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Land plot sold
By Cao Qian |
June 16, 2011, Thursday
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Print Edition
Print Edition
A LAND plot near Shanghai's Changfeng Park was sold for 2.43 billion yuan (US$375 million) yesterday, or a gross floor area price of 10,768 yuan per square meter, about 8 percent above its starting price.
The 90,300-square-meter plot, 80 percent designated for office development and 20 percent for retail space, was acquired by Hangzhou-based Greentown China Holdings and Shanghai Huabin Investment Co.
Office and retail projects in neighboring areas now ask for about 25,000 yuan per square meter.
The 90,300-square-meter plot, 80 percent designated for office development and 20 percent for retail space, was acquired by Hangzhou-based Greentown China Holdings and Shanghai Huabin Investment Co.
Office and retail projects in neighboring areas now ask for about 25,000 yuan per square meter.
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