Yuexiu Property (00123) said it acquired a parcel of land located at Zhongbei Road, Wuchang District, Wuhan City, Hubei Province for Rmb430.5 million by way of open tender.
The land parcel has a site area of about 10,900 square metres and a total gross floor area of about 55,837 square metres. The average land cost based on the total gross floor area amounts to about Rmb7,700 per square metre. The parcel of land is for commercial and urban railway transportation use.