Related News
Home » Business » Real Estate
Beijing developer forks out 4.6b yuan for Shanghai plot
By Cherry Cao |
May 29, 2013, Wednesday
|
Online Edition
Online Edition
A BEIJING-BASED developer paid 4.6 billion yuan (US$742 million) today for a land plot in western Changning District, the highest land price paid in Shanghai so far this year.
The 40,355-square-meter plot in the vicinity of Hongqiao Road Metro Station is designated for cultural/sports/retail/office properties and fetched an average price of 29,229 yuan per square meter, 57 percent more than its starting price.
Several real estate developers including Gubei Group and New Changning Group, two major players in the district, participated in the auction.
The previous record was set in April when a 122,018-square-meter residential plot in Tangzhen, Pudong District fetched a total of over 3.7 billion yuan.
As of last week, land sales in Shanghai exceeded 40 billion yuan, according to Century 21 China Real Estate, one of the largest real estate agencies in Shanghai. That compared with 74 billion yuan for the whole year of 2012.
The 40,355-square-meter plot in the vicinity of Hongqiao Road Metro Station is designated for cultural/sports/retail/office properties and fetched an average price of 29,229 yuan per square meter, 57 percent more than its starting price.
Several real estate developers including Gubei Group and New Changning Group, two major players in the district, participated in the auction.
The previous record was set in April when a 122,018-square-meter residential plot in Tangzhen, Pudong District fetched a total of over 3.7 billion yuan.
As of last week, land sales in Shanghai exceeded 40 billion yuan, according to Century 21 China Real Estate, one of the largest real estate agencies in Shanghai. That compared with 74 billion yuan for the whole year of 2012.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
