Yuexiu Property (00123) said its 95.48%-owned subsidiary Guangzhou Yingsheng Investment Co., Ltd. and Guangzhou Greenland Property Development Limited have formed a 50:50 joint venture in the PRC for the development of the parcel of land located at Guangzhi Area, Haizhu District, Guangzhou, Guangdong Province.
The land parcel has a site area of about 22,246 square metres and a total gross floor area of about 229,556 square metres. It has been approved for residential and commercial uses.
Guangzhou Yingsheng and Shenzhen Joint Investment Management Limited have formed a 51:49 joint venture in the PRC for the development of the parcel of land located at Guangzhi Area, Haizhu District, Guangzhou, Guangdong Province. This land parcel has a site area of about 103,029 square metres and a total gross floor area of about 735,585 square metres. It has been approved for residential and commercial uses.