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REAL estate developer Yanlord Land Group has, through a wholly-owned subsidiary, acquired a 41,800-square-metre gross floor area prime residential site in Tang Jia Wan District, Zhuhai for 836 million yuan (S$170 million).
Located within the Tang Jia Wan district, the site is situated near Zhuhai's seafront and benefits from connectivity via the city's key thoroughfares.
With an average plot ratio of up to three times, the site capitalises on government initiatives to invest over 300 billion yuan to develop Zhuhai into a western hub for the Pearl River Delta. Key infrastructure projects - such as the Hong Kong-Macau-Zhuhai bridge, the Hengqin New District, the Guangzhou-Zhuhai railway - aim to further strengthen the economic collaboration between Hong Kong, Macau and Zhuhai.
The site is expected to be a choice location for entrepreneurs and business professionals from Hong Kong, Macau and the Greater Pearl River Delta region, said Yanlord.
Zhong Sheng Jian, Yanlord's chief executive, said: "This latest acquisition is our second acquisition in the Tang Jia Wan district and builds on our track record for delivering high quality residential communities."