located at 72 Xiao Weidi Road, Hexi District, Tianjin comprising the land use right to an allocated land with a total site area of 17,281.5 square metres at Rmb125 million.
It is currently anticipated by Zhong An Real Estate that the property will be developed for residential purposes.