Real Estate, Financials, Consumer Staples Oct 12, 2021 03:42 PM (GMT+8) · EqualOcean
Associated Press, October (12), the announcement of the Yu Garden shares, the company's subsidiary Hangzhou Fu Tuo Real Estate Co., Ltd. took part in the public sale of state-owned construction land use right in Shanghai land transaction market in October 12, 2021, and won the 1-02-01 land in the JSC1-0401 unit of Jinshan District Jinshan New town (land bulletin number: 202111020) for RMB 2 billion 570 million 130 thousand yuan. The company owns 100% equity of the project. The company does not rule out introducing strategic partners to jointly develop the project according to the actual situation of the project and its own strategic advantages. The company has received the transaction confirmation. The details of the project are as follows: plot 1-02-01, unit jsc1-0401, Jinshan new town, Jinshan District (plot Announcement No.: 202111020), transfer area: 107749.3 square meters; Volume area: 193948.74 square meters. Land use: ordinary commercial housing. Transfer period: 70 years of residential land.
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