Yuexiu Property Co (DE:GUZA) has released an update.
Yuexiu Property Company Limited has expanded its real estate portfolio by securing a residential land parcel in Shanghai’s Changbai Community for RMB 2.23 billion through an open tender. The strategically located land has well-established amenities and convenient transport links, promising to enhance the company’s land bank and strengthen its position in the Shanghai market. A project company, formed with an independent partner, will develop the land for residential sales.
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