Yuexiu acquires residential parcel in Zhejiang for 986m yuan

Singapore

YUEXIU Property Company has acquired a land parcel in China's Zhejiang province for 986 million yuan (S$198 million) by way of open tender through its indirect non-wholly-owned subsidiary.

The Hangzhou Jianggan Niu Tian Land Parcel has a site area of about 23,592 square metres and a total gross floor area of about 76,792 sq m, of which the permissible gross floor area amounts to about 56,621 sq m and the underground gross floor area amounts to about 20,171…