Future Land Development (01030) said it won the bid for the land use rights in respect of a land parcel located to the east of Jiangdu North Road, north of Ancient Canal, south of Zhuxi Road and west of Sanxing Road of Yangzhou, Jiangsu, the PRC at Rmb823 million.
The land parcel has a total site area of about 161,918 square metres The plot ratio is exceeding 1 but not exceeding 2. The term of the land use rights shall be 70 years for commercial and residential use.