Property News · May 29, 2018

Hang Lung snaps up prime Hangzhou plot for US$1.7b


Hang Lung is paying 10.7 billion yuan (US$1.7 billion) for a parcel of prime commercial land in Hangzhou in eastern China – the Hong Kong firm’s first mainland purchase in five years.
The land is believed to be the most expensive plot for commercial project development in the capital city of affluent Zhejiang province, and one of Hang Lung’s priciest ever mainland acquisitions.
Total investment of 19 billion yuan is earmarked for the planned project, a large-scale commercial…

Source : South China Morning Post
Read more…Hang Lung snaps up prime Hangzhou plot for US.7b

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