Property News · November 26, 2020

Property firm China Overseas Land & Investment shrugs aside Beijing funding curbs to acquire Zhuhai plot for record US$1.6 billion


Property developer China Overseas Land & Investment (Coli) has shrugged aside tightening government curbs on financing to acquire a residential and commercial plot in Zhuhai for the record sum of 10.5 billion yuan (US$1.6 billion), it said on Wednesday.The plot can yield 450,000 square metres in gross floor area, of which about 385,000 square metres have been earmarked for homes. The rest of the land has been set aside for commercial use, such as the development of hotels, shopping malls and…

Source : South China Morning Post
Read more…Property firm China Overseas Land & Investment shrugs aside Beijing funding curbs to acquire Zhuhai plot for record US.6 billion