Hong Kong property giant New World Development’s China arm has acquired a sizeable commercial and residential land parcel in Guangzhou for 2.09 billion yuan (US$310 million), emphasising its expansion plans in the mainland.
New World China Land, which delisted from Hong Kong in 2016, said on Monday it had won the 35,245 square metre land parcel on Yongning Street in Zengcheng District, on the eastern outskirts of the Guangdong provincial capital.
The parcel will be developed into a…
Source : South China Morning Post
Read more…New World China buys US0m mixed-use land parcel in Guangzhou, reinforcing its mainland commitment
