Summary by Moomoo AI
Yuexiu Property Co., Ltd. announced that on December 28, 2023, through its joint venture Guangzhou Hongtai Real Estate Development Co., Ltd., it tendered for RMB 43.5 million for three plots of land on Huangyun Road, Tianhe District, Guangzhou, for RMB 43.5 million. The land covers an area of approximately 4.1 million square meters and a total building area of about 15.3 million square meters, of which approximately 9.8 million square meters is the total building area and is of commercial use. The project is located in the Tianhe Chi-ya section, close to the World View Phase I project of Yuexiu Properties and has excellent ecological landscape resources. Well-equipped facilities around the site, including a business centre, a school and a hospital. The Board of Directors said the acquisition will increase the company's high-quality land reserves and consolidate its strategic position in Guangzhou.