Property News · February 8, 2017

Citic buys Wuhan land for 9.92 billion yuan


Citic Pacific China, the property unit of the country’s largest state-owned conglomerate, has paid 9.92 billion yuan (HK$11.18 billion) to buy a piece of land in the Hubei provincial capital of Wuhan, returning to building apartments, a year after disposing of its residential property portfolio to a rival.
Citic’s Wuhan land parcel, located northeast of the city’s central business district on the western bank of the Yangtze river, has a total area of 229,040 square metres (2….

Source : South China Morning Post
Read more…Citic buys Wuhan land for 9.92 billion yuan

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